Last $16.77 USD
Change Today +0.16 / 0.96%
Volume 157.5K
CVTI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

covenant transport grp-cl a (CVTI) Snapshot

Open
$16.67
Previous Close
$16.61
Day High
$17.03
Day Low
$16.56
52 Week High
09/18/14 - $17.09
52 Week Low
09/24/13 - $5.86
Market Cap
250.8M
Average Volume 10 Days
160.6K
EPS TTM
$0.51
Shares Outstanding
12.6M
EX-Date
--
P/E TM
32.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for COVENANT TRANSPORT GRP-CL A (CVTI)

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covenant transport grp-cl a (CVTI) Details

Covenant Transportation Group, Inc., together with its subsidiaries, offers truckload transportation and brokerage services in the continental United States. Its Asset-Based Truckload Services segment provides long haul, dedicated, temperature-controlled, and regional solo-driver services. The company also offers freight brokerage services directly, as well as through freight brokerage agents; less-than-truckload consolidation services; and accounts receivable factoring services. It serves transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers, as well as traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2013, the company operated 2,688 tractors and 6,861 trailers. Covenant Transportation Group, Inc. was founded in 1994 and is headquartered in Chattanooga, Tennessee.

4,202 Employees
Last Reported Date: 03/18/14
Founded in 1994

covenant transport grp-cl a (CVTI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $546.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $197.2K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $290.4K
President of Southern Refrigerated Transport ...
Total Annual Compensation: $250.0K
President of Star Transportation Inc
Total Annual Compensation: $184.0K
Compensation as of Fiscal Year 2013.

covenant transport grp-cl a (CVTI) Key Developments

Covenant Transportation Group, Inc. Provides Earnings Guidance for the Third Quarter of 2014

Covenant Transportation Group, Inc. provided earnings guidance for the third quarter of 2014. For the third quarter of 2014, the company expects to report consolidated net income in a range of $0.05 to $0.11 per diluted share. These expected results include the additional reserve for a cargo claim of $0.29 to $0.33 per diluted share related to an adverse judgment regarding a 2008 cargo claim that the company announced on September 2, 2014. On a non-GAAP basis, without the additional reserve for this cargo claim, the company expects to report consolidated net income in a range of $0.35 to $0.40 per diluted share. These expected results compare to reported consolidated net income of $0.13 per diluted share for the third quarter of 2013.

Covenant Transportation Group, Inc. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-04-2014 01:55 PM

Covenant Transportation Group, Inc. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-04-2014 01:55 PM. Venue: The Boston Harbor Hotel, Boston, Massachusetts, United States.

Covenant Transportation Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Covenant Transportation Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $173.654 million compared to $172.488 million for the same period a year ago. Operating income was $9.056 million compared to $6.350 million for the same period a year ago. Income before income taxes was $7.188 million compared to $4.285 million for the same period a year ago. Net income was $3.780 million or $0.25 per diluted share compared to $1.891 million or $0.13 per diluted share for the same period a year ago. For six months, the company reported total revenue of $334.611 million compared to $337.219 million for the same period a year ago. Operating income was $9.410 million compared to $5.635 million for the same period a year ago. Income before income taxes was $5.595 million compared to $1.416 million for the same period a year ago. Net income was $2.406 million or $0.16 per diluted share compared to net loss of $0.068 million or $0.00 per diluted share for the same period a year ago. At June 30, 2014, tangible book value was $102.8 million, or $6.88 per basic share.

 

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Industry Analysis

CVTI

Industry Average

Valuation CVTI Industry Range
Price/Earnings 33.1x
Price/Sales 0.4x
Price/Book 2.4x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
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