Key Developments: Covenant Transportation Group Inc (CVTI.O)

CVTI.O on Nasdaq

13.49USD
28 Jul 2014
Price Change (% chg)

$-0.08 (-0.59%)
Prev Close
$13.57
Open
$13.89
Day's High
$13.89
Day's Low
$12.78
Volume
50,312
Avg. Vol
36,728
52-wk High
$13.94
52-wk Low
$5.13

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Latest Key Developments (Source: Significant Developments)

Covenant Transportation Group Inc gives Q4 2013 EPS guidance above analyst' estimates
Tuesday, 14 Jan 2014 09:33am EST 

Covenant Transportation Group Inc:Says for the Q4 2013, it expect to report consolidated net income in a range of $0.18 to $0.22 per diluted share.Q4 2013 EPS of $0.11 - Thomson Reuters I/B/E/S.  Full Article

Covenant Transportation Group Inc Comments On H1, H2 2013 Earnings Guidance; Issues FY 2013 EPS Guidance Above Analysts' Estimates
Wednesday, 30 Jan 2013 04:02pm EST 

Covenant Transportation Group Inc announced that it expect earnings comparisons in the first half of 2013 to be negative compared with 2012, then becoming positive in the second half of 2013. Excluding the approximately $0.10 per share gain from sale of real estate during 2012, the Company expect earnings per share (EPS) for fiscal 2013 to increase meaningfully over 2012. The Company reported net income of $6.1 million, or $0.41 per share in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of ($0.39) million for the first quarter of 2013, net income of $2.24 million for the second quarter of 2013, net income of $1.61 million for the third quarter of 2013, net income of $0.80 million for the fourth quarter of 2013 and EPS of $0.31 for fiscal 2013.  Full Article

Fitch Publishes Capital Structure and Covenant Analysis for 50 Largest U.S. Leveraged Issuers

(The following statement was released by the rating agency) CHICAGO, July 08 (Fitch) Fitch Ratings has published the latest issue of its Capital Structure and Covenant Analysis for 50 Largest U.S. Leveraged Issuers report. In conducting its analysis, Fitch observed the following trends: --Robust Valuation Multiples: The average enterprise value/EBITDA market multiple for the Fitch 50 is unchanged from last edition's 11.1x, which still exceeds the 10.2x average market valuation multiple ac

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