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Covenant Transportation Group, Inc.

CVTI.OQ

Latest Trade

13.99USD

Change

1.08(+8.37%)

Volume

90,516

Today's Range

13.46

 - 

15.19

52 Week Range

12.47

 - 

24.85

As of on the NASDAQ ∙ Minimum 15 minute delay

Latest Developments

Covenant Transportation Reports Q3 Loss Per Share $0.17

Oct 22 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS.Q3 LOSS PER SHARE $0.17.Q3 REVENUE $222.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $212.7 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.03 -- REFINITIV IBES DATA.Q3 ADJUSTED LOSS PER SHARE $0.08.QTRLY TOTAL REVENUE OF $222.9 MILLION, A DECREASE OF 8.4% COMPARED WITH Q3 OF 2018.EXPECT Q4 PRICING AND VOLUME LEVELS TO REMAIN SUBDUED COMPARED WITH LAST SEVERAL HOLIDAY PEAK SEASONS.EXPECT Q4 COMBINED INSURANCE AND CAPITAL COSTS TO DECREASE SEQUENTIALLY AS COMPARED TO Q3 OF 2019.ANTICIPATE CONSOLIDATED ADJUSTED NET INCOME TO IMPROVE SEQUENTIALLY TO A PROFITABLE LEVEL IN Q4 OF 2019.

Covenant Transportation Sees Q3 Loss Per Share Of $0.17 To $0.18

Oct 17 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES UPDATED EXPECTATIONS CONCERNING THIRD QUARTER FINANCIAL RESULTS.SEES Q3 LOSS PER SHARE OF $0.17 TO $0.18.SEES Q3 ADJUSTED LOSS PER SHARE $0.08 TO $0.09.Q3 EARNINGS PER SHARE VIEW $0.21 -- REFINITIV IBES DATA.FREIGHT MARKET REMAINED RELATIVELY CONSTANT BETWEEN Q2 AND Q3.MAIN INCOME DIFFERENCES BETWEEN Q2 AND Q3 RELATE TO HIGHER NON-DRIVER WAGE EXPENSE.COVENANT TRANSPORTATION GROUP - MAIN INCOME DIFFERENCES BETWEEN Q2 AND Q3 RELATE TO UNFAVORABLE CASUALTY, WORKERS' COMPENSATION.COVENANT TRANSPORTATION GROUP - MAIN INCOME DIFFERENCES BETWEEN Q2 AND Q3 RELATE TO GROUP HEALTH INSURANCE EXPENSE.Q3 REFLECTED NEGATIVE ENVIRONMENT IN WHICH AVAILABLE TRUCKING CAPACITY CONTINUES TO EXCEED FREIGHT DEMAND.

Covenant Transportation Group Reports Q2 Earnings Per Share $0.33

July 24 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES SECOND QUARTER FINANCIAL AND OPERATING RESULTS.Q2 EARNINGS PER SHARE $0.33.Q2 REVENUE $219.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $224.4 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.34 -- REFINITIV IBES DATA.Q2 ADJUSTED EARNINGS PER SHARE $0.35.QTRLY FREIGHT REVENUE OF $194.9 MILLION (EXCLUDES REVENUE FROM FUEL SURCHARGES), AN INCREASE OF 14.2%."EXPECT BUSINESS TO REMAIN CONSISTENT THROUGH END OF YEAR".TRUCKLOAD FREIGHT ENVIRONMENT REMAINED MUTED THROUGH MOST OF Q2 CONTRARY TO NORMAL SEASONAL TRENDS.BELIEVE CAPACITY IS BEGINNING TO CONTRACT AND EXPECT CAPACITY REDUCTION TO CONTINUE THROUGHOUT REMAINDER OF 2019.COVENANT TRANSPORTATION - FOR SECOND HALF OF YEAR, FOCUS BE ON FINDING OPPORTUNITIES TO IMPROVE PERFORMANCE OF ONE-WAY TRUCKLOAD SERVICE OFFERINGS.

Covenant Transportation Sees Q2 Adj EPS $0.34-$0.35

July 17 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES UPDATED EXPECTATIONS CONCERNING SECOND QUARTER FINANCIAL RESULTS.CONTRARY TO NORMAL SEASONAL PATTERNS, TRUCKLOAD FREIGHT ENVIRONMENT REMAINED SLUGGISH THROUGH MOST OF Q2.EXPECT TO REPORT Q2 EARNINGS PER DILUTED SHARE ("EPS") IN RANGE OF $0.32 TO $0.33.FOR Q2 OF 2019, CONSOLIDATED FREIGHT REVENUE IS EXPECTED TO INCREASE APPROXIMATELY 14% COMPARED WITH Q2 OF 2018.SEES Q2 ADJUSTED EARNINGS PER DILUTED SHARE IN RANGE OF $0.34 TO $0.35.CONTRARY TO NORMAL SEASONAL PATTERNS, TRUCKLOAD FREIGHT ENVIRONMENT REMAINED SLUGGISH THROUGH MOST OF Q2.Q2 EARNINGS PER SHARE VIEW $0.47 -- REFINITIV IBES DATA.EXPECT CAPACITY REDUCTION TO CONTINUE THROUGHOUT REMAINDER OF 2019.

Covenant Transportation Group Q1 Earnings Per Share $0.24

April 25 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES FIRST QUARTER FINANCIAL AND OPERATING RESULTS.Q1 EARNINGS PER SHARE $0.24.Q1 REVENUE $219.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $227.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.21 -- REFINITIV IBES DATA.Q1 ADJUSTED EARNINGS PER SHARE $0.27.EXPECT Q2 2019 ADJUSTED EARNINGS PER DILUTED SHARE TO BE FAIRLY CONSISTENT WITH PRIOR YEAR QUARTER.

Covenant Transportation Sees Q1 Adjusted Net Income In Range Of $0.18 To $0.26 Per Diluted Share

March 18 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES EXPECTATIONS CONCERNING FIRST QUARTER FINANCIAL RESULTS.COVENANT TRANSPORTATION - EXPECT TO REPORT ADJUSTED NET INCOME IN RANGE OF $3.4 MILLION TO $4.9 MILLION, OR $0.18 TO $0.26 PER DILUTED SHARE, FOR Q1 OF 2019.COVENANT TRANSPORTATION GROUP INC - TRUCKLOAD FREIGHT ENVIRONMENT HAS BEEN WEAKER THIS YEAR FROM LATE JANUARY THROUGH MID MARCH.

Covenant Transportation Group Q4 Earnings Per Share $0.89

Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES FOURTH QUARTER FINANCIAL AND OPERATING RESULTS.Q4 EARNINGS PER SHARE $0.89.Q4 REVENUE $272.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $266 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.76 -- REFINITIV IBES DATA.Q4 ADJUSTED EARNINGS PER SHARE $0.92.OUR EARNINGS OUTLOOK FOR 2019 IS POSITIVE.EXPECT TO DELIVER EARNINGS IMPROVEMENT FOR Q1 OF 2019 AS COMPARED TO Q1 OF 2018.FOR FULL YEAR 2019, WE EXPECT ADJUSTED EARNINGS PER DILUTED SHARE TO INCREASE MODESTLY OVER 2018.EXPECT TO REDUCE COMBINED BALANCE SHEET AND OFF-BALANCE SHEET DEBT OVER COURSE OF FISCAL 2019.

Covenant Transportation Group Files For Mixed Shelf Of Up To $150 Mln

Nov 16 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP INC FILES FOR MIXED SHELF OF UP TO $150 MILLION – SEC FILING.

Covenant Transportation Group Announces Q3 Financial And Operating Results

Oct 23 (Reuters) - Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS.Q3 EARNINGS PER SHARE $0.63.Q3 REVENUE ROSE 36.2 PERCENT TO $243.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.61 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $0.66.

Covenant Transportation Group Q2 Earnings Per Share $0.54

Covenant Transportation Group Inc <CVTI.O>::COVENANT TRANSPORTATION GROUP ANNOUNCES SECOND QUARTER FINANCIAL AND OPERATING RESULTS.Q2 EARNINGS PER SHARE $0.54.Q2 REVENUE ROSE 19.5 PERCENT TO $196.3 MILLION.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.COVENANT TRANSPORTATION GROUP - EXPECT OVERALL BALANCE OF BUSINESS CONDITIONS TO "REMAIN FAVORABLE" THROUGH H2 2018 AND INTO 2019.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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