CVTI Covenant Transportation Group, Inc. featured news, full reports, and detailed charts
Covenant Transportation Group, Inc. (CVTI) Wrap Up:
This Annual Report on Form 10-K contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including without limitation: any projections of earnings, revenues, or other financial items; any statement of plans, strategies, and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; and any statements of belief and any statement of assumptions underlying any of the foregoing. Such statements may be identified by their use of terms or phrases such as "expects," "estimates," "projects," "believes," "anticipates," "intends," and similar terms and phrases. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001008886-08-000022.html#FIS_BUSINESS"Covenant Transportation Group, Inc. (CVTI:NASDAQ)
Snapshot of Covenant Transportation Group, Inc. (CVTI)
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OPEN
$4.61
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PREVIOUS CLOSE
$4.76
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DAY HIGH
$4.82
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DAY LOW
$4.61
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52 WEEK HIGH
06/30/09 - $5.89
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52 WEEK LOW
11/24/08 - $1.40
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MARKET CAP
68.1M
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AVERAGE VOLUME 3 mo
5.9K
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DILUTED EPS TTM
$-4.41
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SHARES OUTSTANDING
14.2M
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CVTI Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
CVTI Top Compensated Officers
Executives, Board Directors
Key developments for Covenant Transportation Group, Inc. (CVTI)
Covenant Transportation Group Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, total revenue decreased 28.0%, to $153.0 million from $212.5 million in the same quarter of 2008. The company reported net loss of $13.6 million, or $0.96 per basic and diluted share, in the 2009 quarter. The loss included a non-cash impairment charge of $11.6 million relating to the write-down of investments in Transplace. On a non-GAAP basis, excluding the non-cash impairment charge, the company's net loss would have been $2.0 million in the 2009 quarter, or $0.14 per basic and diluted share. This compares with a net loss of $3.4 million, or $0.24 per basic and diluted share, for the third quarter of 2008. At September 30, 2009, ratio of net debt to total capitalization was 65.9%. Loss before income taxes was $13.3 million against $4.1 million a year ago. Operating income was $1.8 million against operating loss of $0.7 million a year ago. For the nine months period, the company reported net loss of $22.3 million or $1.58 per basic and diluted share on total revenue of $430.9 million against net loss of $13.6 million or $0.97 per basic and diluted share on total revenue of $602.9 million reported a year ago. Loss before income taxes was $25.1 million against $18.2 million a year ago. Operating loss was $3.9 million against $10.6 million a year ago. Tangible book value per share was $5.88 against $7.44 reported a year ago. Non-GAAP net loss was $10.7 million or $0.76 per basic share against $13.6 million or $0.97 per basic share reported a year ago. The company reported non-cash impairment charge of $11.6 million (with no tax benefit) relating to the write down of the carrying cost of investments in Transplace Inc.
Covenant Transportation Group, Inc., Q3 2009 Earnings Call, Oct 27 2009
Covenant Transportation Group, Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
CVTI Competitors
| Company | Last | Change |
| Arkansas Best Corp | $24.87 USD | +0.31 |
| Heartland Express Inc | $14.92 USD | +0.17 |
| K-Sea Transportation Partners LP | $11.00 USD | -0.03 |
| Knight Transportation Inc | $17.28 USD | +0.11 |
| Old Dominion Freight Line Inc | $27.65 USD | -0.13 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CVTI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CVTI |
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CVTI transactions
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| No transactions in the last 6 months. | ||