Covenant Logistics Group Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $44.91
- Today's High:
- $46.66
- Open Price:
- $45.91
- 52W Low:
- $21.0827
- 52W High:
- $42.9359
- Prev. Close:
- $45.93
- Volume:
- 57968
Company Statistics
- Market Cap.:
- $505.72 million
- Book Value:
- 28.481
- Revenue TTM:
- $1.19 billion
- Operating Margin TTM:
- 5.41%
- Gross Profit TTM:
- $238.11 million
- Profit Margin:
- 8.65%
- Return on Assets TTM:
- 5.66%
- Return on Equity TTM:
- 28.01%
Company Profile
Covenant Logistics Group Inc had its IPO on 1994-10-28 under the ticker symbol CVLG.
The company operates in the Industrials sector and Trucking industry. Covenant Logistics Group Inc has a staff strength of 3,007 employees.
Stock update
Shares of Covenant Logistics Group Inc opened at $45.91 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $44.91 - $46.66, and closed at $45.08.
This is a -1.85% slip from the previous day's closing price.
A total volume of 57,968 shares were traded at the close of the day’s session.
In the last one week, shares of Covenant Logistics Group Inc have slipped by -10.29%.
Covenant Logistics Group Inc's Key Ratios
Covenant Logistics Group Inc has a market cap of $505.72 million, indicating a price to book ratio of 1.3508 and a price to sales ratio of 0.4135.
In the last 12-months Covenant Logistics Group Inc’s revenue was $1.19 billion with a gross profit of $238.11 million and an EBITDA of $123.16 million. The EBITDA ratio measures Covenant Logistics Group Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Covenant Logistics Group Inc’s operating margin was 5.41% while its return on assets stood at 5.66% with a return of equity of 28.01%.
In Q1, Covenant Logistics Group Inc’s quarterly earnings growth was a negative -9% while revenue growth was a negative 8.5%.
Covenant Logistics Group Inc’s PE and PEG Ratio
- Forward PE
- 8.9526
- Trailing PE
- 5.5063
- PEG
Its diluted EPS in the last 12-months stands at $7.11 per share while it has a forward price to earnings multiple of 8.9526 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Covenant Logistics Group Inc’s profitability.
Covenant Logistics Group Inc stock is trading at a EV to sales ratio of 0.4849 and a EV to EBITDA ratio of 2.8218. Its price to sales ratio in the trailing 12-months stood at 0.4135.
Covenant Logistics Group Inc stock pays annual dividends of $0.333 per share, indicating a yield of 1.14% and a payout ratio of 6.97%.
Balance sheet and cash flow metrics
- Total Assets
- $764.86 million
- Total Liabilities
- $139.04 million
- Operating Cash Flow
- $7.08 million
- Capital Expenditure
- $16.22 million
- Dividend Payout Ratio
- 6.97%
Covenant Logistics Group Inc ended 2024 with $764.86 million in total assets and $0 in total liabilities. Its intangible assets were valued at $764.86 million while shareholder equity stood at $371.16 million.
Covenant Logistics Group Inc ended 2024 with $96.75 million in deferred long-term liabilities, $139.04 million in other current liabilities, 185000.00 in common stock, $344.64 million in retained earnings and $58.22 million in goodwill. Its cash balance stood at $64.97 million and cash and short-term investments were $64.97 million. The company’s total short-term debt was $36,772,000 while long-term debt stood at $0.
Covenant Logistics Group Inc’s total current assets stands at $64.97 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $122.15 million compared to accounts payable of $28.29 million and inventory worth $3.31 million.
In 2024, Covenant Logistics Group Inc's operating cash flow was $7.08 million while its capital expenditure stood at $16.22 million.
Comparatively, Covenant Logistics Group Inc paid $0.07 in dividends in 2024.
Other key metrics
- Current Trading Price
- $45.08
- 52-Week High
- $42.9359
- 52-Week Low
- $21.0827
- Analyst Target Price
- $46.67
Covenant Logistics Group Inc stock is currently trading at $45.08 per share. It touched a 52-week high of $42.9359 and a 52-week low of $42.9359. Analysts tracking the stock have a 12-month average target price of $46.67.
Its 50-day moving average was $49.42 and 200-day moving average was $39.7 The short ratio stood at 5.82 indicating a short percent outstanding of 0%.
Around 2946.5% of the company’s stock are held by insiders while 7122.1% are held by institutions.
Frequently Asked Questions About Covenant Logistics Group Inc
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About
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.