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Covenant Transportation Group Inc (CVTI.OQ)

CVTI.OQ on NASDAQ Stock Exchange Global Select Market

15.57USD
15 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Covenant Transportation Group Reports Q2 Earnings Per Share $0.33
Thursday, 25 Jul 2019 

July 24 (Reuters) - Covenant Transportation Group Inc ::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.  Full Article

Covenant Transportation Group Q1 Earnings Per Share $0.24
Friday, 26 Apr 2019 

April 25 (Reuters) - Covenant Transportation Group Inc ::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.  Full Article

Covenant Transportation Group Files For Mixed Shelf Of Up To $150 Mln
Saturday, 17 Nov 2018 

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

Covenant Transportation - For Two Months Ended Feb 28 Average Freight Revenue Per Tractor Increased 6.3%
Thursday, 15 Mar 2018 

March 14 (Reuters) - Covenant Transportation Group Inc ::FOR TWO MONTHS ENDED FEB 28, 2018, AVERAGE FREIGHT REVENUE PER TRACTOR INCREASED 6.3% VERSUS LAST YEAR."TRUCKLOAD FREIGHT ENVIRONMENT HAS BEEN FAVORABLE DURING Q1 TO DATE".FLEET SIZE WAS ESSENTIALLY FLAT FOR FIRST 2 MONTHS OF 2018 VERSUS SAME 2017 PERIOD.EXPECT TO REPORT CONSOLIDATED EARNINGS FOR Q1 OF 2018 IN A RANGE OF $0.17 TO $0.23 PER DILUTED SHARE.Q1 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.  Full Article

Covenant Transportation Says Co And Units Entered Into Fourteenth Amendment To Credit Agreement Dated Sept 23, 2008
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Covenant Transportation Group Inc ::COVENANT TRANSPORTATION SAYS ‍ON NOV 28, 2017, CO AND UNITS ENTERED INTO FOURTEENTH AMENDMENT TO CREDIT AGREEMENT DATED SEPT 23, 2008 - SEC FILING​.COVENANT TRANSPORTATION GROUP - AMENDMENT EXTENDS MATURITY DATE OF CREDIT AGREEMENT FROM SEPT 23, 2018 TO SEPT 23, 2021​.  Full Article

Covenant Transportation CEO ‍David Parker and wife sells 250,000 shares of co
Saturday, 28 Oct 2017 

Oct 27 (Reuters) - Covenant Transportation Group Inc :Covenant Transportation Group - CEO ‍David Parker and his wife sold 250,000 shares of co's Class A common stock between Oct 25-27.Covenant Transportation Group - CEO Parker and his wife also ‍adopted a written sales plan for sale of up to an additional 750,000 shares.Covenant Transportation Group - the ‍sales under 10b5-1 trading plan may commence on Nov 1, 2017 and would be completed by Nov 1, 2018​.  Full Article

Covenant-loose the new norm in the private debt market

NEW YORK, Aug 15 (LPC) - The private debt market has largely been immune to the covenant-lite trend, but a recent spike in so-called covenant-loose lending suggests funds are finding ways to offer more aggressive terms while sticking to investor demands to maintain certain restrictions on borrowers.