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Covenant Transportation Group Inc (CVTI.OQ)

CVTI.OQ on NASDAQ Stock Exchange Global Select Market

15.98USD
18 Oct 2019
Change (% chg)

$-0.25 (-1.51%)
Prev Close
$16.23
Open
$15.40
Day's High
$16.55
Day's Low
$15.40
Volume
113,199
Avg. Vol
44,337
52-wk High
$26.63
52-wk Low
$13.27

Latest Key Developments (Source: Significant Developments)

Covenant Transportation Sees Q2 Adj EPS $0.34-$0.35
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Covenant Transportation Group Inc ::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.  Full Article

Covenant Transportation Sees Q1 Adjusted Net Income In Range Of $0.18 To $0.26 Per Diluted Share
Tuesday, 19 Mar 2019 

March 18 (Reuters) - Covenant Transportation Group Inc ::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.  Full Article

Covenant Transportation Group Q4 Earnings Per Share $0.89
Thursday, 24 Jan 2019 

Covenant Transportation Group Inc ::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.  Full Article

Covenant Transportation Group Announces Q3 Financial And Operating Results
Wednesday, 24 Oct 2018 

Oct 23 (Reuters) - Covenant Transportation Group Inc ::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.  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-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.