Covenant Logistics Group, Inc. (CVLG)
Market Cap | 586.91M |
Revenue (ttm) | 1.10B |
Net Income (ttm) | 55.23M |
Shares Out | 13.07M |
EPS (ttm) | 3.99 |
PE Ratio | 11.25 |
Forward PE | 10.51 |
Dividend | $0.44 (0.98%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 117,700 |
Open | 44.52 |
Previous Close | 44.71 |
Day's Range | 44.42 - 45.44 |
52-Week Range | 37.50 - 57.57 |
Beta | 1.42 |
Analysts | Strong Buy |
Price Target | 68.67 (+52.94%) |
Earnings Date | Apr 24, 2024 |
About CVLG
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. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using e... [Read more]
Financial Performance
In 2023, CVLG's revenue was $1.10 billion, a decrease of -9.31% compared to the previous year's $1.22 billion. Earnings were $55.23 million, a decrease of -49.18%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for CVLG stock is "Strong Buy." The 12-month stock price forecast is $68.67, which is an increase of 52.94% from the latest price.
News
Covenant Logistics Group Announces First Quarter Financial and Operating Results
CHATTANOOGA, Tenn., April 24, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the first quar...
Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call
CHATTANOOGA, Tenn., April 01, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its first quarter earnings after 4:00 p.m. Eastern time on Wednes...
Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year
CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Matthew Duncan, Vice President of Enterprise Driver Recruiting and Talent Acquisition for Covenant Logistics, has been named the 2023 Transport T...
Covenant Logistics Group Announces Quarterly Cash Dividend
CHATTANOOGA, Tenn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterl...
Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
CHATTANOOGA, Tenn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quar...
Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
CHATTANOOGA, Tenn., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Tuesda...
Covenant Logistics Group Announces Third Quarter Financial and Operating Results
CHATTANOOGA, Tenn., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the third quart...
Covenant Logistics Honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award
CHATTANOOGA, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. has been honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award. In an industry as dynamic an...
Covenant Logistics Earns Prestigious Recognition as a 2023 Top Food Chain Provider by Food Shippers of America
CHATTANOOGA, Tenn., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc (Covenant), a leading name in the logistics and transportation industry, is excited to announce its recent accolade ...
CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call
CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Covenant Logistics Group, Inc. (Nasdaq: CVLG), the wrong quarter was mentioned throughout the release, includ...
Covenant Logistics Group, Inc. Announces Timing Of Second Quarter Earnings Release And Conference Call
CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednes...
Covenant Receives Quest for Quality Award from Logistics Management
CHATTANOOGA, Tenn., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. a leading provider of transportation and logistics services in the U.S., has been awarded the Quest for Quality Awa...
Covenant Logistics Group Announces Second Quarter Financial and Operating Results
CHATTANOOGA, Tenn., July 26, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the second quar...
Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
CHATTANOOGA, Tenn., July 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern Time on Wednes...
Covenant Releases 2022 Corporate Social Responsibility Report
Findings reflect company's continued commitment to its people, communities, and the planet Findings reflect company's continued commitment to its people, communities, and the planet
Supply & Demand Chain Executive Names Covenant Logistics as a Recipient of the 2023 Top Supply Chain Projects Award
This award profiles innovative case study-type projects designed to automate, optimize, streamline, and improve the supply chain This award profiles innovative case study-type projects designed to aut...
Food Logistics Names Covenant Logistics as Recipient of 2023 Top 3PL & Cold Storage Providers Award
This award recognizes leading third-party logistics and cold storage providers in the cold food and beverage industry This award recognizes leading third-party logistics and cold storage providers in ...
Covenant buys poultry hauler and reports softer 1st quarter
Covenant Logistics used the occasion of its first-quarter earnings Thursday to disclose it had spent what could amount to more than $100 million to acquire an Arkansas trucking company primarily invol...
Covenant Logistics Group Announces First Quarter Financial and Operating Results and Acquisition
CHATTANOOGA, Tenn., April 27, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the first quar...
Covenant Announces Grand Opening of Hogan Hall and Orientation Training Center
CHATTANOOGA, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group (Covenant), a leading provider of transportation and logistics services in the U.S., announces today the grand opening o...
Covenant Logistics Group, Inc. Announces Timing Of First Quarter Earnings Release And Conference Call
CHATTANOOGA, Tenn., March 31, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Thurs...
Covenant Logistics Group Announces Increase to Quarterly Cash Dividend
CHATTANOOGA, Tenn., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that, in connection with continued monitoring of th...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Covenant Logistics Group, Inc. - CVLG
NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Covenant Logistics Group, Inc. ("Covenant" or the "Company") (NASDAQ: CVLG). Such investors are ...
Covenant Logistics Group Announces Amended Stock Repurchase Program and 10b5-1 Trading Plan
CHATTANOOGA, Tenn., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that on January 30, 2023, the Company's board of di...
SHAREHOLDER ALERT: Investigation of Covenant Logistics Group, Inc. (CVLG) Announced by Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC
Atlanta, Georgia--(Newsfile Corp. - January 31, 2023) - Holzer & Holzer, LLC is investigating whether Covenant Logistics Group, Inc. ("Covenant Logistics" or the "Company") (NASDAQ: CVLG) complied wit...