Covenant Logistics Net Worth
Covenant Logistics Net Worth Breakdown | CVLG |
Covenant Logistics Net Worth Analysis
Covenant Logistics' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Covenant Logistics' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Covenant Logistics' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Covenant Logistics' net worth analysis. One common approach is to calculate Covenant Logistics' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Covenant Logistics' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Covenant Logistics' net worth. This approach calculates the present value of Covenant Logistics' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Covenant Logistics' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Covenant Logistics' net worth. This involves comparing Covenant Logistics' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Covenant Logistics' net worth relative to its peers.
To determine if Covenant Logistics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Covenant Logistics' net worth research are outlined below:
| Covenant Logistics is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 66.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Covenant Logistics Groups Dividend Will Be 0.11 |
Covenant Logistics Quarterly Good Will |
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Covenant Logistics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Covenant Logistics Group,. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Covenant Logistics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 24th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Know Covenant Logistics' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Covenant Logistics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Covenant Logistics Group, backward and forwards among themselves. Covenant Logistics' institutional investor refers to the entity that pools money to purchase Covenant Logistics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 144.2 K | Charles Schwab Investment Management Inc | 2024-09-30 | 109.6 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 101.5 K | Empowered Funds, Llc | 2024-06-30 | 85.3 K | Royce & Associates, Lp | 2024-09-30 | 84.5 K | Bank Of New York Mellon Corp | 2024-06-30 | 80.2 K | Northern Trust Corp | 2024-09-30 | 80.1 K | Aqr Capital Management Llc | 2024-06-30 | 74.7 K | Franklin Resources Inc | 2024-09-30 | 70.1 K | Blackrock Inc | 2024-06-30 | 1.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 772.1 K |
Follow Covenant Logistics' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 763.24 M.Market Cap |
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Project Covenant Logistics' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.07 | 0.07 | |
| Return On Capital Employed | 0.08 | 0.07 | |
| Return On Assets | 0.06 | 0.06 | |
| Return On Equity | 0.14 | 0.14 |
When accessing Covenant Logistics' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Covenant Logistics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Covenant Logistics' profitability and make more informed investment decisions.
Evaluate Covenant Logistics' management efficiency
Covenant Logistics Group, has return on total asset (ROA) of 0.0407 % which means that it generated a profit of $0.0407 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1003 %, meaning that it created $0.1003 on every $100 dollars invested by stockholders. Covenant Logistics' management efficiency ratios could be used to measure how well Covenant Logistics manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Covenant Logistics' Return On Equity is most likely to increase slightly in the upcoming years. At this time, Covenant Logistics' Intangible Assets are most likely to increase significantly in the upcoming years. The Covenant Logistics' current Other Assets is estimated to increase to about 1.3 B, while Other Current Assets are projected to decrease to roughly 15.1 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 30.92 | 32.46 | |
| Tangible Book Value Per Share | 17.48 | 8.75 | |
| Enterprise Value Over EBITDA | 7.68 | 4.05 | |
| Price Book Value Ratio | 1.49 | 1.53 | |
| Enterprise Value Multiple | 7.68 | 4.05 | |
| Price Fair Value | 1.49 | 1.53 | |
| Enterprise Value | 254.3 M | 226.1 M |
The decision-making processes within Covenant Logistics are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Enterprise Value Revenue 0.9279 | Revenue 1.1 B | Quarterly Revenue Growth (0) | Revenue Per Share 86.188 | Return On Equity 0.1003 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Covenant Logistics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Covenant Logistics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Covenant Logistics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Covenant Logistics Corporate Filings
8K | 25th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 14th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Covenant Logistics Earnings per Share Projection vs Actual
Covenant Logistics Corporate Management
| Matisse Long | Chief Officer | Profile | |
| Samuel Hough | Executive Operations | Profile | |
| Lynn Doster | Executive Operations | Profile | |
| Troy Robertson | Senior Counsel | Profile | |
| John Tweed | Advisor CEO | Profile | |
| Joey Ballard | Executive Safety | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.44 | Earnings Share 2.97 | Revenue Per Share 86.188 | Quarterly Revenue Growth (0) |
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.