CPI Aerostructures, Inc. to Post Q3 2018 Earnings of $0.13 Per Share, B. Riley Forecasts (CVU)

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) – Analysts at B. Riley reduced their Q3 2018 earnings estimates for CPI Aerostructures in a research note issued to investors on Friday, October 26th. B. Riley analyst M. Crawford now expects that the aerospace company will earn $0.13 per share for the quarter, down from their prior estimate of $0.15. B. Riley also issued estimates for CPI Aerostructures’ Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.62 EPS and FY2019 earnings at $0.74 EPS.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of CPI Aerostructures from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Noble Financial upgraded shares of CPI Aerostructures from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, August 9th. Finally, Canaccord Genuity restated a “buy” rating and set a $12.00 target price on shares of CPI Aerostructures in a research report on Wednesday, August 8th.

Shares of NYSEAMERICAN CVU opened at $6.77 on Monday. CPI Aerostructures has a 1 year low of $6.38 and a 1 year high of $11.75.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its earnings results on Wednesday, August 8th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. CPI Aerostructures had a net margin of 8.19% and a return on equity of 9.55%. The firm had revenue of $20.26 million for the quarter, compared to analyst estimates of $20.50 million.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ariel Investments LLC boosted its holdings in shares of CPI Aerostructures by 11.4% in the 2nd quarter. Ariel Investments LLC now owns 776,157 shares of the aerospace company’s stock valued at $8,150,000 after purchasing an additional 79,454 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of CPI Aerostructures in the 2nd quarter valued at $414,000. Acadian Asset Management LLC acquired a new position in shares of CPI Aerostructures in the 2nd quarter valued at $124,000. Dimensional Fund Advisors LP raised its stake in shares of CPI Aerostructures by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 508,756 shares of the aerospace company’s stock valued at $4,960,000 after acquiring an additional 16,335 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of CPI Aerostructures by 8.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 136,234 shares of the aerospace company’s stock valued at $1,429,000 after acquiring an additional 10,686 shares during the period.

About CPI Aerostructures

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. It also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.

Featured Article: How to Invest in the Dividend Aristocrat Index

Earnings History and Estimates for CPI Aerostructures (NYSEAMERICAN:CVU)

Receive News & Ratings for CPI Aerostructures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Aerostructures and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply