Covenant Logistics Group will release Q4 earnings on January 23, 2025, followed by a conference call on January 24.
Quiver AI Summary
Covenant Logistics Group, Inc. has announced it will release its fourth quarter earnings on January 23, 2025, after 4:00 p.m. Eastern time. A live conference call to discuss the earnings will take place on January 24, 2025, at 10:00 a.m. Eastern time, with dial-in numbers provided for U.S./Canada and international participants. An audio replay of the call will be available for one week, and an extended version will be on the company's investor website. Covenant offers a variety of transportation and logistics services across the U.S., including truckload capacity and freight brokerage, and its stock is traded on the NYSE under the symbol "CVLG." For more information, individuals can contact company representatives via email.
Potential Positives
- Covenant Logistics Group is providing a transparent timeline for its upcoming fourth quarter earnings release, signaling a commitment to clear communication with investors.
- The scheduled live conference call allows direct engagement with the company's leadership, demonstrating accessibility and openness to investor inquiries.
- The availability of audio replays and additional financial information on their investor website enhances investor engagement and allows for thorough analysis of the company's performance.
Potential Negatives
- The announcement of a conference call for earnings release could indicate that the company's performance may not meet investor expectations, potentially leading to negative speculation about financial results.
- The timing of the earnings release could create uncertainty for investors, as the call is scheduled for a later date, leaving a gap where market reactions could be based on speculation rather than confirmed information.
- No specific details or achievements regarding the company's operations or financial health were provided in the press release, which may lead to concerns about transparency and investor confidence.
FAQ
When will Covenant Logistics Group release its fourth quarter earnings?
Covenant Logistics Group will release its fourth quarter earnings on January 23, 2025, after 4:00 p.m. Eastern time.
What time is the earnings conference call?
The earnings conference call will be held on January 24, 2025, at 10:00 a.m. Eastern time.
How can I participate in the conference call?
Participants can dial 877-550-1505 (U.S./Canada) or 0800-524-4760 (International) to join the call.
Will there be a replay of the conference call?
Yes, an audio replay will be available for one week after the call at 800-645-7964, access code 3895#.
Where can I find more financial information about Covenant Logistics?
Additional financial information can be found on the company's investor website at www.covenantlogistics.com/investors under "Earnings Info."
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CVLG Insider Trading Activity
$CVLG insiders have traded $CVLG stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $CVLG stock by insiders over the last 6 months:
- BRADLEY A MOLINE has traded it 2 times. They made 0 purchases and 2 sales, selling 10,000 shares.
- JOEY B HOGAN sold 8,700 shares.
- HERBERT J SCHMIDT has traded it 3 times. They made 0 purchases and 3 sales, selling 21,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CVLG Hedge Fund Activity
We have seen 67 institutional investors add shares of $CVLG stock to their portfolio, and 64 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LSV ASSET MANAGEMENT removed 119,530 shares (-37.7%) from their portfolio in Q3 2024
- FRANKLIN RESOURCES INC added 64,782 shares (+1226.7%) to their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC removed 60,504 shares (-39.4%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 58,732 shares (+51.5%) to their portfolio in Q3 2024
- FMR LLC added 44,841 shares (+3423.0%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 44,455 shares (-88.6%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 41,906 shares (+3.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHATTANOOGA, Tenn., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Thursday, January 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Friday, January 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at ww w .c o venantlogistics.com/investors under “Earnings Info.”
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the New York Stock Exchange under the symbol, “CVLG.”
For further information contact:
M. Paul Bunn, President
[email protected]
Tripp Grant, Chief Financial Officer
[email protected]
For copies of Company information contact:
Brooke McKenzie, Executive Assistant
[email protected]
