Research Analysts Offer Predictions for Covia Holdings’ Q3 2018 Earnings (CVIA)

Covia Holdings (NASDAQ:CVIA) – Jefferies Financial Group issued their Q3 2018 earnings per share estimates for shares of Covia in a report issued on Wednesday, October 17th. Jefferies Financial Group analyst S. Pant anticipates that the company will earn $0.36 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $8.00 price objective on the stock. Jefferies Financial Group also issued estimates for Covia’s Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $1.16 EPS and FY2019 earnings at $0.60 EPS.

Covia (NASDAQ:CVIA) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.62). The business had revenue of $508.42 million for the quarter, compared to the consensus estimate of $595.59 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue was up 56.9% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Covia in a report on Thursday, August 30th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 price target on shares of Covia in a report on Wednesday, August 15th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.50 price target on shares of Covia in a report on Friday, August 17th. KeyCorp reaffirmed a “buy” rating and issued a $21.00 price target on shares of Covia in a report on Thursday, August 16th. Finally, Cowen reaffirmed a “buy” rating and issued a $19.00 price target on shares of Covia in a report on Thursday, August 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Covia presently has an average rating of “Hold” and a consensus target price of $14.22.

NASDAQ:CVIA opened at $6.40 on Friday. Covia has a one year low of $6.35 and a one year high of $30.00.

Hedge funds have recently bought and sold shares of the company. Swiss National Bank purchased a new stake in shares of Covia during the 2nd quarter worth about $1,014,000. Citadel Advisors LLC purchased a new stake in shares of Covia during the 2nd quarter worth about $193,000. American Securities LLC purchased a new stake in shares of Covia during the 2nd quarter worth about $167,701,000. Point72 Asset Management L.P. purchased a new stake in shares of Covia during the 2nd quarter worth about $24,263,000. Finally, Van ECK Associates Corp purchased a new stake in shares of Covia during the 2nd quarter worth about $15,866,000.

About Covia

There is no company description available for Covia Holdings Corp.

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Earnings History and Estimates for Covia (NASDAQ:CVIA)

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