Brokerages predict that Covia Holdings (NASDAQ:CVIA) will announce earnings per share of ($0.08) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Covia’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at ($0.33). The business is scheduled to report its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Covia will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $1.46. For the next year, analysts forecast that the business will report earnings of $0.04 per share, with EPS estimates ranging from ($0.85) to $1.57. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Covia.

Covia (NASDAQ:CVIA) last posted its earnings results on Wednesday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). The firm had revenue of $523.40 million during the quarter, compared to analyst estimates of $615.07 million. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis.

A number of equities research analysts have weighed in on CVIA shares. Zacks Investment Research lowered Covia from a “hold” rating to a “strong sell” rating in a research note on Monday, August 20th. Morgan Stanley started coverage on Covia in a research note on Tuesday, September 18th. They set an “equal weight” rating and a $11.00 price objective for the company. B. Riley lowered their price objective on Covia from $27.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, September 6th. Piper Jaffray Companies restated a “buy” rating and set a $17.50 price objective on shares of Covia in a research note on Friday, August 17th. Finally, Johnson Rice lowered Covia from an “accumulate” rating to a “hold” rating in a research note on Monday, August 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Covia presently has a consensus rating of “Hold” and a consensus price target of $14.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Viking Fund Management LLC bought a new position in Covia during the 2nd quarter worth approximately $668,000. Exane Derivatives bought a new position in Covia during the 2nd quarter worth approximately $358,000. James Investment Research Inc. bought a new position in Covia during the 2nd quarter worth approximately $1,251,000. Perella Weinberg Partners Capital Management LP bought a new position in Covia during the 2nd quarter worth approximately $4,621,000. Finally, Sterling Investment Advisors Ltd. bought a new position in Covia during the 2nd quarter worth approximately $111,000.

Shares of CVIA stock traded down $0.12 during trading hours on Friday, reaching $7.06. The company had a trading volume of 1,193,377 shares, compared to its average volume of 605,751. Covia has a twelve month low of $4.59 and a twelve month high of $30.00.

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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