CPI Aerostructures (NYSE:CVU) Announces Quarterly Earnings Results

CPI Aerostructures (NYSE:CVU) announced its quarterly earnings results on Monday. The company reported $0.26 EPS for the quarter, RTT News reports. CPI Aerostructures had a net margin of 20.63% and a return on equity of 13.98%. During the same period in the prior year, the business posted $1.38 earnings per share.

CPI Aerostructures Price Performance

Shares of CVU opened at $3.47 on Tuesday. The company has a 50 day moving average of $4.16. The stock has a market capitalization of $45.11 million, a P/E ratio of 2.53 and a beta of 1.54. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $5.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56.

Analyst Ratings Changes

Separately, StockNews.com lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

CPI Aerostructures Company Profile

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.