Updating the Fundamentals on Celadon Group Inc. (NYSE:CGI)


The EPS of $(0.06) that Celadon Group Inc. (NYSE:CGI) reported in the latest quarter came from sales of 265.73M%. Sales increased -3.50%% from the prior quarter, while EPS increased -123.30%% also from the prior quarter.

To generate 265.73M% in sales, the company invested $254.37M, with that being the cost of goods sold. Its gross margin for the quarter came to $11.36M after deducting the cost of goods sold from the sales figure.

Let?s look into the charts of the stock

The Barchart Technical Opinion rating is a 96% Sell with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

Can Celadon Group Inc. fund its operations in the foreseeable future? The company finished the latest quarter with cash balance of 6.14M%. It generated free cash flow of $57.18M in the quarter, with operating activities producing $67.49M in net cash flow.

Looking deeper into Celadon Group Inc.’s liquidity, you see that its current ratio exiting the most recent quarter was 0.90, which quick ratio for the same period was 0.90.

Celadon Group Inc. concluded the quarter with debt totaling 84.35M%, implying that debt increased/decreased by growing from the past quarter.

That said, the company’s long-term debt/equity ratio and debt/equity ratios were at 0.80 and 1.03, respectively.

Celadon Group Inc.’s total assets at the end of the latest quarter were $981.72M, while total liabilities were $613.5M.

Analysts on the average have a recommendation of 2.20 on the stock Celadon Group Inc.. In deciphering the analyst recommendation, investors should keep in mind that a recommendation of 1 signifies BUY, 3 indicates HOLD and 5 implies SELL.

As for the price target, analysts are expecting the stock to hit $11.00 by the end of the next 12 months. Considering the stock?s prevailing price of $2.25, you can see what analyst expect to happen to the price down the line.

To trade at the current price of $2.25, the stock has over the last 12 months traded in the range of a low of $73.08% and a high of $-81.10%.

Celadon Group Inc. (NYSE:CGI) today announced that on May 2, 2017, it received a notice from the New York Stock Exchange (the “NYSE”) notifying the Company of its failure to meet a NYSE listing standard. The failure resulted from the Company’s independent auditor’s withdrawal of its reports related to the Company’s Form 10-K for the fiscal year ended June 30, 2016, and Form 10-Qs for the quarters ended September 30 and December 31 2016, respectively (the “Delinquent Periods”). The withdrawal constitutes a “Filing Delinquency” under Section 802.01E (SEC Annual and Quarterly Report Timely Filing Criteria) of the NYSE Listed Company Manual. The Company previously disclosed the withdrawal of its auditor’s reports on May 1, 2017 in a press release and Form 8-K, which resulted in the NYSE’s notification of a Filing Delinquency. This notification and the related process described below are to be expected and are part of the NYSE’s normal compliance process when a listed company’s auditor withdraws an audit report.