CPI Aerostructures (NYSEAMERICAN:CVU) Posts Quarterly Earnings Results

CPI Aerostructures (NYSEAMERICAN:CVU) issued its quarterly earnings data on Wednesday. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, reports. The business had revenue of $19.08 million during the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%.

CPI Aerostructures Price Performance

Shares of NYSEAMERICAN CVU opened at $2.60 on Friday. The firm has a market cap of $33.44 million, a price-to-earnings ratio of 13.40 and a beta of 1.63. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.53 and a quick ratio of 1.44. CPI Aerostructures has a 1-year low of $2.15 and a 1-year high of $4.34.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on CPI Aerostructures in a report on Thursday. They issued a “buy” rating for the company.

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.