CPI Aerostructures Announces Fourth Quarter and Full Year 2015 Results
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Canaccord Genuity Cuts Price Target on CPI Aerostructures (CVU) as A-10 Outlook Remains Uncertain
March 29, 2016 10:44 AM EDTCanaccord Genuity maintained a Buy rating on CPI Aerostructures (NYSE: CVU), and cut the price target to $10.00 (from $12.00), following the company's 4Q. While the uncertainty surrounding the A-10 program is likely to continue well into 2016, Canaccord Genuity agrees the fundamentals with this program are improved, and the... More
CPI Aerostructures (CVU) Misses Q4 EPS by 24c
March 28, 2016 6:42 AM EDTCPI Aerostructures (NYSE: CVU) reported Q4 EPS of $0.08, $0.24 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $31.6 million versus the consensus estimate of $27.9 million.
Total backlog as of December 31, 2015 was $387,316,000 compared with $403,648,000 as of December 31, 2014. Government contracts account for... More
