US Xpress Enterprises Inc (NYSE:USX) Expected to Post Quarterly Sales of $430.30 Million

Wall Street brokerages predict that US Xpress Enterprises Inc (NYSE:USX) will post $430.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for US Xpress Enterprises’ earnings. The lowest sales estimate is $402.50 million and the highest is $458.09 million. US Xpress Enterprises posted sales of $449.76 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that US Xpress Enterprises will report full-year sales of $1.75 billion for the current financial year, with estimates ranging from $1.68 billion to $1.81 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.82 billion, with estimates ranging from $1.72 billion to $1.89 billion. Zacks’ sales averages are an average based on a survey of analysts that follow US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last issued its earnings results on Thursday, May 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $415.36 million during the quarter, compared to analyst estimates of $443.32 million. US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The company’s quarterly revenue was down 2.4% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Stephens downgraded shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 1st. Bank of America downgraded shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.25.

USX stock traded down $0.20 during mid-day trading on Friday, hitting $4.89. 189,673 shares of the company were exchanged, compared to its average volume of 322,615. The business has a 50 day simple moving average of $4.98. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81. The firm has a market cap of $236.73 million and a PE ratio of 3.08. US Xpress Enterprises has a 1-year low of $3.80 and a 1-year high of $16.34.

In other news, insider William Eric Fuller sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.91, for a total transaction of $502,350.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Rickel bought 5,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $29,900.00. The disclosure for this purchase can be found here. Company insiders own 34.85% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of US Xpress Enterprises by 1,533.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after purchasing an additional 4,477 shares during the period. Strs Ohio increased its stake in US Xpress Enterprises by 7.5% in the second quarter. Strs Ohio now owns 67,300 shares of the company’s stock valued at $345,000 after acquiring an additional 4,700 shares during the last quarter. Rhumbline Advisers increased its stake in US Xpress Enterprises by 55.1% in the fourth quarter. Rhumbline Advisers now owns 24,914 shares of the company’s stock valued at $140,000 after acquiring an additional 8,846 shares during the last quarter. Virtu Financial LLC bought a new position in US Xpress Enterprises in the first quarter valued at approximately $71,000. Finally, Millennium Management LLC bought a new position in US Xpress Enterprises in the fourth quarter valued at approximately $83,000. 35.23% of the stock is currently owned by institutional investors.

US Xpress Enterprises Company Profile

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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