US Xpress Enterprises (NYSE:USX) Announces Earnings Results

US Xpress Enterprises (NYSE:USX) posted its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09), Briefing.com reports. US Xpress Enterprises had a net margin of 1.74% and a return on equity of 20.00%. The firm had revenue of $413.86 million for the quarter, compared to analysts’ expectations of $426.58 million. During the same period in the prior year, the company posted $0.79 earnings per share. US Xpress Enterprises’s quarterly revenue was down 8.0% compared to the same quarter last year.

USX stock opened at $4.65 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81. US Xpress Enterprises has a one year low of $3.80 and a one year high of $16.34. The stock has a market capitalization of $237.70 million and a price-to-earnings ratio of 5.09. The firm’s 50-day moving average price is $4.95.

USX has been the subject of a number of analyst reports. Bank of America lowered shares of US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Stephens lowered shares of US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.25.

In other US Xpress Enterprises news, insider William Eric Fuller sold 85,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $5.91, for a total transaction of $502,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Rickel acquired 5,000 shares of US Xpress Enterprises stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of $5.98 per share, with a total value of $29,900.00. The disclosure for this purchase can be found here. 34.85% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in shares of US Xpress Enterprises by 1,533.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock valued at $32,000 after purchasing an additional 4,477 shares during the period. Virtu Financial LLC acquired a new position in US Xpress Enterprises in the first quarter worth approximately $71,000. Millennium Management LLC acquired a new position in US Xpress Enterprises in the fourth quarter worth approximately $83,000. Cito Capital Group LLC acquired a new position in US Xpress Enterprises in the first quarter worth approximately $106,000. Finally, New York State Common Retirement Fund acquired a new position in US Xpress Enterprises in the fourth quarter worth approximately $131,000. Institutional investors own 35.23% of the company’s stock.

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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Earnings History for US Xpress Enterprises (NYSE:USX)

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