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.
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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