Brokerages predict that US Xpress Enterprises Inc (NYSE:USX) will report sales of $440.13 million for the current quarter, Zacks reports. Two analysts have made estimates for US Xpress Enterprises’ earnings. The highest sales estimate is $467.65 million and the lowest is $412.60 million. US Xpress Enterprises reported sales of $460.23 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.4%. The company is scheduled to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that US Xpress Enterprises will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.77 billion. For the next financial year, analysts forecast that the firm will report sales of $1.77 billion, with estimates ranging from $1.72 billion to $1.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover US Xpress Enterprises.
US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. The business had revenue of $413.86 million during the quarter, compared to analysts’ expectations of $426.58 million. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year.
NYSE:USX traded down $0.18 during mid-day trading on Friday, reaching $3.43. The company’s stock had a trading volume of 6,938 shares, compared to its average volume of 332,956. US Xpress Enterprises has a 1 year low of $3.60 and a 1 year high of $16.34. The stock has a fifty day moving average of $4.51 and a 200-day moving average of $6.30. The firm has a market capitalization of $176.71 million and a PE ratio of 2.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.06.
In other news, Director John C. Rickel purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average cost of $3.83 per share, with a total value of $38,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 34.85% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Mutual Advisors LLC purchased a new stake in US Xpress Enterprises during the second quarter worth approximately $380,000. Zimmer Partners LP increased its position in US Xpress Enterprises by 4.9% during the second quarter. Zimmer Partners LP now owns 2,898,157 shares of the company’s stock worth $14,897,000 after buying an additional 135,189 shares during the period. Price T Rowe Associates Inc. MD increased its position in US Xpress Enterprises by 12.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,676,050 shares of the company’s stock worth $8,615,000 after buying an additional 183,811 shares during the period. Cito Capital Group LLC increased its position in US Xpress Enterprises by 37.5% during the second quarter. Cito Capital Group LLC now owns 22,000 shares of the company’s stock worth $113,000 after buying an additional 6,000 shares during the period. Finally, Vanguard Group Inc. increased its position in US Xpress Enterprises by 23.4% during the second quarter. Vanguard Group Inc. now owns 1,135,807 shares of the company’s stock worth $5,837,000 after buying an additional 215,471 shares during the period. 37.11% of the stock is owned by institutional investors and hedge funds.
About US Xpress Enterprises
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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