Wall Street analysts expect USA Truck, Inc. (NASDAQ:USAK) to post $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for USA Truck’s earnings. USA Truck reported earnings per share of ($0.55) in the same quarter last year, which indicates a positive year over year growth rate of 123.6%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that USA Truck will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $0.95 to $1.45. For the next financial year, analysts forecast that the company will post earnings of $2.50 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow USA Truck.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.27. USA Truck had a net margin of 1.68% and a negative return on equity of 7.58%. The business had revenue of $117.80 million for the quarter, compared to the consensus estimate of $116.80 million. During the same period in the prior year, the firm earned ($0.25) earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year.
Several analysts have issued reports on the company. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 9th. Stephens raised USA Truck from an “equal” rating to a “weight” rating in a research note on Friday, February 2nd. Cowen raised their price target on USA Truck from $16.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, TheStreet upgraded USA Truck from a “d” rating to a “c” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. USA Truck currently has an average rating of “Buy” and an average target price of $21.67.
Several hedge funds have recently bought and sold shares of USAK. Citigroup Inc. lifted its position in shares of USA Truck by 44.0% during the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after buying an additional 4,470 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of USA Truck by 16.4% during the 2nd quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock valued at $2,266,000 after buying an additional 36,911 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of USA Truck by 37.1% during the 2nd quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock valued at $582,000 after buying an additional 18,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of USA Truck by 67.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock valued at $450,000 after buying an additional 20,915 shares in the last quarter. Finally, BlueCrest Capital Management Ltd lifted its position in shares of USA Truck by 12.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock valued at $243,000 after buying an additional 3,105 shares in the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
USA Truck (USAK) opened at $25.95 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05. USA Truck has a 52-week low of $5.73 and a 52-week high of $27.45.
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About USA Truck
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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