Equities analysts expect US Xpress Enterprises Inc (NYSE:USX) to announce earnings per share (EPS) of $0.38 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for US Xpress Enterprises’ earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.42. The firm is scheduled to report its next earnings results after the market closes on Thursday, November 1st.
On average, analysts expect that US Xpress Enterprises will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.00 to $1.75. For the next financial year, analysts anticipate that the firm will post earnings of $1.90 per share, with EPS estimates ranging from $1.86 to $1.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for US Xpress Enterprises.
US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.45. The company had revenue of $449.80 million for the quarter, compared to analyst estimates of $446.29 million. The company’s revenue for the quarter was up 21.4% on a year-over-year basis.
Several analysts have weighed in on USX shares. Zacks Investment Research cut US Xpress Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Morgan Stanley started coverage on US Xpress Enterprises in a report on Monday, July 9th. They set an “overweight” rating and a $25.00 price objective for the company. Stephens started coverage on US Xpress Enterprises in a report on Monday, July 9th. They set an “overweight” rating for the company. JPMorgan Chase & Co. started coverage on US Xpress Enterprises in a report on Monday, July 9th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Wells Fargo & Co started coverage on US Xpress Enterprises in a report on Monday, July 9th. They set an “outperform” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.33.
NYSE USX traded down $0.03 on Friday, hitting $9.96. 199,382 shares of the company were exchanged. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.31. US Xpress Enterprises has a 1-year low of $9.65 and a 1-year high of $16.94.
In other news, insider John William White acquired 23,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was purchased at an average cost of $13.68 per share, with a total value of $314,640.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
A number of large investors have recently made changes to their positions in the business. NJ State Employees Deferred Compensation Plan bought a new stake in US Xpress Enterprises during the 3rd quarter worth about $580,000. Northern Trust Corp bought a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $188,000. Putnam Investments LLC bought a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $12,449,000. Millennium Management LLC bought a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $6,943,000. Finally, Scopus Asset Management L.P. bought a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at about $4,879,000.
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 in 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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