Wall Street analysts expect that US Xpress Enterprises Inc (NYSE:USX) will report $426.73 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for US Xpress Enterprises’ earnings, with estimates ranging from $423.30 million to $430.16 million. US Xpress Enterprises posted sales of $469.22 million in the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is scheduled to announce its next earnings report on Thursday, February 6th.
On average, analysts expect that US Xpress Enterprises will report full-year sales of $1.69 billion for the current year, with estimates ranging from $1.68 billion to $1.70 billion. For the next year, analysts forecast that the business will post sales of $1.75 billion, with estimates ranging from $1.73 billion to $1.79 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover US Xpress Enterprises.
US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). US Xpress Enterprises had a return on equity of 11.75% and a net margin of 0.75%. The business had revenue of $428.50 million during the quarter, compared to analysts’ expectations of $424.24 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. US Xpress Enterprises’s quarterly revenue was down 6.9% on a year-over-year basis.
Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of US Xpress Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. ValuEngine upgraded shares of US Xpress Enterprises from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.00.
Shares of US Xpress Enterprises stock traded down $0.09 on Wednesday, hitting $4.95. The company’s stock had a trading volume of 98,082 shares, compared to its average volume of 247,812. US Xpress Enterprises has a 52-week low of $3.37 and a 52-week high of $9.87. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.21. The firm has a fifty day moving average price of $4.89 and a 200-day moving average price of $4.78. The company has a market capitalization of $242.87 million and a P/E ratio of 8.70.
In other news, insider Robert D. Pischke bought 15,000 shares of US Xpress Enterprises stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $4.61 per share, for a total transaction of $69,150.00. Following the acquisition, the insider now owns 25,000 shares in the company, valued at $115,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward Hall Braman bought 7,500 shares of US Xpress Enterprises stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $4.89 per share, for a total transaction of $36,675.00. Over the last 90 days, insiders acquired 34,494 shares of company stock worth $158,823. 34.85% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in shares of US Xpress Enterprises during the 3rd quarter worth about $54,000. LexAurum Advisors LLC purchased a new position in shares of US Xpress Enterprises during the 3rd quarter worth about $67,000. Public Employees Retirement System of Ohio purchased a new position in shares of US Xpress Enterprises during the 2nd quarter worth about $77,000. Tranquility Partners LLC purchased a new position in shares of US Xpress Enterprises during the 2nd quarter worth about $93,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of US Xpress Enterprises by 631.6% during the 2nd quarter. Acadian Asset Management LLC now owns 21,684 shares of the company’s stock worth $111,000 after acquiring an additional 18,720 shares during the period. Institutional investors own 35.54% 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.
Featured Story: Different Types of Derivatives
Get a free copy of the Zacks research report on US Xpress Enterprises (USX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for US Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.