Analysts Expect US Xpress Enterprises Inc (NYSE:USX) Will Post Earnings of -$0.07 Per Share

Wall Street analysts forecast that US Xpress Enterprises Inc (NYSE:USX) will report earnings of ($0.07) per share for the current quarter, according to Zacks. Two analysts have issued estimates for US Xpress Enterprises’ earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at ($0.15). US Xpress Enterprises posted earnings of $0.39 per share in the same quarter last year, which would suggest a negative year over year growth rate of 117.9%. The firm is scheduled to issue its next earnings report on Thursday, February 6th.

According to Zacks, analysts expect that US Xpress Enterprises will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.03 to $0.25. For the next financial year, analysts expect that the firm will post earnings of $0.30 per share, with EPS estimates ranging from $0.10 to $0.50. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last posted its earnings results on Friday, November 1st. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $428.50 million for the quarter, compared to the consensus estimate of $424.24 million. During the same period in the prior year, the business earned $0.33 EPS. US Xpress Enterprises’s quarterly revenue was down 6.9% compared to the same quarter last year.

USX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded US Xpress Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. ValuEngine upgraded US Xpress Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 target price on shares of US Xpress Enterprises in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. US Xpress Enterprises has a consensus rating of “Hold” and a consensus target price of $20.00.

Shares of USX stock traded up $0.17 during trading on Monday, hitting $5.13. The company’s stock had a trading volume of 10,815 shares, compared to its average volume of 256,373. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The company has a market cap of $243.36 million and a PE ratio of 3.20. The business has a fifty day moving average of $4.89 and a 200-day moving average of $4.79. US Xpress Enterprises has a 52 week low of $3.37 and a 52 week high of $9.87.

In other news, Director Edward Hall Braman acquired 7,500 shares of US Xpress Enterprises stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $4.40 per share, with a total value of $33,000.00. Following the completion of the acquisition, the director now owns 34,202 shares in the company, valued at $150,488.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert D. Pischke acquired 15,000 shares of US Xpress Enterprises stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $4.61 per share, with a total value of $69,150.00. Following the completion of the acquisition, the insider now owns 25,000 shares of the company’s stock, valued at approximately $115,250. The disclosure for this purchase can be found here. Insiders have purchased 34,494 shares of company stock valued at $158,823 in the last 90 days. 34.85% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of USX. Zimmer Partners LP boosted its stake in US Xpress Enterprises by 4.9% in the 2nd quarter. Zimmer Partners LP now owns 2,898,157 shares of the company’s stock worth $14,897,000 after purchasing an additional 135,189 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in US Xpress Enterprises by 12.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,676,050 shares of the company’s stock valued at $8,615,000 after purchasing an additional 183,811 shares during the period. Towle & Co. purchased a new position in shares of US Xpress Enterprises during the 2nd quarter valued at $7,955,000. BlackRock Inc. grew its position in shares of US Xpress Enterprises by 1.3% during the 2nd quarter. BlackRock Inc. now owns 1,431,021 shares of the company’s stock valued at $7,356,000 after purchasing an additional 17,804 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of US Xpress Enterprises by 23.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,135,807 shares of the company’s stock valued at $5,837,000 after purchasing an additional 215,471 shares in the last quarter. Hedge funds and other 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.

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