Equities analysts expect that US Xpress Enterprises Inc (NYSE:USX) will post earnings of $0.11 per share for the current quarter, Zacks reports. Two analysts have made estimates for US Xpress Enterprises’ earnings, with estimates ranging from $0.07 to $0.18. US Xpress Enterprises posted earnings per share of $0.36 in the same quarter last year, which indicates a negative year-over-year growth rate of 69.4%. The firm is expected to announce its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that US Xpress Enterprises will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.60. For the next fiscal year, analysts forecast that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.44 to $0.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow US Xpress Enterprises.
US Xpress Enterprises (NYSE:USX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). US Xpress Enterprises had a net margin of 1.74% and a return on equity of 19.96%. The business had revenue of $413.86 million during the quarter, compared to analysts’ expectations of $426.58 million. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was down 8.0% compared to the same quarter last year.
In other news, CAO Jason Grear purchased 7,262 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average price of $4.12 per share, for a total transaction of $29,919.44. Following the purchase, the chief accounting officer now directly owns 9,370 shares of the company’s stock, valued at approximately $38,604.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Max L. Fuller purchased 71,915 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $4.30 per share, for a total transaction of $309,234.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 124,177 shares of company stock worth $513,904 in the last 90 days. 34.85% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of USX. Bank of America Corp DE lifted its position in US Xpress Enterprises by 92.9% during the 4th quarter. Bank of America Corp DE now owns 60,972 shares of the company’s stock worth $342,000 after acquiring an additional 29,367 shares during the period. Millennium Management LLC acquired a new stake in US Xpress Enterprises during the 4th quarter worth approximately $83,000. Deutsche Bank AG lifted its position in US Xpress Enterprises by 129.6% during the 4th quarter. Deutsche Bank AG now owns 96,376 shares of the company’s stock worth $539,000 after acquiring an additional 54,408 shares during the period. BNP Paribas Arbitrage SA lifted its position in US Xpress Enterprises by 1,533.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after acquiring an additional 4,477 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its position in US Xpress Enterprises by 42.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 650,628 shares of the company’s stock worth $4,301,000 after acquiring an additional 192,939 shares during the period. 36.22% of the stock is owned by institutional investors.
Shares of USX traded down $0.09 during mid-day trading on Friday, reaching $5.06. The company’s stock had a trading volume of 260,469 shares, compared to its average volume of 317,017. US Xpress Enterprises has a 12-month low of $3.37 and a 12-month high of $15.48. The stock has a market cap of $252.11 million and a PE ratio of 3.18. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day moving average is $4.27 and its 200 day moving average is $5.81.
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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