$0.03 EPS Expected for U.S. Xpress Enterprises, Inc. (NYSE:USX) This Quarter

Equities research analysts predict that U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) will announce $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for U.S. Xpress Enterprises’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.09. U.S. Xpress Enterprises reported earnings per share of $0.08 during the same quarter last year, which indicates a negative year over year growth rate of 62.5%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that U.S. Xpress Enterprises will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.70. For the next financial year, analysts forecast that the business will post earnings of $0.42 per share, with EPS estimates ranging from $0.24 to $0.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for U.S. Xpress Enterprises.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. U.S. Xpress Enterprises had a positive return on equity of 1.62% and a negative net margin of 0.03%. During the same quarter in the previous year, the firm earned $0.05 earnings per share.

Several research analysts have commented on USX shares. JPMorgan Chase & Co. downgraded shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 10th. Zacks Investment Research upgraded U.S. Xpress Enterprises from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 7th. Finally, Stephens decreased their target price on U.S. Xpress Enterprises from $5.00 to $4.50 in a research report on Friday, April 1st. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.13.

In related news, Director John C. Rickel bought 25,000 shares of U.S. Xpress Enterprises stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of $2.77 per share, for a total transaction of $69,250.00. Following the completion of the acquisition, the director now directly owns 134,124 shares of the company’s stock, valued at approximately $371,523.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Ducker purchased 10,000 shares of the company’s stock in a transaction on Monday, February 14th. The stock was acquired at an average cost of $3.60 per share, for a total transaction of $36,000.00. The disclosure for this purchase can be found here. Insiders purchased 289,517 shares of company stock worth $1,038,345 over the last quarter. 31.94% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in U.S. Xpress Enterprises by 92.5% in the third quarter. Royal Bank of Canada now owns 3,547 shares of the company’s stock valued at $30,000 after buying an additional 1,704 shares during the period. Citigroup Inc. lifted its stake in U.S. Xpress Enterprises by 241.0% in the third quarter. Citigroup Inc. now owns 5,565 shares of the company’s stock valued at $48,000 after buying an additional 3,933 shares during the period. UBS Group AG lifted its stake in U.S. Xpress Enterprises by 2,614.4% in the third quarter. UBS Group AG now owns 6,786 shares of the company’s stock valued at $58,000 after buying an additional 6,536 shares during the period. BNP Paribas Arbitrage SA lifted its stake in U.S. Xpress Enterprises by 63.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,804 shares of the company’s stock valued at $67,000 after buying an additional 3,033 shares during the period. Finally, HHM Wealth Advisors LLC acquired a new position in U.S. Xpress Enterprises in the first quarter valued at approximately $36,000. 34.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE USX traded up $0.23 during midday trading on Friday, reaching $3.34. The company’s stock had a trading volume of 404,460 shares, compared to its average volume of 397,639. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Xpress Enterprises has a fifty-two week low of $2.54 and a fifty-two week high of $12.05. The business’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $5.09. The company has a market cap of $169.20 million, a P/E ratio of -334.00, a P/E/G ratio of 0.18 and a beta of 1.61.

About U.S. Xpress Enterprises (Get Rating)

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 over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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