Analysts Anticipate U.S. Xpress Enterprises, Inc. (NYSE:USX) to Post -$0.03 EPS

Analysts expect U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) to post earnings of ($0.03) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for U.S. Xpress Enterprises’ earnings, with estimates ranging from ($0.12) to $0.04. U.S. Xpress Enterprises posted earnings of $0.05 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 160%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that U.S. Xpress Enterprises will report full year earnings of $0.36 per share for the current financial year, with EPS estimates ranging from ($0.02) to $0.70. For the next financial year, analysts anticipate that the company will post earnings of $0.57 per share, with EPS estimates ranging from $0.26 to $0.78. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for U.S. Xpress Enterprises.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). U.S. Xpress Enterprises had a net margin of 0.56% and a return on equity of 2.94%. The business had revenue of $531.61 million during the quarter, compared to analyst estimates of $517.90 million. During the same quarter last year, the company posted $0.15 earnings per share.

A number of equities research analysts have issued reports on USX shares. Stephens reduced their price objective on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a research note on Friday, April 1st. Zacks Investment Research downgraded shares of U.S. Xpress Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th. JPMorgan Chase & Co. downgraded shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 10th. Finally, Wolfe Research downgraded shares of U.S. Xpress Enterprises from a “market perform” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a research note on Thursday, January 6th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Sell” and an average target price of $7.13.

U.S. Xpress Enterprises stock traded up $0.09 during trading hours on Friday, reaching $3.40. 258,389 shares of the stock were exchanged, compared to its average volume of 1,289,159. The company has a market cap of $171.67 million, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 0.18 and a beta of 1.64. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.04. U.S. Xpress Enterprises has a twelve month low of $3.07 and a twelve month high of $12.05. The stock has a 50 day moving average of $4.07 and a two-hundred day moving average of $5.85.

In other news, insider Eric A. Peterson purchased 27,240 shares of the stock in a transaction on Monday, February 14th. The stock was purchased at an average price of $3.74 per share, for a total transaction of $101,877.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Max L. Fuller purchased 147,725 shares of the stock in a transaction on Thursday, February 17th. The shares were purchased at an average price of $4.02 per share, with a total value of $593,854.50. The disclosure for this purchase can be found here. Insiders bought 195,243 shares of company stock valued at $770,279 in the last three months. Company insiders own 30.54% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in USX. Morgan Stanley raised its holdings in U.S. Xpress Enterprises by 77.6% during the 2nd quarter. Morgan Stanley now owns 627,001 shares of the company’s stock worth $5,393,000 after purchasing an additional 273,942 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of U.S. Xpress Enterprises during the 3rd quarter worth approximately $198,000. Los Angeles Capital Management LLC grew its position in shares of U.S. Xpress Enterprises by 15.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 36,135 shares of the company’s stock worth $312,000 after buying an additional 4,760 shares during the period. BlackRock Inc. grew its position in shares of U.S. Xpress Enterprises by 3.3% during the 3rd quarter. BlackRock Inc. now owns 1,529,514 shares of the company’s stock worth $13,200,000 after buying an additional 48,574 shares during the period. Finally, Barclays PLC grew its position in shares of U.S. Xpress Enterprises by 223.0% during the 3rd quarter. Barclays PLC now owns 10,996 shares of the company’s stock worth $95,000 after buying an additional 7,592 shares during the period. Hedge funds and other institutional investors own 35.81% of the company’s stock.

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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