USA Truck (NASDAQ:USAK) Releases Earnings Results, Beats Estimates By $0.72 EPS

USA Truck (NASDAQ:USAKGet Rating) issued its earnings results on Thursday. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.72, MarketWatch Earnings reports. USA Truck had a return on equity of 26.30% and a net margin of 3.49%. During the same period in the previous year, the firm posted $0.43 earnings per share.

USAK stock opened at $16.41 on Friday. The business has a fifty day moving average price of $19.78 and a 200 day moving average price of $19.92. USA Truck has a fifty-two week low of $13.01 and a fifty-two week high of $29.09. The stock has a market capitalization of $147.85 million, a price-to-earnings ratio of 4.31 and a beta of 1.86. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.28.

A number of hedge funds have recently added to or reduced their stakes in USAK. Morgan Stanley increased its holdings in USA Truck by 26.8% during the 2nd quarter. Morgan Stanley now owns 27,631 shares of the transportation company’s stock valued at $444,000 after purchasing an additional 5,846 shares in the last quarter. Bank of America Corp DE boosted its position in USA Truck by 66,335.5% in the 2nd quarter. Bank of America Corp DE now owns 20,595 shares of the transportation company’s stock valued at $331,000 after buying an additional 20,564 shares during the last quarter. Millennium Management LLC bought a new position in USA Truck in the 2nd quarter valued at $245,000. Invesco Ltd. boosted its position in USA Truck by 3.6% in the 3rd quarter. Invesco Ltd. now owns 13,413 shares of the transportation company’s stock valued at $205,000 after buying an additional 468 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in USA Truck by 13.8% in the 4th quarter. JPMorgan Chase & Co. now owns 24,794 shares of the transportation company’s stock valued at $493,000 after buying an additional 3,005 shares during the last quarter. 49.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. StockNews.com cut USA Truck from a “strong-buy” rating to a “buy” rating in a report on Friday, April 15th. Stephens dropped their target price on USA Truck from $27.00 to $25.00 in a report on Friday, April 1st. Cowen increased their target price on USA Truck from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, February 7th. Finally, Zacks Investment Research cut USA Truck from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 21st.

About USA Truck (Get Rating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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Earnings History for USA Truck (NASDAQ:USAK)

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