Custom Truck One Source, Inc. (NYSE:CTOS) Expected to Announce Earnings of -$0.04 Per Share

Wall Street analysts expect that Custom Truck One Source, Inc. (NYSE:CTOSGet Rating) will announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Custom Truck One Source’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.02). Custom Truck One Source posted earnings per share of ($0.57) during the same quarter last year, which would indicate a positive year-over-year growth rate of 93%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Custom Truck One Source will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.05 to $0.14. For the next financial year, analysts forecast that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.18 to $0.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Custom Truck One Source.

Custom Truck One Source (NYSE:CTOSGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The firm had revenue of $356.44 million during the quarter, compared to the consensus estimate of $386.15 million. Custom Truck One Source had a negative return on equity of 15.48% and a negative net margin of 15.55%. During the same period last year, the company earned ($0.15) EPS.

A number of equities analysts recently commented on CTOS shares. Deutsche Bank Aktiengesellschaft lowered their target price on Custom Truck One Source from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Zacks Investment Research upgraded Custom Truck One Source from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th. Citigroup upped their price target on Custom Truck One Source from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, April 13th. Finally, Robert W. Baird started coverage on shares of Custom Truck One Source in a research report on Friday, January 14th. They issued an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $10.50.

NYSE:CTOS opened at $6.57 on Monday. Custom Truck One Source has a 52 week low of $6.09 and a 52 week high of $11.36. The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $8.22. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -5.47 and a beta of 0.25. The company has a quick ratio of 0.56, a current ratio of 1.49 and a debt-to-equity ratio of 1.53.

In related news, major shareholder Holdings L.P. Blackstone III sold 1,848,446 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $8.07, for a total value of $14,916,959.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of CTOS. Deutsche Bank AG grew its stake in Custom Truck One Source by 3.0% in the 4th quarter. Deutsche Bank AG now owns 46,290 shares of the company’s stock valued at $371,000 after acquiring an additional 1,336 shares during the last quarter. LPL Financial LLC lifted its stake in Custom Truck One Source by 5.3% in the 3rd quarter. LPL Financial LLC now owns 45,750 shares of the company’s stock valued at $427,000 after buying an additional 2,304 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Custom Truck One Source by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 343,927 shares of the company’s stock valued at $2,752,000 after buying an additional 4,640 shares during the last quarter. IndexIQ Advisors LLC increased its position in Custom Truck One Source by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 48,085 shares of the company’s stock worth $449,000 after buying an additional 4,816 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Custom Truck One Source by 2.4% in the third quarter. Invesco Ltd. now owns 233,505 shares of the company’s stock worth $2,179,000 after acquiring an additional 5,371 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Custom Truck One Source Company Profile (Get Rating)

Custom Truck One Source, Inc provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments.

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