U.S. Xpress Enterprises, Inc. (NYSE:USX) Expected to Announce Quarterly Sales of $526.83 Million

Analysts expect that U.S. Xpress Enterprises, Inc. (NYSE:USX – Get Rating) will report sales of $526.83 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for U.S. Xpress Enterprises’ earnings. The highest sales estimate is $559.00 million and the lowest is $482.49 million. U.S. Xpress Enterprises posted sales of $475.02 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The business is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that U.S. Xpress Enterprises will report full-year sales of $2.11 billion for the current year, with estimates ranging from $1.99 billion to $2.20 billion. For the next financial year, analysts forecast that the company will post sales of $2.14 billion, with estimates ranging from $2.05 billion to $2.25 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover U.S. Xpress Enterprises.

U.S. Xpress Enterprises (NYSE:USX – Get Rating) last released 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 negative net margin of 0.03% and a positive return on equity of 1.62%. During the same quarter in the previous year, the firm posted $0.05 EPS.

A number of research firms have recently issued reports on USX. Stephens cut their price objective on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a research report on Friday, April 1st. JPMorgan Chase & Co. cut shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research report on Thursday, February 10th. Finally, Zacks Investment Research upgraded shares of U.S. Xpress Enterprises from a “strong sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.13.

In other news, Director Michael L. Ducker acquired 10,000 shares of the firm’s stock in a transaction on Monday, February 14th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $36,000.00. The purchase 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 firm’s stock in a transaction dated Thursday, February 17th. The shares were bought 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. In the last quarter, insiders acquired 195,243 shares of company stock valued at $770,279. Company insiders own 31.94% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of U.S. Xpress Enterprises by 92.5% during the 3rd quarter. Royal Bank of Canada now owns 3,547 shares of the company’s stock worth $30,000 after purchasing an additional 1,704 shares during the last quarter. Citigroup Inc. increased its stake in shares of U.S. Xpress Enterprises by 241.0% during the 3rd quarter. Citigroup Inc. now owns 5,565 shares of the company’s stock worth $48,000 after purchasing an additional 3,933 shares during the last quarter. UBS Group AG increased its stake in shares of U.S. Xpress Enterprises by 2,614.4% during the 3rd quarter. UBS Group AG now owns 6,786 shares of the company’s stock worth $58,000 after purchasing an additional 6,536 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of U.S. Xpress Enterprises by 63.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,804 shares of the company’s stock worth $67,000 after purchasing an additional 3,033 shares during the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of U.S. Xpress Enterprises during the 1st quarter worth approximately $36,000. Institutional investors own 34.56% of the company’s stock.

USX stock opened at $3.08 on Monday. The stock has a market capitalization of $156.03 million, a PE ratio of -308.00, a price-to-earnings-growth ratio of 0.19 and a beta of 1.61. The company’s 50-day moving average is $3.86 and its 200-day moving average is $5.24. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.80 and a quick ratio of 0.80. U.S. Xpress Enterprises has a 1 year low of $2.95 and a 1 year high of $12.05.

U.S. Xpress Enterprises Company Profile (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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