$0.33 Earnings Per Share Expected for US Xpress Enterprises Inc (USX) This Quarter

Brokerages expect US Xpress Enterprises Inc (NYSE:USX) to report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for US Xpress Enterprises’ earnings. The company is scheduled to report its next earnings report on Thursday, November 1st.

On average, analysts expect that US Xpress Enterprises will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.74. For the next fiscal year, analysts expect that the company will report earnings of $1.89 per share, with EPS estimates ranging from $1.82 to $1.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.45. The company had revenue of $449.80 million during the quarter, compared to analysts’ expectations of $446.29 million. The company’s quarterly revenue was up 21.4% compared to the same quarter last year.

Several research analysts recently commented on the company. Morgan Stanley lifted their price target on US Xpress Enterprises from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, August 6th. Stephens began coverage on US Xpress Enterprises in a research report on Monday, July 9th. They set an “overweight” rating for the company. Bank of America began coverage on US Xpress Enterprises in a research report on Monday, July 9th. They set a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. began coverage on US Xpress Enterprises in a research report on Monday, July 9th. They set an “overweight” rating and a $20.00 target price for the company. Finally, Wells Fargo & Co began coverage on US Xpress Enterprises in a research report on Monday, July 9th. They set an “outperform” rating and a $21.00 target price for the company. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $21.80.

USX traded down $0.42 on Friday, hitting $14.07. The company had a trading volume of 2,760 shares. US Xpress Enterprises has a 12-month low of $12.61 and a 12-month high of $16.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.31.

In other US Xpress Enterprises news, insider John William White bought 23,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $13.68 per share, for a total transaction of $314,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Max L. Fuller bought 73,000 shares of the company’s stock in a transaction on Monday, July 9th. The shares were acquired at an average price of $15.47 per share, with a total value of $1,129,310.00. The disclosure for this purchase can be found here. Insiders have acquired 711,940 shares of company stock valued at $10,439,424 in the last 90 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA purchased a new stake in shares of US Xpress Enterprises in the second quarter valued at approximately $15,314,000. Sei Investments Co. purchased a new stake in shares of US Xpress Enterprises in the second quarter valued at approximately $1,341,000. Citadel Advisors LLC purchased a new stake in shares of US Xpress Enterprises in the second quarter valued at approximately $25,995,000. Penn Capital Management Co. Inc. purchased a new stake in shares of US Xpress Enterprises in the second quarter valued at approximately $1,145,000. Finally, Aristotle Capital Boston LLC purchased a new stake in shares of US Xpress Enterprises in the second quarter valued at approximately $4,812,000.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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