$0.98 Earnings Per Share Expected for USA Truck, Inc. (NASDAQ:USAK) This Quarter
Wall Street brokerages forecast that USA Truck, Inc. (NASDAQ:USAK – Get Rating) will report earnings of £0.98 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for USA Truck’s earnings. USA Truck reported earnings per share of £0.50 during the same quarter last year, which would suggest a positive year-over-year growth rate of 96%.
The company is expected to issue its next quarterly earnings report on Monday, January 1st. On average, analysts expect that USA Truck will report full-year earnings of £3.93 per share for the current fiscal year, with EPS estimates ranging from £3.85 to £4.00. For the next year, analysts anticipate that the firm will report earnings of £2.73 per share, with EPS estimates ranging from £2.70 to £2.75.
Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow USA Truck.
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USA Truck (NASDAQ:USAK – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The transportation company reported £1.48 EPS for the quarter, topping the consensus estimate of £0.76 by £0.72. USA Truck had a net margin of 4.55% and a return on equity of 32.98%.
During the same period in the prior year, the business earned £0.43 earnings per share.
USAK has been the subject of several research reports. Cowen boosted their price target on shares of USA Truck from £18.00 to £24.00 and gave the stock a “buy” rating in a research note on Monday, May 2nd. Zacks Investment Research downgraded shares of USA Truck from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Stephens lowered their target price on shares of USA Truck from £27.00 to £25.00 in a research note on Friday, April 1st. StockNews.com upgraded shares of USA Truck from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 6th.
Finally, Cowen boosted their target price on shares of USA Truck from £18.00 to £24.00 in a research note on Monday, May 2nd.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAK. Barclays PLC boosted its stake in USA Truck by 246.5% in the third quarter. Barclays PLC now owns 2,155 shares of the transportation company’s stock valued at £33,000 after acquiring an additional 1,533 shares in the last quarter.
Patriot Financial Group Insurance Agency LLC acquired a new position in USA Truck in the first quarter valued at £34,000. Denali Advisors LLC purchased a new stake in shares of USA Truck in the fourth quarter valued at about £72,000. Victory Capital Management Inc. purchased a new stake in shares of USA Truck in the third quarter valued at about £103,000.
Finally, Invesco Ltd. raised its holdings in shares of USA Truck by 3.6% in the third 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. Institutional investors own 58.92% of the company’s stock.
NASDAQ:USAK opened at £15.49 on Friday. The company has a fifty day simple moving average of £17.87 and a two-hundred day simple moving average of £19.89. The company has a market cap of £139.53 million, a price-to-earnings ratio of 4.07 and a beta of 1.89.
The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 1.02. USA Truck has a 52 week low of £13.01 and a 52 week high of £29.09. 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. Featured Articles
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