USA Truck, Inc. (NASDAQ:USAK) Expected to Post Earnings of $0.98 Per Share
Analysts predict that USA Truck, Inc. (NASDAQ:USAK – Get Rating) will report £0.98 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for USA Truck’s earnings. USA Truck reported earnings of £0.50 per share in the same quarter last year, which suggests a positive year over year growth rate of 96%.
The firm is expected to issue its next quarterly earnings report on Monday, January 1st. According to Zacks, analysts expect that USA Truck will report full-year earnings of £3.93 per share for the current year, with EPS estimates ranging from £3.85 to £4.00. For the next fiscal year, analysts expect that the firm will report earnings of £2.73 per share, with EPS estimates ranging from £2.70 to £2.75.
Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for USA Truck. USA Truck (NASDAQ:USAK – Get Rating) last released its quarterly earnings results on Friday, April 29th. The transportation company reported £1.48 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted £0.43 EPS.
A number of equities research analysts have recently issued reports on USAK shares. Cowen boosted their price target on shares of USA Truck from £18.00 to £24.00 in a report on Monday, May 2nd. Zacks Investment Research lowered shares of USA Truck from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th.
Stephens cut their price target on shares of USA Truck from £27.00 to £25.00 in a report on Friday, April 1st. StockNews.com upgraded shares of USA Truck from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th. Finally, Cowen boosted their price objective on shares of USA Truck from £18.00 to £24.00 and gave the company a “buy” rating in a research report on Monday, May 2nd.
NASDAQ USAK opened at £15.49 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 1.33.
The company’s 50 day simple moving average is £17.87 and its 200 day simple moving average is £19.89. USA Truck has a 12 month low of £13.01 and a 12 month high of £29.09. The company has a market capitalization of £139.53 million, a P/E ratio of 4.07 and a beta of 1.89.
Large investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new position in shares of USA Truck in the 1st quarter valued at £264,000. Royal Bank of Canada grew its holdings in shares of USA Truck by 32.5% in the 1st quarter.
Royal Bank of Canada now owns 24,783 shares of the transportation company’s stock worth £510,000 after purchasing an additional 6,083 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of USA Truck in the 1st quarter worth about £237,000. Goldman Sachs Group Inc. bought a new stake in USA Truck during the 1st quarter worth about £287,000.
Finally, State Street Corp grew its holdings in USA Truck by 4.1% during the 1st quarter. State Street Corp now owns 26,422 shares of the transportation company’s stock worth £544,000 after acquiring an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 58.92% of the company’s stock.
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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