Custom Truck One Source (CTOS) Scheduled to Post Earnings on Wednesday

Custom Truck One Source (NYSE:CTOS) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Custom Truck One Source has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Custom Truck One Source (NYSE:CTOS) last announced its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The firm had revenue of $423.00 million for the quarter, compared to the consensus estimate of $456.23 million. During the same period in the prior year, the business earned $0.05 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts expect Custom Truck One Source to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Custom Truck One Source Trading Up 0.9 %

Shares of CTOS stock opened at $3.31 on Wednesday. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $4.36. Custom Truck One Source has a fifty-two week low of $3.03 and a fifty-two week high of $7.00. The stock has a market capitalization of $795.78 million, a P/E ratio of 33.10 and a beta of 0.62. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 1.78.

Analyst Ratings Changes

Several brokerages recently weighed in on CTOS. JPMorgan Chase & Co. decreased their target price on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Oppenheimer reduced their target price on Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.88.

Insider Buying and Selling

In related news, Director Energy Capital Partners Manage sold 18,640 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Thomas R. Rich bought 26,200 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $3.84 per share, with a total value of $100,608.00. Following the transaction, the insider now directly owns 224,778 shares in the company, valued at approximately $863,147.52. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Energy Capital Partners Manage sold 18,640 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).