Brokerages Expect U.S. Xpress Enterprises, Inc. (NYSE:USX) Will Announce Quarterly Sales of $532.16 Million

Wall Street brokerages expect U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) to post $532.16 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for U.S. Xpress Enterprises’ earnings. The highest sales estimate is $575.00 million and the lowest is $482.49 million. U.S. Xpress Enterprises reported sales of $475.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that U.S. Xpress Enterprises will report full-year sales of $2.12 billion for the current year, with estimates ranging from $2.03 billion to $2.21 billion. For the next financial year, analysts forecast that the company will report sales of $2.13 billion, with estimates ranging from $2.03 billion to $2.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for U.S. Xpress Enterprises.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned $0.05 EPS.

USX has been the topic of a number of analyst reports. Stephens lowered their target price on shares of U.S. Xpress Enterprises from $5.00 to $4.50 in a report on Friday, April 1st. JPMorgan Chase & Co. lowered shares of U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a 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, May 7th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.13.

Shares of NYSE USX traded up $0.23 during trading on Monday, hitting $3.34. 404,460 shares of the company traded hands, compared to its average volume of 397,639. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 0.80. U.S. Xpress Enterprises has a fifty-two week low of $2.54 and a fifty-two week high of $12.05. The firm has a market capitalization of $169.20 million, a price-to-earnings ratio of -334.00, a P/E/G ratio of 0.18 and a beta of 1.61. The business’s fifty day moving average is $3.73 and its 200 day moving average is $5.09.

In other news, Director Michael L. Ducker acquired 10,000 shares of U.S. Xpress Enterprises stock in a transaction on Monday, February 14th. The stock was acquired at an average cost of $3.60 per share, with a total value of $36,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Max L. Fuller bought 69,274 shares of U.S. Xpress Enterprises stock in a transaction dated Tuesday, May 10th. The shares were bought at an average cost of $2.87 per share, with a total value of $198,816.38. Following the completion of the transaction, the chairman now directly owns 1,158,044 shares in the company, valued at $3,323,586.28. The disclosure for this purchase can be found here. Insiders acquired a total of 289,517 shares of company stock valued at $1,038,345 over the last ninety days. 31.94% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in U.S. Xpress Enterprises by 92.5% in the 3rd quarter. Royal Bank of Canada now owns 3,547 shares of the company’s stock worth $30,000 after buying an additional 1,704 shares during the period. HHM Wealth Advisors LLC bought a new position in U.S. Xpress Enterprises in the 1st quarter worth approximately $36,000. First Quadrant LLC CA bought a new position in U.S. Xpress Enterprises in the 1st quarter worth approximately $38,000. Citigroup Inc. boosted its holdings in U.S. Xpress Enterprises by 241.0% in the 3rd quarter. Citigroup Inc. now owns 5,565 shares of the company’s stock worth $48,000 after buying an additional 3,933 shares during the period. Finally, UBS Group AG boosted its holdings in U.S. Xpress Enterprises by 2,614.4% in the 3rd quarter. UBS Group AG now owns 6,786 shares of the company’s stock worth $58,000 after buying an additional 6,536 shares during the period. 34.56% of the stock is owned by hedge funds and other institutional investors.

About U.S. Xpress Enterprises (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.

Read More

Get a free copy of the Zacks research report on U.S. Xpress Enterprises (USX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for U.S. Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.