Wall Street analysts expect US Xpress Enterprises Inc (NYSE:USX) to report $452.31 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for US Xpress Enterprises’ earnings. The lowest sales estimate is $426.30 million and the highest is $478.32 million. US Xpress Enterprises reported sales of $449.76 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The firm is expected to issue its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that US Xpress Enterprises will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.76 billion to $1.86 billion. For the next financial year, analysts anticipate that the company will report sales of $1.90 billion, with estimates ranging from $1.81 billion to $1.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for US Xpress Enterprises.
US Xpress Enterprises (NYSE:USX) last released its earnings results on Thursday, May 2nd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The business had revenue of $415.36 million during the quarter, compared to analyst estimates of $443.32 million. US Xpress Enterprises had a net margin of 1.59% and a return on equity of 24.13%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in USX. Zimmer Partners LP grew its position in US Xpress Enterprises by 10.2% during the fourth quarter. Zimmer Partners LP now owns 2,774,593 shares of the company’s stock valued at $15,565,000 after acquiring an additional 255,975 shares during the period. BlackRock Inc. grew its position in US Xpress Enterprises by 11.2% during the first quarter. BlackRock Inc. now owns 1,413,217 shares of the company’s stock valued at $9,341,000 after acquiring an additional 142,401 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in US Xpress Enterprises by 44.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,115,260 shares of the company’s stock valued at $6,257,000 after acquiring an additional 341,410 shares during the period. Vanguard Group Inc grew its position in US Xpress Enterprises by 546.4% during the third quarter. Vanguard Group Inc now owns 743,053 shares of the company’s stock valued at $10,254,000 after acquiring an additional 628,103 shares during the period. Finally, Vanguard Group Inc. grew its position in US Xpress Enterprises by 546.4% during the third quarter. Vanguard Group Inc. now owns 743,053 shares of the company’s stock valued at $10,254,000 after acquiring an additional 628,103 shares during the period. Hedge funds and other institutional investors own 32.35% of the company’s stock.
US Xpress Enterprises stock traded up $0.10 during trading on Friday, hitting $5.92. The company’s stock had a trading volume of 243,936 shares, compared to its average volume of 316,233. The firm has a market capitalization of $287.77 million and a P/E ratio of 3.72. US Xpress Enterprises has a 1-year low of $4.83 and a 1-year high of $16.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81.
US Xpress Enterprises Company Profile
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 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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