Custom Truck One Source (NYSE:CTOS) Announces Quarterly Earnings Results, Hits Estimates

Custom Truck One Source (NYSE:CTOS) issued its quarterly earnings results on Monday. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01, FiscalAI reports. The company had revenue of $495.22 million for the quarter, compared to the consensus estimate of $516.51 million. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.

Custom Truck One Source Stock Down 0.2%

Shares of NYSE:CTOS traded down $0.01 during trading on Monday, hitting $9.04. 885,320 shares of the company were exchanged, compared to its average volume of 977,889. The firm’s 50 day moving average price is $9.36 and its 200-day moving average price is $9.70. Custom Truck One Source has a 12-month low of $5.18 and a 12-month high of $12.23. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29. The stock has a market capitalization of $2.06 billion, a P/E ratio of 100.50 and a beta of 1.43.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTOS. Weiss Ratings raised shares of Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Robert W. Baird increased their price objective on shares of Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald raised their price objective on shares of Custom Truck One Source from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Zacks Research cut shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Oppenheimer boosted their target price on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.00.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.