Equities analysts expect US Xpress Enterprises Inc (NYSE:USX) to report $484.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for US Xpress Enterprises’ earnings, with the highest sales estimate coming in at $490.00 million and the lowest estimate coming in at $480.17 million. The business is scheduled to report its next quarterly earnings results on Thursday, February 7th.

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 $1.82 billion to $1.83 billion. For the next year, analysts forecast that the business will post sales of $1.93 billion, with estimates ranging from $1.90 billion to $1.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). US Xpress Enterprises had a net margin of 1.55% and a return on equity of 43.88%. The company had revenue of $460.23 million for the quarter, compared to analyst estimates of $462.27 million. During the same period in the previous year, the business earned ($0.11) EPS. The firm’s revenue was up 18.0% on a year-over-year basis.

A number of brokerages have issued reports on USX. Zacks Investment Research lowered US Xpress Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. JPMorgan Chase & Co. decreased their price target on US Xpress Enterprises from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Morgan Stanley raised their price target on US Xpress Enterprises from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, August 6th. Finally, Bank of America decreased their price target on US Xpress Enterprises from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. US Xpress Enterprises has an average rating of “Buy” and a consensus price target of $18.67.

NYSE:USX traded down $0.21 during mid-day trading on Friday, reaching $7.26. The company’s stock had a trading volume of 4,646 shares. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. US Xpress Enterprises has a twelve month low of $6.54 and a twelve month high of $16.94.

In other news, Director John C. Rickel acquired 5,000 shares of US Xpress Enterprises stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $7.50 per share, with a total value of $37,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $114,000. Legal & General Group Plc acquired a new position in shares of US Xpress Enterprises in the 2nd quarter valued at about $152,000. Verition Fund Management LLC acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $142,000. Northern Trust Corp acquired a new position in shares of US Xpress Enterprises in the 2nd quarter valued at about $188,000. Finally, American International Group Inc. acquired a new position in shares of US Xpress Enterprises in the 3rd quarter valued at about $192,000.

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 in 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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