U.S. Xpress Enterprises, Inc. (NYSE:USX) Expected to Announce Quarterly Sales of $532.16 Million

Equities analysts expect U.S. Xpress Enterprises, Inc. (NYSE:USXGet Rating) to post sales of $532.16 million for the current quarter, Zacks reports. Three analysts have provided estimates for U.S. Xpress Enterprises’ earnings. The lowest sales estimate is $482.49 million and the highest is $575.00 million. U.S. Xpress Enterprises reported sales of $475.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 12%. The business is expected to report its next earnings results 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 financial year, with estimates ranging from $2.03 billion to $2.21 billion. For the next year, analysts anticipate that the business will report sales of $2.13 billion, with estimates ranging from $2.03 billion to $2.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow U.S. Xpress Enterprises.

U.S. Xpress Enterprises (NYSE:USXGet Rating) last released its quarterly earnings results 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 positive return on equity of 1.62% and a negative net margin of 0.03%. During the same quarter last year, the firm earned $0.05 EPS.

USX has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut U.S. Xpress Enterprises from a “neutral” rating to an “underweight” rating in a research note on Thursday, February 10th. Zacks Investment Research upgraded U.S. Xpress Enterprises from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 7th. Finally, Stephens decreased their price target on U.S. Xpress Enterprises from $5.00 to $4.50 in a research note on Friday, April 1st. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.13.

In related news, insider Eric A. Peterson purchased 27,240 shares of the business’s stock in a transaction on Monday, February 14th. The stock was acquired at an average price of $3.74 per share, with a total value of $101,877.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Max L. Fuller purchased 147,725 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were bought at an average cost of $4.02 per share, with a total value of $593,854.50. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 289,517 shares of company stock valued at $1,038,345. 31.94% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in USX. Morgan Stanley grew its holdings in U.S. Xpress Enterprises by 77.6% during the second quarter. Morgan Stanley now owns 627,001 shares of the company’s stock valued at $5,393,000 after purchasing an additional 273,942 shares during the period. SG Americas Securities LLC bought a new position in shares of U.S. Xpress Enterprises in the third quarter worth about $198,000. Los Angeles Capital Management LLC boosted its stake in shares of U.S. Xpress Enterprises by 15.2% in the third quarter. Los Angeles Capital Management LLC now owns 36,135 shares of the company’s stock worth $312,000 after acquiring an additional 4,760 shares during the period. BlackRock Inc. boosted its stake in shares of U.S. Xpress Enterprises by 3.3% in the third quarter. BlackRock Inc. now owns 1,529,514 shares of the company’s stock worth $13,200,000 after acquiring an additional 48,574 shares during the period. Finally, Barclays PLC boosted its stake in U.S. Xpress Enterprises by 223.0% during the third quarter. Barclays PLC now owns 10,996 shares of the company’s stock valued at $95,000 after buying an additional 7,592 shares during the last quarter. 34.56% of the stock is owned by institutional investors and hedge funds.

U.S. Xpress Enterprises stock traded up $0.23 during mid-day trading on Monday, hitting $3.34. The company had a trading volume of 404,460 shares, compared to its average volume of 397,639. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $5.09. U.S. Xpress Enterprises has a 12 month low of $2.54 and a 12 month high of $12.05. The company has a market capitalization of $169.20 million, a PE ratio of -334.00, a price-to-earnings-growth ratio of 0.18 and a beta of 1.61.

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.

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