In yesterday’s Wall Street session, U.S. Xpress Enterprises Inc. (NYSE:USX) shares traded at $1.97, down -4.37% from the previous session.
As of this writing, 6 analysts cover U.S. Xpress Enterprises Inc. (NYSE:USX). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $2.15, we find $2.25. Given the previous closing price of $2.06, this indicates a potential upside of 9.22 percent. USX stock price is now -1.62% away from the 50-day moving average and -25.61% away from the 200-day moving average. The market capitalization of the company currently stands at $99.47M.
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There are 4 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $2.47 as their price target over the next twelve months.
On January 06, 2022, Wolfe Research Downgraded its previous ‘Peer Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $5, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Johnson Bryan A., Chief Transformation Officer bought 7,500 shares of the company’s stock on May 31. The stock was bought for $22,199 at an average price of $2.96. Upon completion of the transaction, the Chief Transformation Officer now directly owns 41,278 shares in the company, valued at $81317.66. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, EVP, Chief Legal Off., Sec. Harwell Nathan H sold 10,097 shares of the business’s stock. A total of $31,489 was realized by selling the stock at an average price of $3.12. This leaves the insider owning 71,820 shares of the company worth $0.14 million. Insiders disposed of 44,330 shares of company stock worth roughly $87330.1 over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in USX stock. A new stake in U.S. Xpress Enterprises Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $5,424,000. CRESSET ASSET MANAGEMENT, LLC invested $304,000 in shares of USX during the first quarter. In the first quarter, PARAMETRIC PORTFOLIO ASSOCIATES LLC acquired a new stake in U.S. Xpress Enterprises Inc. valued at approximately $221,000. FIRST QUADRANT LLC/CA acquired a new stake in USX for approximately $19,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in USX valued at around $6,000 in the second quarter. In total, there are 93 active investors with 46.10% ownership of the company’s stock.
Monday morning saw U.S. Xpress Enterprises Inc. (NYSE: USX) opened at $2.0700. During the past 12 months, U.S. Xpress Enterprises Inc. has had a low of $1.46 and a high of $5.44. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for USX is $2.0024 and a two-hundred day moving average price translates $2.6481 for the stock.
The latest earnings results from U.S. Xpress Enterprises Inc. (NYSE: USX) was released for Jun, 2022. According to the Trucking Company, earnings per share came in at -$0.05, missing analysts’ expectations of $0.05 by -0.1. This compares to -$0.11 EPS in the same period last year. The net profit margin was -1.60% and return on equity was -12.90% for USX. The company reported revenue of $547.83 million for the quarter, compared to $491.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.54 percent. For the current quarter, analysts expect USX to generate $544.72M in revenue.
U.S. Xpress Enterprises Inc.(USX) 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 over-the-road trucking and contract services. The Brokerage segment provides non-asset-based freight brokerage services. The company offers customers a portfolio of services using its asset-based truckload fleet and third-party carriers through its non-asset-based truck brokerage network. As of December 31, 2021, its fleet consisted of approximately 6,400 tractors and 13,600 trailers, including 1,200 tractors provided by independent contractors. The company was founded in 1985 and is headquartered in Chattanooga, Tennessee.
