USA Truck (USAK) Releases Quarterly Earnings, Beats Estimates By $0.04 EPS
USA Truck (NASDAQ:USAK) issued its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.04, ARN reports. The company had revenue of $141.80 million for the quarter, compared to the consensus estimate of $137.03 million. During the same quarter last year, the company posted ($0.59) earnings per share. USA Truck’s revenue was up 14.0% compared to the same quarter last year.
USA Truck (NASDAQ:USAK) opened at 9.05 on Thursday. USA Truck has a 52 week low of $2.65 and a 52 week high of $9.33. The stock has a 50-day moving average of $7.09 and a 200-day moving average of $6.21. The company’s market cap is $93.4 million.
USAK has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of USA Truck from a “hold” rating to a “buy” rating in a research note to investors on Monday. On the ratings front, analysts at Zacks downgraded shares of USA Truck to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $6.90 price target on the stock. Finally, analysts at Sidoti upgraded shares of USA Truck from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th.
In other USA Truck news, major shareholder Knight Transportation Inc acquired 11,235 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average price of $8.93 per share, for a total transaction of $100,328.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States, into and out of Mexico and into and out of portions of Canada.
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