Share on StockTwits

Roadrunner Transportation Systems Inc (NASDAQ:RRTS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.37-0.41 for the period, compared to the Thomson Reuters consensus estimate of $0.41, StockRatingsNetwork.com reports. The company issued revenue guidance of $455-480 million, compared to the consensus revenue estimate of $454.92 million.

Roadrunner Transportation Systems Inc (NASDAQ:RRTS) traded up 3.95% during mid-day trading on Wednesday, hitting $27.60. 465,607 shares of the company’s stock traded hands. Roadrunner Transportation Systems Inc has a one year low of $21.17 and a one year high of $30.98. The stock has a 50-day moving average of $27.79 and a 200-day moving average of $25.83. The company has a market cap of $1.045 billion and a price-to-earnings ratio of 20.94.

Roadrunner Transportation Systems (NASDAQ:RRTS) last announced its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.02. The company had revenue of $460.20 million for the quarter, compared to the consensus estimate of $439.71 million. During the same quarter last year, the company posted $0.38 earnings per share. Roadrunner Transportation Systems’s revenue was up 38.7% compared to the same quarter last year. On average, analysts predict that Roadrunner Transportation Systems Inc will post $1.46 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on RRTS shares. Analysts at Raymond James upgraded shares of Roadrunner Transportation Systems from a market perform rating to an outperform rating in a research note on Wednesday. They now have a $31.00 price target on the stock. Analysts at Stifel Nicolaus reiterated a buy rating on shares of Roadrunner Transportation Systems in a research note on Thursday, May 1st. They now have a $29.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Roadrunner Transportation Systems has an average rating of Buy and an average target price of $30.55.

Roadrunner Transportation Systems, Inc (NASDAQ:RRTS) is a transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions, and domestic and international air.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.