Essex Rental Corporation (ESSX) Announces Quarterly Results
Essex Rental Corporation (NASDAQ:ESSX) announced its earnings results on Wednesday. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $0.02, ARN reports. The company had revenue of $25.51 million for the quarter, compared to the consensus estimate of $25.40 million.
Essex Rental Corporation (NASDAQ:ESSX) traded up 4.15% on Wednesday, hitting $2.51. The stock had a trading volume of 47,176 shares. Essex Rental Corporation has a 1-year low of $2.03 and a 1-year high of $4.55. The stock has a 50-day moving average of $2.38 and a 200-day moving average of $2.85. The company’s market cap is $62.2 million.
On a related note, analysts at Oppenheimer cut their price target on shares of Essex Rental Corporation from $4.00 to $3.50 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock.
Essex Rental Corp. conducts its operations through Essex Crane Rental Corp (NASDAQ:ESSX).
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