Zacks: USA Truck, Inc. (USAK) Given $7.44 Consensus Price Target by Analysts
USA Truck, Inc. (NASDAQ:USAK) has been given a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. USA Truck’s rating score has declined by 7.3% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $7.44 for the company and are anticipating that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given USA Truck an industry rank of 159 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on USAK. Zacks Investment Research upgraded USA Truck from a “sell” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Wednesday, April 12th. Cowen and Company restated an “outperform” rating and set a $8.00 price objective (down previously from $11.00) on shares of USA Truck in a research report on Wednesday, May 3rd.
USA Truck (NASDAQ USAK) traded up 0.65% during trading on Monday, reaching $6.22. The company had a trading volume of 87,068 shares. USA Truck has a one year low of $5.73 and a one year high of $20.64. The firm’s market capitalization is $49.75 million. The firm’s 50-day moving average price is $6.57 and its 200 day moving average price is $8.15.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.55) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.45. The firm had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $108.80 million. USA Truck had a negative net margin of 2.57% and a negative return on equity of 16.02%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Equities analysts forecast that USA Truck will post ($0.38) earnings per share for the current fiscal year.
In related news, Director Gary Enzor purchased 12,500 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $6.47 per share, for a total transaction of $80,875.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert A. Peiser purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was bought at an average price of $6.39 per share, with a total value of $63,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 38,415 shares of company stock valued at $244,682. Company insiders own 3.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Horrell Capital Management Inc. raised its position in USA Truck by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $200,000 after buying an additional 100 shares in the last quarter. Geode Capital Management LLC raised its position in USA Truck by 3.8% in the first quarter. Geode Capital Management LLC now owns 57,898 shares of the transportation company’s stock valued at $425,000 after buying an additional 2,093 shares in the last quarter. State Street Corp raised its position in USA Truck by 3.5% in the fourth quarter. State Street Corp now owns 104,739 shares of the transportation company’s stock valued at $917,000 after buying an additional 3,569 shares in the last quarter. Vanguard Group Inc. raised its position in USA Truck by 1.8% in the first quarter. Vanguard Group Inc. now owns 224,766 shares of the transportation company’s stock valued at $1,652,000 after buying an additional 3,993 shares in the last quarter. Finally, Oxford Asset Management raised its position in USA Truck by 31.6% in the fourth quarter. Oxford Asset Management now owns 26,791 shares of the transportation company’s stock valued at $233,000 after buying an additional 6,437 shares in the last quarter. Institutional investors own 66.38% of the company’s stock.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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