USA Truck, Inc. (USAK) Announces Earnings Results
USA Truck, Inc. (NASDAQ:USAK) posted its earnings results on Thursday. The transportation company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.10, Bloomberg Earnings reports. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The business had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $108.05 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.
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In other USA Truck news, CFO Jason R. Bates acquired 8,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average price of $8.23 per share, for a total transaction of $69,955.00. Following the completion of the purchase, the chief financial officer now directly owns 33,732 shares in the company, valued at $277,614.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Enzor acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $8.20 per share, for a total transaction of $61,500.00. The disclosure for this purchase can be found here. Insiders have bought 17,050 shares of company stock worth $139,967 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.
A number of analysts have recently commented on USAK shares. Cowen and Company reiterated a “buy” rating and set a $8.00 target price on shares of USA Truck in a research report on Tuesday, July 11th. Zacks Investment Research upgraded USA Truck from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a research report on Monday, August 28th. Finally, Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.00 to $15.00 in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.75.
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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