Custom Truck One Source, Inc. (NYSE:CTOS – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $3.84 and last traded at $4.04, with a volume of 1011581 shares. The stock had previously closed at $4.23.
The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The firm had revenue of $422.23 million for the quarter, compared to the consensus estimate of $435.19 million. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share.
Analyst Ratings Changes
Several research firms have recently weighed in on CTOS. Robert W. Baird lowered Custom Truck One Source from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research note on Monday. Baird R W lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research note on Monday. Oppenheimer lifted their price objective on Custom Truck One Source from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, Stifel Nicolaus lowered their target price on shares of Custom Truck One Source from $5.50 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Custom Truck One Source has a consensus rating of “Hold” and a consensus price target of $5.25.
Institutional Investors Weigh In On Custom Truck One Source
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in Custom Truck One Source in the fourth quarter worth $29,000. R Squared Ltd acquired a new position in Custom Truck One Source during the 4th quarter worth about $39,000. Teacher Retirement System of Texas bought a new stake in Custom Truck One Source during the 1st quarter worth about $43,000. KLP Kapitalforvaltning AS acquired a new stake in Custom Truck One Source in the 4th quarter valued at about $56,000. Finally, Two Sigma Investments LP bought a new position in shares of Custom Truck One Source in the fourth quarter worth about $63,000. 90.07% of the stock is owned by institutional investors and hedge funds.
Custom Truck One Source Price Performance
The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The stock’s 50-day moving average price is $4.24 and its 200-day moving average price is $4.63. The company has a market capitalization of $883.20 million, a price-to-earnings ratio of -24.46 and a beta of 0.83.
About Custom Truck One Source
Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).
Featured Articles
- Five stocks we like better than Custom Truck One Source
- Trading Halts Explained
- The Most Inspiring Small Businesses of 2025 [Survey]
- What Are Dividend Challengers?
- Microsoft Crushes Earnings, What’s Next for MSFT Stock?
- Utilities Stocks Explained – How and Why to Invest in Utilities
- McDonald’s Insiders Sell Shares! Investors Should Do the Opposite
Receive News & Ratings for Custom Truck One Source Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Custom Truck One Source and related companies with MarketBeat.com's FREE daily email newsletter.