US Xpress Enterprises (NYSE:USX) announced its earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.33, MarketWatch Earnings reports. The company had revenue of $422.48 million for the quarter, compared to analyst estimates of $420.27 million. US Xpress Enterprises had a negative return on equity of 0.87% and a negative net margin of 0.62%.

USX traded up $0.71 during trading on Thursday, reaching $9.49. 40,722 shares of the company were exchanged, compared to its average volume of 353,674. The stock has a market cap of $468.60 million, a P/E ratio of -39.92 and a beta of 2.00. The firm has a 50 day moving average of $6.19 and a 200 day moving average of $4.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.58. US Xpress Enterprises has a 52 week low of $2.65 and a 52 week high of $8.79.

Several research firms recently issued reports on USX. Bank of America raised US Xpress Enterprises from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.00 to $9.00 in a research report on Wednesday. ValuEngine lowered US Xpress Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. Zacks Investment Research raised US Xpress Enterprises from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on US Xpress Enterprises from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BofA Securities raised US Xpress Enterprises from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.00 to $9.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $8.25.

In other US Xpress Enterprises news, Director Jon Beizer purchased 6,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $5.10 per share, with a total value of $30,600.00. Following the completion of the purchase, the director now owns 30,354 shares in the company, valued at approximately $154,805.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lisa M. Pate sold 20,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $7.04, for a total value of $140,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 96,331 shares of company stock valued at $427,468. 29.79% of the stock is owned by company insiders.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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Earnings History for US Xpress Enterprises (NYSE:USX)

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