USA Truck, Inc. (NASDAQ:USAK) announced its quarterly earnings results on Thursday. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $108.05 million. During the same quarter in the previous year, the business earned ($0.09) EPS. USA Truck’s revenue was up 8.2% compared to the same quarter last year.
USA Truck (NASDAQ:USAK) traded up $0.01 during mid-day trading on Friday, hitting $14.40. The company’s stock had a trading volume of 56,620 shares, compared to its average volume of 59,074.
A number of research analysts recently issued reports on the company. Cowen and Company restated an “outperform” rating and set a $10.00 price target (up previously from $8.00) on shares of USA Truck in a report on Friday, August 4th. Zacks Investment Research upgraded USA Truck from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine upgraded USA Truck from a “strong sell” rating to a “sell” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $15.00 in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $10.75.
In related news, Director Gary Enzor purchased 7,500 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $8.20 per share, with a total value of $61,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason R. Bates purchased 8,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $8.23 per share, for a total transaction of $69,955.00. Following the completion of the transaction, the chief financial officer now owns 33,732 shares in the company, valued at $277,614.36. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,050 shares of company stock worth $139,967 in the last quarter. Company insiders own 3.50% 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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