USA Truck, Inc. (USAK) Announces Earnings Results, Beats Estimates By $0.10 EPS

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.

WARNING: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at

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.

Earnings History for USA Truck (NASDAQ:USAK)

What are top analysts saying about USA Truck Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for USA Truck Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit