Custom Truck One Source (NYSE:CTOS) Posts Earnings Results, Misses Expectations By $0.05 EPS

Custom Truck One Source (NYSE:CTOS) issued its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05), Briefing.com reports. Custom Truck One Source had a return on equity of 2.46% and a net margin of 1.24%. The company had revenue of $411.31 million for the quarter, compared to analyst estimates of $455.98 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis.

Custom Truck One Source Trading Down 14.9 %

Shares of Custom Truck One Source stock traded down $0.73 on Friday, hitting $4.17. 2,392,718 shares of the company’s stock traded hands, compared to its average volume of 600,693. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.41 and a quick ratio of 0.31. Custom Truck One Source has a one year low of $3.61 and a one year high of $7.53. The firm’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.94. The stock has a market capitalization of $1.00 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 0.93 and a beta of 0.69.

Analyst Ratings Changes

Several research firms have recently commented on CTOS. Robert W. Baird decreased their price target on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

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).