$0.98 Earnings Per Share Expected for USA Truck, Inc. (NASDAQ:USAK) This Quarter

Wall Street analysts expect that USA Truck, Inc. (NASDAQ:USAK – Get Rating) will report earnings of $0.98 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for USA Truck’s earnings. USA Truck posted earnings of $0.50 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 96%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that USA Truck will report full-year earnings of $3.93 per share for the current year, with EPS estimates ranging from $3.85 to $4.00. For the next financial year, analysts forecast that the firm will post earnings of $2.73 per share, with EPS estimates ranging from $2.70 to $2.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover USA Truck.

USA Truck (NASDAQ:USAK – Get Rating) last posted its earnings results on Thursday, April 28th. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.76. USA Truck had a return on equity of 32.98% and a net margin of 4.55%. The firm had revenue of $201.06 million for the quarter. During the same period in the previous year, the company posted $0.43 EPS.

USAK has been the topic of a number of recent analyst reports. Cowen increased their price target on USA Truck from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, May 2nd. Stephens cut their target price on USA Truck from $27.00 to $25.00 in a research report on Friday, April 1st. Zacks Investment Research downgraded USA Truck from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. StockNews.com upgraded USA Truck from a “buy” rating to a “strong-buy” rating in a report on Friday, May 6th. Finally, Cowen raised their target price on USA Truck from $18.00 to $24.00 in a research note on Monday, May 2nd.

Shares of USA Truck stock traded up $0.43 during trading hours on Friday, reaching $15.91. 84,245 shares of the company’s stock were exchanged, compared to its average volume of 168,099. USA Truck has a 52-week low of $13.01 and a 52-week high of $29.09. The firm has a market capitalization of $143.32 million, a price-to-earnings ratio of 4.06 and a beta of 1.89. The company has a fifty day moving average of $17.49 and a 200-day moving average of $19.75. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 1.02.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new stake in shares of USA Truck during the fourth quarter valued at approximately $3,402,000. LSV Asset Management grew its position in USA Truck by 1,355.1% during the 1st quarter. LSV Asset Management now owns 182,300 shares of the transportation company’s stock worth $3,755,000 after purchasing an additional 169,772 shares in the last quarter. Renaissance Technologies LLC purchased a new position in USA Truck during the 4th quarter worth approximately $1,773,000. Acadian Asset Management LLC grew its position in USA Truck by 35.8% during the 1st quarter. Acadian Asset Management LLC now owns 291,165 shares of the transportation company’s stock worth $5,994,000 after purchasing an additional 76,680 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in USA Truck by 277.1% during the 3rd quarter. GSA Capital Partners LLP now owns 84,364 shares of the transportation company’s stock worth $1,289,000 after purchasing an additional 61,995 shares in the last quarter. 58.92% of the stock is currently owned by hedge funds and other institutional investors.

About USA Truck (Get Rating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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