According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
Separately, Cowen and Company lowered their price objective on USA Truck from $26.00 to $19.00 and set an outperform rating for the company in a research note on Thursday, August 4th.
USA Truck (NASDAQ:USAK) opened at 9.50 on Thursday. The company has a 50-day moving average of $10.89 and a 200 day moving average of $16.15. The firm has a market cap of $82.97 million, a P/E ratio of 26.76 and a beta of 2.00. USA Truck has a 52 week low of $9.43 and a 52 week high of $21.46.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.29. The company had revenue of $109.90 million for the quarter, compared to the consensus estimate of $113.18 million. USA Truck had a return on equity of 10.25% and a net margin of 0.76%. USA Truck’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities analysts predict that USA Truck will post $0.43 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its position in USA Truck by 145.1% in the second quarter. Wedge Capital Management L L P NC now owns 39,700 shares of the company’s stock valued at $695,000 after buying an additional 23,500 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in USA Truck during the second quarter valued at about $127,000. State Street Corp boosted its position in USA Truck by 1.0% in the second quarter. State Street Corp now owns 106,328 shares of the company’s stock valued at $1,865,000 after buying an additional 1,016 shares during the last quarter. Alliancebernstein L.P. boosted its position in USA Truck by 226.6% in the second quarter. Alliancebernstein L.P. now owns 35,010 shares of the company’s stock valued at $613,000 after buying an additional 24,290 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its position in USA Truck by 6.6% in the second quarter. BlackRock Investment Management LLC now owns 37,459 shares of the company’s stock valued at $656,000 after buying an additional 2,303 shares during the last quarter. 73.73% of the stock is owned by institutional investors.
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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