Wall Street brokerages forecast that US Xpress Enterprises Inc (NYSE:USX) will post $443.75 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for US Xpress Enterprises’ earnings, with the highest sales estimate coming in at $449.76 million and the lowest estimate coming in at $432.50 million. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that US Xpress Enterprises will report full-year sales of $1.83 billion for the current financial year, with estimates ranging from $1.82 billion to $1.85 billion. For the next financial year, analysts anticipate that the business will report sales of $1.94 billion per share, with estimates ranging from $1.90 billion to $1.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last released its earnings results on Thursday, August 2nd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.45. The company had revenue of $449.80 million during the quarter, compared to analyst estimates of $446.29 million. The company’s revenue was up 21.4% on a year-over-year basis.

A number of equities analysts have issued reports on USX shares. Morgan Stanley started coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an “overweight” rating and a $25.00 price target for the company. Stephens started coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an “overweight” rating for the company. JPMorgan Chase & Co. started coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an “overweight” rating and a $20.00 price target for the company. Wells Fargo & Co began coverage on shares of US Xpress Enterprises in a research report on Monday, July 9th. They set an “outperform” rating and a $21.00 price target for the company. Finally, Bank of America began coverage on shares of US Xpress Enterprises in a report on Monday, July 9th. They set a “buy” rating and a $20.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $21.80.

USX traded down $0.07 during trading on Wednesday, reaching $14.00. 143,854 shares of the company’s stock were exchanged, compared to its average volume of 369,625. US Xpress Enterprises has a 1 year low of $12.61 and a 1 year high of $16.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.06 and a quick ratio of 1.06.

In other news, insider John William White bought 23,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $13.68 per share, with a total value of $314,640.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Eric Fuller bought 296,875 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were purchased at an average cost of $16.00 per share, with a total value of $4,750,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,008,815 shares of company stock valued at $15,189,424.

Several large investors have recently bought and sold shares of the company. Putnam Investments LLC purchased a new stake in US Xpress Enterprises in the 2nd quarter worth $12,449,000. Millennium Management LLC purchased a new stake in US Xpress Enterprises in the 2nd quarter worth $6,943,000. Scopus Asset Management L.P. purchased a new stake in US Xpress Enterprises in the 2nd quarter worth $4,879,000. Arrowgrass Capital Partners US LP purchased a new stake in US Xpress Enterprises in the 2nd quarter worth $1,514,000. Finally, Point72 Hong Kong Ltd purchased a new stake in US Xpress Enterprises in the 2nd quarter worth $387,000.

About US Xpress Enterprises

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates in two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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