Custom Truck One Source (NYSE:CTOS) Releases Earnings Results, Hits Expectations

Custom Truck One Source (NYSE:CTOS) released its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, FiscalAI reports. The business had revenue of $495.22 million during the quarter, compared to analyst estimates of $516.51 million. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%.

Custom Truck One Source Stock Down 0.2%

Shares of NYSE:CTOS traded down $0.01 during trading on Monday, hitting $9.04. The stock had a trading volume of 884,649 shares, compared to its average volume of 975,586. The company has a market capitalization of $2.06 billion, a PE ratio of 100.50 and a beta of 1.43. The company has a quick ratio of 0.29, a current ratio of 1.34 and a debt-to-equity ratio of 2.03. The firm’s fifty day moving average is $9.36 and its 200 day moving average is $9.70. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Custom Truck One Source in a report on Tuesday, September 15th. Cantor Fitzgerald lifted their price target on shares of Custom Truck One Source from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Robert W. Baird boosted their price objective on shares of Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer boosted their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.