USA Truck (USAK) Getting Somewhat Favorable Press Coverage, Report Finds
Media stories about USA Truck (NASDAQ:USAK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. USA Truck earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.6999741381018 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of USA Truck (NASDAQ:USAK) traded up 4.93% during mid-day trading on Friday, hitting $11.70. 76,675 shares of the stock traded hands. The firm’s 50 day moving average price is $9.35 and its 200 day moving average price is $8.02. The firm’s market cap is $93.92 million. USA Truck has a 12-month low of $5.73 and a 12-month high of $12.34.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.24. The company had revenue of $107.40 million during the quarter, compared to analysts’ expectations of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, equities research analysts predict that USA Truck will post ($0.96) EPS for the current fiscal year.
Several research firms recently commented on USAK. Cowen and Company restated an “outperform” rating and set a $10.00 price target (up previously from $8.00) on shares of USA Truck in a research report on Friday, August 4th. Zacks Investment Research lowered shares of USA Truck from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. USA Truck presently has an average rating of “Hold” and a consensus target price of $8.63.
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In related news, CFO Jason R. Bates purchased 8,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $8.23 per share, for a total transaction of $69,955.00. Following the acquisition, the chief financial officer now directly owns 33,732 shares of the company’s stock, valued at approximately $277,614.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Enzor purchased 7,500 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $8.20 per share, with a total value of $61,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 17,050 shares of company stock valued at $139,967 in the last quarter. Insiders own 3.50% of the company’s stock.
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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