Equities analysts forecast that US Xpress Enterprises Inc (NYSE:USX) will announce earnings per share of ($0.15) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for US Xpress Enterprises’ earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.19). US Xpress Enterprises posted earnings per share of $0.06 in the same quarter last year, which suggests a negative year-over-year growth rate of 350%. The company is expected to announce its next earnings results on Thursday, August 6th.

On average, analysts expect that US Xpress Enterprises will report full-year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.02). For the next year, analysts expect that the business will report earnings of $0.47 per share, with EPS estimates ranging from $0.37 to $0.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.01. US Xpress Enterprises had a negative net margin of 1.02% and a negative return on equity of 3.68%. The firm had revenue of $432.57 million for the quarter, compared to analyst estimates of $415.49 million.

USX has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of US Xpress Enterprises from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of US Xpress Enterprises from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Thursday, June 4th. Stifel Nicolaus cut shares of US Xpress Enterprises from a “buy” rating to a “hold” rating and reduced their target price for the company from $7.00 to $5.00 in a research report on Friday, May 1st. Morgan Stanley reduced their target price on shares of US Xpress Enterprises from $9.00 to $7.00 and set an “overweight” rating for the company in a research report on Monday, March 23rd. Finally, Bank of America reissued a “hold” rating and issued a $3.90 target price (up previously from $3.50) on shares of US Xpress Enterprises in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $7.13.

In related news, Director Jon Beizer bought 6,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of $5.10 per share, with a total value of $30,600.00. Following the completion of the acquisition, the director now owns 30,354 shares of the company’s stock, valued at $154,805.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Max L. Fuller bought 82,315 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $4.35 per share, with a total value of $358,070.25. The disclosure for this purchase can be found here. Insiders have purchased 96,331 shares of company stock valued at $427,468 in the last ninety days. 29.79% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of US Xpress Enterprises by 6.7% in the first quarter. Wells Fargo & Company MN now owns 53,372 shares of the company’s stock worth $177,000 after acquiring an additional 3,365 shares during the last quarter. UBS Group AG increased its stake in shares of US Xpress Enterprises by 46.5% in the fourth quarter. UBS Group AG now owns 24,770 shares of the company’s stock valued at $124,000 after buying an additional 7,864 shares during the period. Alliancebernstein L.P. increased its stake in shares of US Xpress Enterprises by 42.3% in the first quarter. Alliancebernstein L.P. now owns 27,900 shares of the company’s stock valued at $93,000 after buying an additional 8,300 shares during the period. SG Americas Securities LLC acquired a new position in shares of US Xpress Enterprises in the first quarter valued at approximately $36,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of US Xpress Enterprises by 36.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 43,690 shares of the company’s stock valued at $220,000 after buying an additional 11,718 shares during the period. 35.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE USX traded up $0.07 during midday trading on Wednesday, reaching $6.21. The company’s stock had a trading volume of 18,124 shares, compared to its average volume of 168,717. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.58. US Xpress Enterprises has a fifty-two week low of $2.65 and a fifty-two week high of $6.52. The stock has a market capitalization of $308.94 million, a price-to-earnings ratio of -16.89 and a beta of 2.00. The stock has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $4.77.

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 through 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.

Further Reading: How to invest in blue-chip stocks

Get a free copy of the Zacks research report on US Xpress Enterprises (USX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for US Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.