Roadrunner Transportation Systems Inc (RRTS) was Downgraded by BB&T Capital Mkts to ” Underweight”. Earlier the firm had a rating of “Hold ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Roadrunner Transportation Systems Inc. Roadrunner Transportation Systems Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on May 5, 2016. Shares were Reiterated by Stifel on May 5, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $17 .Stifel Upgraded Roadrunner Transportation Systems Inc on Feb 16, 2016 to ” Buy”, Price Target of the shares are set at $17.
On the company’s financial health, Roadrunner Transportation Systems Inc reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.23. The company had revenue of $465.60 million for the quarter, compared to analysts expectations of $470.55 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
Roadrunner Transportation Systems Inc closed down -1.18 points or -10.31% at $10.27 with 4,87,981 shares getting traded on Wednesday. Post opening the session at $10.88, the shares hit an intraday low of $10.23 and an intraday high of $11.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 12, 2016, Peter R. Armbruster (CFO) purchased 5,000 shares at $10.46 per share price. According to the SEC, on Feb 12, 2016, Judith A. Vijums (VP and Asst. Secretary) purchased 5,000 shares at $10.03 per share price. On Feb 12, 2016, Mark A. Diblasi (CEO) purchased 10,000 shares at $10.43 per share price, according to the Form-4 filing with the securities and exchange commission.
Roadrunner Transportation Systems Inc. (RRTS) is an asset-light transportation and logistics service provider offering a suite of solutions including truckload logistics customized and expedited less-than-truckload transportation management solutions intermodal solutions (transporting a shipment by more than one mode primarily via rail and truck) freight consolidation inventory management on-demand expedited services international freight forwarding customs brokerage and global supply chain solutions. The Company operates in three segments: Truckload Logistics which offers temperature-controlled dry van intermodal drayage and flatbed services; Less-than-Truckload which involves the pickup consolidation linehaul deconsolidation and delivery of LTL shipments and Transportation Management Solutions which offers a one-stop domestic and international transportation and logistics solution.