Student Transportation Inc (STB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Student Transportation Inc (STB) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.03. The company posted revenue of $173.20 million in the period, compared to analysts expectations of $167.40 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Student Transportation Inc opened for trading at $4.75 and hit $4.83 on the upside on Tuesday, eventually ending the session at $4.8, with a gain of 1.27% or 0.06 points. The heightened volatility saw the trading volume jump to 60,533 shares. Company has a market cap of $464 M.

Student Transportation Inc. (STI) is North America’s provider of student transportation solutions operating nearly 13000 vehicles. STI’s family of local companies delivers transportation management logistics and technology solutions to a range of customers throughout the United States and Canada. Services are delivered by drivers dispatchers maintenance technicians terminal managers information technology professionals and others who are caring members of their local communities.

Student Transportation Inc

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