Roadrunner Transportation Systems Inc (RRTS) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $0.27. The company posted revenue of $483.40 million in the period, compared to analysts expectations of $494.55 million. The company’s revenue was down -6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
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 .Roadrunner Transportation Systems Inc was Downgraded by BB&T Capital Mkts to ” Underweight” on May 5, 2016.
Roadrunner Transportation Systems Inc closed down -1.72 points or -19.13% at $7.27 with 15,11,851 shares getting traded on Thursday. Post opening the session at $7.33, the shares hit an intraday low of $6.86 and an intraday high of $7.475 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 13, 2016, Curtis W Stoelting (COO) purchased 14,100 shares at $7.93 per share price. According to the SEC, on Feb 12, 2016, Peter R. Armbruster (CFO) purchased 5,000 shares at $10.46 per share price. On Feb 12, 2016, Judith A. Vijums (VP and Asst. Secretary) purchased 5,000 shares at $10.03 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.