USA Truck (USAK) Releases Earnings Results, Misses Expectations By $-0.29 EPS

USA Truck (USAK) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $-0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.29. Analysts had a consensus of $0.19. The company posted revenue of $109.90 million in the period, compared to analysts expectations of $114.02 million. The company’s revenue was down -17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on USA Truck. Company shares were Reiterated by Cowen on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $20 .

USA Truck closed down -0.13 points or -0.67% at $19.23 with 43,403 shares getting traded on Tusday. Post opening the session at $19.24, the shares hit an intraday low of $19.23 and an intraday high of $20 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 7, 2016, Thomas M Glaser (director) purchased 2,493 shares at $19.85 per share price. According to the SEC, on May 16, 2016, Barbara J Faulkenberry (director) purchased 20 shares at $19.92 per share price. On May 11, 2016, Mary Susan Chambers (director) purchased 1,000 shares at $20.07 per share price, according to the Form-4 filing with the securities and exchange commission.

USA Truck Inc. offers a range of truckload and logistics services to a diversified customer base that spans a variety of industries. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). Trucking segment comprises the Company’s truckload and dedicated freight service offerings. SCS segment consists of the Company’s freight brokerage and rail intermodal service offerings. It transports commodities throughout the continental United States and into and out of portions of Canada. It also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo Texas. The Company’s fleet includes approximately 1987 tractors (including tractors owned by independent contractors). It primarily operates in the United States and also has operations in Mexico and Canada.

USA Truck

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