Custom Truck One Source (NYSE:CTOS) Announces Earnings Results

Custom Truck One Source (NYSE:CTOS - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04, Zacks reports. Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The business had revenue of $520.74 million for the quarter, compared to analysts' expectations of $539.81 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Custom Truck One Source updated its FY 2025 guidance to EPS.

Custom Truck One Source Stock Down 1.1 %

Shares of CTOS stock traded down $0.06 during mid-day trading on Friday, reaching $4.90. 716,137 shares of the company's stock traded hands, compared to its average volume of 806,744. Custom Truck One Source has a 12 month low of $3.03 and a 12 month high of $6.27. The company has a market cap of $1.14 billion, a P/E ratio of -30.59 and a beta of 0.67. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87. The company's 50-day moving average price is $4.84 and its 200-day moving average price is $4.51.

Insider Activity

In related news, major shareholder Pe One Source Holdings, Llc purchased 8,143,635 shares of the stock in a transaction dated Thursday, January 30th. The stock was purchased at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the transaction, the insider now directly owns 156,743,635 shares in the company, valued at $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

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Analysts Set New Price Targets

Separately, Oppenheimer boosted their target price on shares of Custom Truck One Source from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Thursday.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).