Custom Truck One Source (CTOS) Scheduled to Post Quarterly Earnings on Wednesday

Custom Truck One Source (NYSE:CTOS - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Custom Truck One Source to post earnings of ($0.03) per share for the quarter. Custom Truck One Source has set its FY 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Custom Truck One Source had a negative return on equity of 1.51% and a negative net margin of 0.75%. The business had revenue of $423.00 million during the quarter, compared to the consensus estimate of $456.23 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The firm's revenue was down 7.4% on a year-over-year basis. On average, analysts expect Custom Truck One Source to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Custom Truck One Source Stock Performance

Shares of CTOS stock traded down $0.05 during mid-day trading on Wednesday, reaching $3.25. 300,438 shares of the company's stock traded hands, compared to its average volume of 598,925. Custom Truck One Source has a 12 month low of $3.03 and a 12 month high of $7.00. The firm has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $4.34. The firm has a market capitalization of $781.36 million, a PE ratio of 32.40 and a beta of 0.62. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.20 and a current ratio of 1.30.

Insider Buying and Selling

In other news, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total value of $8,051,052.78. Following the transaction, the insider now owns 23,384,879 shares of the company's stock, valued at approximately $79,976,286.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Energy Capital Partners Manage sold 18,640 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total transaction of $77,728.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ecp Controlco, Llc sold 2,354,109 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $3.42, for a total transaction of $8,051,052.78. Following the completion of the transaction, the insider now directly owns 23,384,879 shares of the company's stock, valued at approximately $79,976,286.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. Oppenheimer lowered their price target on shares of Custom Truck One Source from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Custom Truck One Source has an average rating of "Moderate Buy" and an average price target of $5.88.

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).