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

Custom Truck One Source (NYSE:CTOS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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) last released its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). Custom Truck One Source had a negative net margin of 0.75% and a negative return on equity of 1.51%. The business had revenue of $423.00 million during the quarter, compared to analyst estimates of $456.23 million. During the same period last year, the business earned $0.05 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. 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 Price Performance

Shares of CTOS stock opened at $3.31 on Wednesday. The stock has a 50 day moving average of $3.75 and a two-hundred day moving average of $4.36. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 1.78. Custom Truck One Source has a 12 month low of $3.03 and a 12 month high of $7.00. The company has a market capitalization of $795.78 million, a P/E ratio of 33.10 and a beta of 0.62.

Insider Buying and Selling

In other Custom Truck One Source news, Director Energy Capital Partners Manage sold 18,640 shares of Custom Truck One Source stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $4.17, for a total value of $77,728.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Thomas R. Rich bought 26,200 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $3.84 per share, with a total value of $100,608.00. Following the purchase, the insider now owns 224,778 shares of the company’s stock, valued at approximately $863,147.52. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Energy Capital Partners Manage sold 18,640 shares of Custom Truck One Source stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $4.17, for a total value of $77,728.80. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CTOS has been the subject of a number of research reports. Oppenheimer reduced their price objective on Custom Truck One Source from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on Custom Truck One Source from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5.88.

Custom Truck One Source Company Profile

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).