Custom Truck One Source (NYSE:CTOS) Posts Earnings Results, Hits Estimates

Custom Truck One Source (NYSE:CTOS) announced its quarterly earnings data on Tuesday. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04, Zacks reports. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%.

Custom Truck One Source Stock Down 2.8 %

Shares of CTOS stock traded down $0.12 on Tuesday, hitting $4.02. The stock had a trading volume of 834,282 shares, compared to its average volume of 736,345. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19. The business has a 50 day moving average of $4.86 and a 200 day moving average of $4.50. Custom Truck One Source has a 12-month low of $3.03 and a 12-month high of $6.29. The stock has a market cap of $939.33 million, a price-to-earnings ratio of -25.15 and a beta of 0.79.

Insider Buying and Selling

In other Custom Truck One Source news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $4.00 per share, with a total value of $32,574,540.00. Following the completion of the transaction, the insider now owns 156,743,635 shares in the company, valued at approximately $626,974,540. This trade represents a 5.48 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Oppenheimer cut their price target on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

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).