Custom Truck One Source (NYSE:CTOS) Announces Earnings Results, Misses Expectations By $0.05 EPS

Custom Truck One Source (NYSE:CTOS) issued its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05), Briefing.com reports. Custom Truck One Source had a return on equity of 2.46% and a net margin of 1.24%. The business had revenue of $411.31 million during the quarter, compared to analyst estimates of $455.98 million. During the same quarter last year, the company posted $0.06 EPS. Custom Truck One Source’s quarterly revenue was down 9.0% compared to the same quarter last year.

Custom Truck One Source Stock Performance

NYSE CTOS traded down $0.73 during mid-day trading on Friday, reaching $4.17. 2,392,718 shares of the stock were exchanged, compared to its average volume of 600,693. The company has a market capitalization of $1.00 billion, a P/E ratio of 41.70, a P/E/G ratio of 0.79 and a beta of 0.69. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 1.41. The business’s 50 day moving average is $5.59 and its 200-day moving average is $5.94. Custom Truck One Source has a 1 year low of $3.61 and a 1 year high of $7.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CTOS shares. Robert W. Baird cut their price objective on shares of Custom Truck One Source from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their price target on Custom Truck One Source from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.00.

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).