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

Custom Truck One Source (NYSE:CTOS) issued its quarterly earnings data on Thursday. The company reported ($0.06) EPS 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 company had revenue of $411.31 million during the quarter, compared to the consensus estimate of $455.98 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year.

Custom Truck One Source Stock Down 14.9 %

NYSE:CTOS traded down $0.73 during trading hours on Friday, reaching $4.17. 2,392,718 shares of the company traded hands, compared to its average volume of 600,693. Custom Truck One Source has a 1 year low of $3.61 and a 1 year high of $7.53. The stock 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 business’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.94. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62.

Wall Street Analyst Weigh In

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