EQPT (NASDAQ:EQPT) Announces Earnings Results

EQPT (NASDAQ:EQPT) released its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05, Zacks reports. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.54 billion.

EQPT Stock Performance

NASDAQ:EQPT traded down $0.41 on Thursday, hitting $24.13. 386,116 shares of the stock were exchanged, compared to its average volume of 1,244,452. EQPT has a fifty-two week low of $23.39 and a fifty-two week high of $35.50.

Wall Street Analysts Forecast Growth

EQPT has been the topic of several recent research reports. Zacks Research upgraded EQPT to a “hold” rating in a research report on Wednesday, February 18th. Oppenheimer began coverage on EQPT in a research report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price objective for the company. UBS Group started coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 target price for the company. Robert W. Baird assumed coverage on shares of EQPT in a research note on Tuesday, February 17th. They set an “outperform” rating and a $63.00 price target on the stock. Finally, KeyCorp initiated coverage on shares of EQPT in a report on Tuesday, February 17th. They set a “sector weight” rating for the company. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.