Custom Truck One Source (NYSE:CTOS) Announces Quarterly Earnings Results

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

Custom Truck One Source Stock Performance

CTOS traded down $0.73 during trading on Friday, hitting $4.17. The stock had a trading volume of 2,392,718 shares, compared to its average volume of 600,693. The firm has a market cap of $1.00 billion, a PE ratio of 41.70, a P/E/G ratio of 0.93 and a beta of 0.69. The company has a current ratio of 1.41, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Custom Truck One Source has a 12 month low of $3.61 and a 12 month high of $7.53. The company has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $5.94.

Analyst Ratings Changes

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