One Source, Inc. Custom Truck (NYSE: CTO – Get a rating) – Oppenheimer analysts raised their fiscal 2022 earnings estimates for Custom Truck One Source shares in a note to investors on Wednesday, Nov. 9. Oppenheimer analyst S. Schneeberger now expects the company to post earnings per share of $0.13 for the year, up from his previous forecast of $0.12. Custom Truck One Source’s current annual earnings consensus estimate is $0.19 per share. Oppenheimer also released estimates for Custom Truck One Source Q4 2022 earnings at $0.09 EPS, Q4 2023 earnings at $0.10 EPS, and fiscal year 2024 earnings at $0.33 EPS.
Custom Truck One Source (NYSE: CTO – Get a rating) last released its quarterly results on Tuesday, August 9. The company reported earnings per share (EPS) of $0.03 for the quarter, beating the consensus estimate of ($0.01) by $0.04. Custom Truck One Source had a negative net margin of 0.96% and a negative return on equity of 0.87%. The company posted revenue of $362.11 million for the quarter, versus analyst estimates of $379.71 million.
CTOS has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised its price target on Custom Truck One Source from $9.00 to $11.00 and gave the company a “buy” rating in a Wednesday, August 10 research note. Robert W. Baird lowered his price target on Custom Truck One Source stock from $10.00 to $9.00 in a research report Wednesday. Finally, Citigroup raised its price target on Custom Truck One Source stock to $8.50 in a Monday, August 15 research report.
One Source Trading custom truck down 15.6%
One Source Custom Truck Stock opened at $5.75 on Thursday. The company has a debt ratio of 1.56, a current ratio of 1.47 and a quick ratio of 0.46. The company has a 50-day moving average of $6.51 and a 200-day moving average of $6.15. The company has a market capitalization of $1.42 billion, a price-earnings ratio of 575.58 and a beta of 0.55. Custom Truck One Source has a one-year minimum of $4.53 and a one-year maximum of $11.36.
One Source Custom Truck Institutional Trade
A number of hedge funds have recently changed their stock holdings. Advisor Group Holdings Inc. increased its position in Custom Truck One Source by 214.1% during the first quarter. Advisor Group Holdings Inc. now owns 3,666 shares of the company worth $31,000 after acquiring 2,499 additional shares in the last quarter. Amalgamated Bank bought a new stake in Custom Truck One Source in Q1 for $52,000. Creative Planning acquired a new position in Custom Truck One Source in Q3 worth $66,000. Retirement Planning Group bought a new position in Custom Truck One Source during Q3 for $106,000. Finally, JMG Financial Group Ltd. bought a new stake in Custom Truck One Source stock in the second quarter valued at approximately $132,000. Institutional investors and hedge funds hold 92.82% of the company’s shares.
About Custom Truck One Source
Custom Truck One Source, Inc. provides specialized equipment rental services to the transmission and distribution sectors of electric utilities, telecommunications, rail and other infrastructure-related industries in North America. It operates through the Equipment Rental Solutions, Truck and Equipment Sales, and Replacement Parts and Services segments.
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