Custom Truck One Source (NYSE:CTOS) Posts Quarterly Earnings Results, Meets Expectations

Custom Truck One Source (NYSE:CTOS) issued its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04, Zacks reports. Custom Truck One Source had a negative return on equity of 4.57% and a negative net margin of 2.22%.

Custom Truck One Source Trading Down 2.8 %

NYSE CTOS traded down $0.12 during trading hours on Tuesday, hitting $4.02. 834,282 shares of the company’s stock were exchanged, compared to its average volume of 736,345. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87. Custom Truck One Source has a 1-year low of $3.03 and a 1-year high of $6.29. The stock has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.50. The firm has a market cap of $939.33 million, a price-to-earnings ratio of -25.15 and a beta of 0.79.

Insider Activity

In related news, major shareholder Pe One Source Holdings, Llc acquired 8,143,635 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $4.00 per share, with a total value of $32,574,540.00. Following the acquisition, the insider now owns 156,743,635 shares of the company’s stock, valued at approximately $626,974,540. This trade represents a 5.48 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Oppenheimer reduced their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

Custom Truck One Source Company Profile

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).