Custom Truck One Source (NYSE:CTOS) Releases Earnings Results, Meets Estimates

Custom Truck One Source (NYSE:CTOS) announced its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate 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 Price Performance

Shares of CTOS stock traded down $0.12 during trading hours on Tuesday, reaching $4.02. The stock had a trading volume of 834,282 shares, compared to its average volume of 736,345. The stock’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $4.50. The firm has a market capitalization of $939.33 million, a PE ratio of -25.15 and a beta of 0.79. 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 12 month low of $3.03 and a 12 month high of $6.29.

Analyst Upgrades and Downgrades

Separately, Oppenheimer cut their price target on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

Insider Transactions at Custom Truck One Source

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

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).