USX - U.S. Xpress Enterprises, Inc.

NYSE - NYSE Delayed Price. Currency in USD
6.41
+0.21 (+3.39%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close6.20
Open6.24
Bid6.30 x 800
Ask6.78 x 800
Day's Range6.23 - 6.52
52 Week Range2.65 - 6.61
Volume268,256
Avg. Volume221,269
Market Cap316.832M
Beta (5Y Monthly)2.43
PE Ratio (TTM)N/A
EPS (TTM)-0.36
Earnings DateApr 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.25
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-12% Est. Return
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  • Jen Buckner Joins U.S. Xpress Board of Directors
    Business Wire

    Jen Buckner Joins U.S. Xpress Board of Directors

    U.S. Xpress Enterprises, Inc. (NYSE: USX) has elected Jennifer "Jen" Buckner, senior vice president of Mastercard’s technology risk management team, to its seven-member board of directors.

  • Here is What Hedge Funds Think About U.S. Xpress Enterprises, Inc. (USX)
    Insider Monkey

    Here is What Hedge Funds Think About U.S. Xpress Enterprises, Inc. (USX)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

  • Business Wire

    U.S. Xpress Enterprises, Inc. Announces Teleconference for 2020 Annual Meeting of Stockholders

    U.S. Xpress Enterprises, Inc. (NYSE: USX) (the "Company") today announced that the 2020 Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for 11:30 a.m. Eastern Daylight Time, on Wednesday, May 27, 2020, has been changed to an audio conference call accessible via telephone, instead of an in-person meeting. Stockholders of record as of March 30, 2020, will no longer be able to attend the Annual Meeting in person and will now be able to listen remotely to the Annual Meeting.

  • Arnold Schneider Buys 4 Stocks in 1st Quarter
    GuruFocus.com

    Arnold Schneider Buys 4 Stocks in 1st Quarter

    Guru invests in equipment rental company, thermal management, oil and shipping Continue reading...

  • Business Wire

    U.S. Xpress Enterprises Inc. Announces Virtual Conference Participation

    U.S. Xpress Enterprises, Inc. (NYSE: USX) the nation’s fifth largest asset-based truckload carrier by revenue, today announced that Eric Fuller, President and Chief Executive Officer, and Eric Peterson, Chief Financial Officer, are scheduled to virtually participate at the following conferences:

  • U.S. Xpress Releases COVID-19 Impact Forecast
    Business Wire

    U.S. Xpress Releases COVID-19 Impact Forecast

    U.S. Xpress, a subsidiary of U.S. Xpress Enterprises, Inc. (NYSE: USX), the nation’s fifth largest asset-based truckload carrier by revenue, has released a COVID-19 Impact Forecast, analyzing the current and future state of freight in America.

  • Thomson Reuters StreetEvents

    Edited Transcript of USX earnings conference call or presentation 30-Apr-20 12:30pm GMT

    Q1 2020 US Xpress Enterprises Inc Earnings Call

  • Why trucking businesses are prone to bankruptcy
    Yahoo Finance Video

    Why trucking businesses are prone to bankruptcy

    U.S. Xpress CEO Eric Fuller joins Yahoo Finance’s Seana Smith to discuss why some trucking companies are susceptible to declaring bankruptcy amid the coronavirus pandemic.

  • Is U.S. Xpress Enterprises, Inc. (NYSE:USX) Trading At A 37% Discount?
    Simply Wall St.

    Is U.S. Xpress Enterprises, Inc. (NYSE:USX) Trading At A 37% Discount?

    Today we will run through one way of estimating the intrinsic value of U.S. Xpress Enterprises, Inc. (NYSE:USX) by...

  • U.S. Xpress' Mix Means Steady Freight Volumes, Even As It Posts A Loss
    Benzinga

    U.S. Xpress' Mix Means Steady Freight Volumes, Even As It Posts A Loss

    In an earnings season full of trucking and transport companies declaring they've seen a sharp falloff in volumes this month, carrying over from a late March collapse, truckload carrier U.S. Xpress Enterprises, Inc. (NYSE: USX) is an outlier. Given the mix of its freight, CEO Eric Fuller said April volumes have held largely steady even as some other trucking firms are reporting year-on-year declines of 20%. "U.S. Xpress has a strong customer mix of grocery, e-commerce, consumer products, discount retail, and home improvement, with little exposure to automotive, manufacturing and restaurants," the company said on Thursday, April 30, in announcing its first quarter earnings. "The company has not seen a drop in total load volume to date through April."In the company's conference call with analysts, Fuller noted that the heavy mix of grocery, home improvement and discount store operations in the USX customer base meant that after the pandemic hit, 96% of the company's clients stayed open. "We have almost no exposure to those areas where verticals shut down during March and into April," he said, citing automotive and restaurants as the types of industries that closed as a result of the pandemic. Speaking of the USX base, Fuller said: "If anything, our customers increased shipments in this period so that really helped us weather through this event."Fuller noted that when the pandemic hit its markets, only 40 drivers in the USX fleet found themselves stuck at customer operations that had been closed.Despite the positive mix that the company had going into the pandemic, its financial results proved to be the opposite. Wall Street reacted to the numbers with a stock price decline of approximately 6% by 11 a.m., though with the stock of USX trading near $4.50/share, it doesn't take a major move in price to result in a significant percentage swing.The adjusted overall operating ratio (OR) at USX came in at an unprofitable 100.9%, compared to 95.7% in the first quarter of 2019. But truckload operations at the company, which include over-the-road (OTR) and Dedicated divisions, had an adjusted OR of 99.6%, compared to 96% in the first quarter of 2019. It was an ugly OR of 109.6% in the company's brokerage division – down from 94% last year – that led to the total OR being on the wrong side of 100%.In the statement announcing its earnings, USX said brokerage revenue rose to $50.47 million from $46.24 million last year, but the gross margin plummeted to 3.7% from 17.5% in 2019's first quarter. The fact that USX saw its volumes maintained was clear in the figure for average revenue miles per tractor per week. OTR operations posted a 1.59% gain in that area; in the Dedicated division, the gain was 1%. But laid up against weaker rates, OTR revenue per tractor per week was down 4.2%. Dedicated's performance in the same category rose 2.7%."There is increasing rate pressure from certain customers and non-traditional competition from others who have seen a drop in their core verticals," Fuller said on the earnings call. "We expect to see rate pressure continue."The bottom line was a net loss of $9.232 million, compared to a first quarter 2019 net profit of just over $5 million. But total operating revenue was up to $432.5 million from $415.3 million. Purchased transportation was one of the expenses that helped generate the ink red. It was up to $129.7 million in the quarter, from $114 million a year ago. That increase is roughly in line with changes in the company's operating income, which went to negative $3.66 million from positive $12.6 million. Although there were few questions about the company's financial performance on the conference call, there was one pointed query – "Why do you have an OR of 100% when competitors have managed to stay to the positive side of that benchmark?"Fuller said USX remains in the middle of a "significant transformation," adopting digitization and automation as a growing part of its business. He also said the types of companies that the question implicitly compared USX to have been "operating at that for an extended period of time." The types of changes USX is seeking to implement "don't happen overnight. We need to drive results by staying consistent with our plan."Fuller said driver turnover at USX has been a long-term factor in the company's performance relative to its truckload peers. He said it's been the company's "biggest issue for a long, long time.""That is something we've put a lot of focus on," Fuller said. "The needle has moved a lot slower than we've liked." But he remained optimistic that "all the initiatives and investments will continue to drive better results in turnover and that's where we'll get the biggest impact."Turnover in the industry is at present favorable to carriers, Fuller said, but he said it is a "false positive" that he does not expect to last. "The environment has made it less likely for drivers to want to switch," he said. Drivers are "hunkering down and staying where they are."Fuller added that USX "probably has the lowest number of unseated tractors in our fleet in a long time."One piece of the future landscape that Fuller said USX is expecting is reduced capacity. But it hasn't happened as much as he would have expected because such financial assistance vehicles as the Paycheck Protection Program were keeping many companies alive that might have otherwise faced bankruptcy. "We do think that there is some capacity that will be propped up through government action," he said. In a separate part of the call, Fuller said USX' exposure to spot rates was about 11-12% of revenue. He said the company generally targets that figure to be 10%, but that in 2019 it rose as high as 14-15%.And while he made repeated references to the decline in spot rates, while discussing the company's performance relative to its peers, Fuller refused to blame spot rates for the company's first quarter performance or even for longer-term issues. The challenges Fuller said he is tackling at USX are on the cost side of the ledger.Like other companies across the spectrum, not just in trucking, USX touted its liquidity going forward. It was noted on the call and in the earnings release that USX in late January had secured a new $250 million line of credit, part of which was used to pay earlier debt obligations; at the time of that release, the company said after the refinancing of the debt that it had more than $100 million from that line for "post-closing activities."Other steps the company is taking including a cut to capital expenditures. CFO Eric Peterson said on the call that capex this year will be cut to $100 million to $120 million from an earlier projection of $140-$150 million. The company already spent about $67 million of that in the first quarter, so its capex the remainder of the year might be as little as $35 million. "We remain confident in our ability to weather a severe downturn as a result of the pandemic," Peterson said.See more from Benzinga * Picking The Markets With Tightening Capacity – FreightWaves NOW * Schneider Bests Analyst Forecasts, Current Volumes Move Lower * Wall Street To C.H. Robinson: What Happened To Flexibility?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Benzinga

    Recap: U.S. Xpress Enterprises Q1 Earnings

    Shares of U.S. Xpress Enterprises (NYSE:USX) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 200.00% over the past year to ($0.15), which beat the estimate of ($0.16).Revenue of $432,568,000 rose by 4.14% from the same period last year, which beat the estimate of $412,700,000.Looking Ahead U.S. Xpress Enterprises hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 30, 2020View more earnings on USXTime: 10:01 AM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.usxpress.com%2Fevents%2Fdefault.aspx&eventid=2159271&sessionid=1&key=CF4FA1BD3AEF46A22D143882CB574ED2®Tag=&sourcepage=registerRecent Stock Performance 52-week high: $7.06Company's 52-week low was at $2.65Price action over last quarter: down 24.76%Company Profile U.S. Xpress Enterprises Inc is a truckload carrier in the United States. The company offers a portfolio of services using its own truckload fleet and third-party carriers through its non-asset-based truck brokerage network. Its segments are Truckload and Brokerage. The Truckload segment offers asset-based truckload services and the OTR and contract services. The Brokerage segment includes non-asset-based freight brokerage services. The company generates a majority of its revenue from the Truckload segment. Geographically, it generates a majority of its revenue from the United States.See more from Benzinga * Recap: Visteon Q1 Earnings * Allegiance Bancshares: Q1 Earnings Insights * Materialise: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Business Wire

    U.S. Xpress Enterprises Reports First Quarter 2020 Results and Discusses COVID-19 Impact on Operations

    U.S. Xpress Enterprises, Inc. (NYSE: USX) (the "Company") today announced results for the first quarter of 2020 and provided a COVID-19 update.

  • Business Wire

    U.S. Xpress Enterprises, Inc. Announces First Quarter 2020 Financial Results Release Date and Conference Call

    U.S. Xpress Enterprises, Inc. (NYSE:USX) (the "Company"), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it will release its first quarter 2020 results before market open on Thursday, April 30, 2020 and will host a conference call at 8:30 a.m. (Eastern Time) the same day.

  • U.S. Xpress Looking for Experienced Drivers to Meet Demand in Over-the-Road and Dedicated Divisions
    Business Wire

    U.S. Xpress Looking for Experienced Drivers to Meet Demand in Over-the-Road and Dedicated Divisions

    U.S. Xpress, Inc., a subsidiary of U.S. Xpress Enterprises, Inc. (NYSE: USX) (the "Company"), the nation’s fifth largest asset-based truckload carrier by revenue, announced today that it is actively recruiting professional drivers as the company looks to fill positions in its Over-the-Road and Dedicated divisions.

  • Insider Buying: Robert Pischke Just Spent US$77k On U.S. Xpress Enterprises, Inc. (NYSE:USX) Shares
    Simply Wall St.

    Insider Buying: Robert Pischke Just Spent US$77k On U.S. Xpress Enterprises, Inc. (NYSE:USX) Shares

    Whilst it may not be a huge deal, we thought it was good to see that Robert Pischke, who is a company insider...

  • Thomson Reuters StreetEvents

    Edited Transcript of USX earnings conference call or presentation 6-Feb-20 1:30pm GMT

    Q4 2019 US Xpress Enterprises Inc Earnings Call

  • Benzinga

    Truckload Carriers Becoming More Hopeful On 2020

    On the current environment, Heartland Express Inc. (NASDAQ: HTLD) CEO Michael Gerdin said he's expecting a "flattish environment" in 2020. Werner Enterprises Inc. (NASDAQ: WERN) President and CEO Derek Leathers said commentary from retailers, who provide approximately half of the company's revenue, has been "pretty bullish." He said favorable factors like strength in the housing sector, a consumer with money to spend and an improved trade environment are reasons to be more constructive on demand in 2020.

  • Benzinga

    US Xpress Sees Tepid Start To 2020, Improvement To Follow

    Chattanooga, Tennessee-based truckload (TL) carrier U.S. Xpress' (NYSE: USX) fourth-quarter adjusted loss of 5 cents per share came in ahead of analysts' estimates for a 9-cent-per-share loss. Pressed for more specifics on guidance during the company's fourth-quarter earnings call with analysts and investors, U.S. Xpress President and CEO Eric Fuller said the past four to six weeks were some of the best the carrier has seen in the past year. Fuller added that the company is turning down as many as 140 loads per day currently when it took almost an entire week to turn away that much freight during the low point of the cycle over the past year.

  • Benzinga

    US Xpress' Fourth-Quarter Loss Better Than Expected

    U.S. Xpress Enterprises Inc. (NYSE: USX) reported a fourth-quarter adjusted loss of 5 cents per share, ahead of analysts' estimates for a 9 cent-per-share loss. The Chattanooga, Tennessee-based truckload (TL) carrier reported a 4% year-over-year decline in total revenue to $450 million. Regarding their 2020 outlook, U.S. Xpress expects "slow growth in industry-wide truckload shipments" with truck capacity continuing to exit the market.

  • U.S. Xpress Enterprises, Inc. (USX) Reports Q4 Loss, Tops Revenue Estimates
    Zacks

    U.S. Xpress Enterprises, Inc. (USX) Reports Q4 Loss, Tops Revenue Estimates

    U.S. Xpress Enterprises, Inc. (USX) delivered earnings and revenue surprises of 50.00% and 5.22%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Analysts Estimate U.S. Xpress Enterprises, Inc. (USX) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate U.S. Xpress Enterprises, Inc. (USX) to Report a Decline in Earnings: What to Look Out for

    U.S. Xpress Enterprises, Inc. (USX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Benzinga

    US Xpress Announces Favorable Refinancing

    U.S. Xpress Enterprises Inc. (NYSE: USX) announced that it entered into a new revolving credit facility and paid off outstanding balances on its prior revolver in a press release issued after the market close today. The refinancing establishes a new $250 million credit line along with a feature that provides an additional $75 million in borrowing capacity. The facility also provides a $25 million swingline subfacility — typically short-term financing to facilitate payments of existing debt.

  • How Much Are U.S. Xpress Enterprises, Inc. (NYSE:USX) Insiders Spending On Buying Shares?
    Simply Wall St.

    How Much Are U.S. Xpress Enterprises, Inc. (NYSE:USX) Insiders Spending On Buying Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...