Custom Truck One Source (NYSE:CTOS) Posts Earnings Results, Hits Estimates

Key Points

• Custom Truck One Source met earnings expectations, reporting $0.01 in quarterly EPS, but revenue of $495.22 million fell short of the $516.51 million analyst consensus.
• Shares declined 0.2% to $9.04, while the company reported a 2.03 debt-to-equity ratio, 0.29 quick ratio and 1.34 current ratio.
• Analyst sentiment is mixed: four analysts rate the stock a Buy, three rate it Hold and one rates it Sell, producing an overall Hold rating and a $12.00 consensus price target.

Custom Truck One Source (NYSE:CTOS - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01, FiscalAI reports. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%. The company had revenue of $495.22 million during the quarter, compared to analysts' expectations of $516.51 million.

Custom Truck One Source Trading Down 0.2%

CTOS traded down $0.01 on Monday, hitting $9.04. 884,649 shares of the company were exchanged, compared to its average volume of 975,586. The firm has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $9.70. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34. Custom Truck One Source has a 12 month low of $5.18 and a 12 month high of $12.23. The stock has a market capitalization of $2.06 billion, a PE ratio of 100.50 and a beta of 1.43.

Wall Street Analyst Weigh In

CTOS has been the subject of several analyst reports. DA Davidson reissued a "buy" rating and issued a $13.00 price target on shares of Custom Truck One Source in a report on Tuesday, September 15th. Weiss Ratings raised shares of Custom Truck One Source from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. Zacks Research downgraded Custom Truck One Source from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Cantor Fitzgerald lifted their price objective on Custom Truck One Source from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Finally, Oppenheimer lifted their price objective on Custom Truck One Source from $11.00 to $13.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Custom Truck One Source has an average rating of "Hold" and a consensus price target of $12.00.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.

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