According to Zacks, “Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary webenabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin. “
Separately, ValuEngine downgraded Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.
Roadrunner Transportation Systems stock opened at $9.33 on Tuesday. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.96 and a current ratio of 0.96. Roadrunner Transportation Systems has a fifty-two week low of $7.30 and a fifty-two week high of $18.75. The stock’s fifty day moving average is $10.29 and its two-hundred day moving average is $9.91. The firm has a market capitalization of $357.20 million, a price-to-earnings ratio of -0.09 and a beta of 1.53.
Roadrunner Transportation Systems (NYSE:RRTS) last issued its quarterly earnings data on Wednesday, November 6th. The transportation company reported ($1.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($1.06). Roadrunner Transportation Systems had a negative net margin of 16.27% and a negative return on equity of 92.83%. The company had revenue of $459.15 million during the quarter, compared to analysts’ expectations of $494.60 million. As a group, sell-side analysts forecast that Roadrunner Transportation Systems will post -4.26 EPS for the current fiscal year.
In other Roadrunner Transportation Systems news, major shareholder International L.P. Elliott bought 2,548 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $25,480.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles W. Shaver bought 10,000 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $5.60 per share, for a total transaction of $56,000.00. Insiders bought 66,618 shares of company stock worth $739,231 over the last 90 days. Company insiders own 0.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Roadrunner Transportation Systems in the 2nd quarter worth about $611,000. State Street Corp raised its holdings in shares of Roadrunner Transportation Systems by 6.5% in the 3rd quarter. State Street Corp now owns 45,524 shares of the transportation company’s stock worth $472,000 after purchasing an additional 2,782 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Roadrunner Transportation Systems in the 2nd quarter worth about $159,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Roadrunner Transportation Systems in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Roadrunner Transportation Systems Company Profile
Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload & Express Services (TES), Less-than-Truckload (LTL), and Ascent Global Logistics. The TES segment provides air and ground expedite, scheduled truckload, intermodal, temperature-controlled truckload, and other truckload and logistics services; and arranges the pickup and delivery of TES freight through its 35 TES service centers in the United States.
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