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 cut shares of Roadrunner Transportation Systems from a “hold” rating to a “sell” rating in a research report on Friday, October 25th.
Shares of RRTS stock opened at $9.70 on Tuesday. The company’s 50-day moving average price is $10.31 and its 200-day moving average price is $9.93. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.71. The stock has a market cap of $362.45 million, a price-to-earnings ratio of -0.10 and a beta of 1.53. Roadrunner Transportation Systems has a twelve month low of $7.30 and a twelve month high of $18.75.
Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings results on Wednesday, November 6th. The transportation company reported ($1.19) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($1.06). The firm had revenue of $459.15 million for the quarter, compared to analyst estimates of $494.60 million. Roadrunner Transportation Systems had a negative net margin of 16.27% and a negative return on equity of 92.83%. As a group, equities research analysts predict that Roadrunner Transportation Systems will post -4.26 EPS for the current year.
In other Roadrunner Transportation Systems news, insider Mary Beth Denooyer purchased 6,000 shares of Roadrunner Transportation Systems stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average price of $27.69 per share, with a total value of $166,140.00. Also, major shareholder International L.P. Elliott purchased 10,131 shares of Roadrunner Transportation Systems stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $10.96 per share, for a total transaction of $111,035.76. The disclosure for this purchase can be found here. Insiders acquired 74,764 shares of company stock worth $813,004 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Roadrunner Transportation Systems during the second quarter worth about $44,000. JPMorgan Chase & Co. acquired a new stake in shares of Roadrunner Transportation Systems during the second quarter worth about $159,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Roadrunner Transportation Systems during the second quarter worth about $611,000. 94.99% of the stock is currently owned by institutional investors and hedge funds.
About Roadrunner Transportation Systems
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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