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.
NYSE:RRTS opened at $9.08 on Tuesday. The company’s 50-day moving average is $10.23 and its two-hundred day moving average is $9.86. 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 firm has a market cap of $351.53 million, a price-to-earnings ratio of -0.09 and a beta of 1.44. Roadrunner Transportation Systems has a 12-month low of $7.30 and a 12-month high of $18.75.
Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Wednesday, November 6th. The transportation company reported ($1.19) earnings per share (EPS) 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 analysts’ expectations of $494.60 million. Roadrunner Transportation Systems had a negative net margin of 16.27% and a negative return on equity of 92.83%. On average, equities research analysts forecast that Roadrunner Transportation Systems will post -4.26 earnings per share for the current fiscal year.
In other Roadrunner Transportation Systems news, major shareholder International L.P. Elliott bought 10,131 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $111,035.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Beth Denooyer bought 6,000 shares of Roadrunner Transportation Systems stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average price of $27.69 per share, for a total transaction of $166,140.00. Insiders have bought a total of 66,059 shares of company stock valued at $734,110 in the last quarter. Company insiders own 0.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in RRTS. State Street Corp lifted its stake in shares of Roadrunner Transportation Systems by 6.5% during the third 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 in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Roadrunner Transportation Systems in the second quarter worth about $44,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Roadrunner Transportation Systems in the second quarter worth about $159,000. 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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