Essex Rental Corporation (NASDAQ:ESSX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday, Analyst Ratings Network reports. They currently have a $4.80 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 7.87% from the company’s current price.
Shares of Essex Rental Corporation (NASDAQ: ESSX) traded up 1.12% during mid-day trading on Friday, hitting $4.50. Essex Rental Corporation has a 52 week low of $2.90 and a 52 week high of $4.57. The stock’s 50-day moving average is currently $4.27. The company’s market cap is $110.9 million.
Essex Rental Corporation (NASDAQ:ESSX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.03. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $24.75 million. On average, analysts predict that Essex Rental Corporation will post $-0.24 earnings per share for the current fiscal year.
Essex Rental Corp. conducts its operations through Essex Crane Rental Corp (NASDAQ: ESSX).
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