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NSCO

Nesco Holdings

$4.75

0.04 (0.85%)

20:42
11/11/19
11/11
20:42
11/11/19
20:42

Nesco Holdings reports Q3 EPS (45c), one estimate 4c

Reports Q3 revenue $62.4M, one estimate $69.7M. Reports Q3 adjusted EBITDA $30.7M vs. $28.5M last year. CEO Lee Jacobson says: "During the third quarter, we generated solid revenue growth in both our equipment rental and parts, tools, and accessories businesses, resulting in our 13th consecutive quarter of growth in Adjusted EBITDA. Demand conditions remain robust in our end-markets for our core equipment rental services as evidenced by our solid 7.3% growth in equipment rental revenue and record level of equipment on rent during the quarter. With more than 50% year-over-year growth in parts, tools, and accessories revenue, we continue to have strong conviction in the long-term future of this business segment. While total revenue results this quarter was negatively impacted by a decline in equipment sales revenue, these sales can be lumpy in nature and any timing difference in sales provides the opportunity to continue to rent this equipment and push back associated capital requirements to replace the units in our fleet. We continue to see considerable opportunities for organic growth, supported by growing customer backlogs within our core electric utility markets, increased market penetration of the rail and telecom markets and further penetration of the parts tools and accessories offering across our existing equipment rental customer base. Shortages for specialty rental equipment in the markets we serve have continued and our customer rental contract periods have lengthened to record levels, further supporting our planned investment in fleet growth. We remain focused on meeting this demand as we grow our fleet, driving continued growth in Adjusted EBITDA and reducing net leverage."

  • 12

    Nov

NSCO Nesco Holdings
$4.75

0.04 (0.85%)

09/05/19
SBSH
09/05/19
INITIATION
Target $9
SBSH
Buy
Nesco Holdings initiated with a Buy at Citi
Citi analyst Timothy Thein started Nesco Holdings with a Buy rating and $9 price target. The stock offers "unique exposure" to secular growth drivers in domestic T&D and telecom infrastructure markets, Thein tells investors in a research note. He believes Nesco can "grow into its valuation" as it executes on its fleet growth plan.
09/06/19
DBAB
09/06/19
INITIATION
Target $8
DBAB
Buy
Nesco Holdings initiated with a Buy at Deutsche Bank
Deutsche Bank started Nesco Holdings with a Buy rating and $8 price target.
09/06/19
09/06/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Beyond Meat (BYND) initiated with an Underperform at DA Davidson. 2. Repay Holdings (RPAY) initiated with an Overweight at Cantor Fitzgerald. 3. Avalara (AVLR) initiated with an Outperform at Raymond James. 4. Nesco Holdings (NSCO) initiated with a Buy at Deutsche Bank. 5. DocuSign (DOCU) initiated with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SHAK

Shake Shack

$59.20

0.29 (0.49%)

11:05
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Shake Shack call volume above normal and directionally bullish »

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  • 13

    Jan

MCK

McKesson

$144.02

0.62 (0.43%)

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CAT

Caterpillar

$146.49

2.42 (1.68%)

10:58
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Downgrade
Caterpillar rating change  »

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  • 31

    Jan

BILL

Bill.com

$0.00

(0.00%)

10:58
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Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

EH

Ehang

$0.00

(0.00%)

10:58
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Breaking Syndicate news story on Ehang »

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  • 12

    Dec

BBU

Brookfield Business Partners

$40.99

(0.00%)

, GNW

Genworth

$4.60

0.135 (3.03%)

10:55
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Genworth completes Genworth MI Canada stake sale to Brookfield Business Partners »

Genworth Financial (GNW)…

BBU

Brookfield Business Partners

$40.99

(0.00%)

GNW

Genworth

$4.60

0.135 (3.03%)

03/08/13
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  • 12

    Dec

10:55
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General news
Treasury 30-year auction outlook: the $16 B reopening rounds out this week's auctions »

Treasury 30-year auction…

TSLA

Tesla

$359.21

6.81 (1.93%)

10:51
12/12/19
12/12
10:51
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10:51
Periodicals
Tesla loses third general counsel this year, Bloomberg Law says »

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  • 07

    Jan

GE

General Electric

$11.42

0.44 (4.01%)

10:46
12/12/19
12/12
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10:46
On The Fly
GE jumps as UBS predicts positive inflection point in 2020 »

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  • 29

    Jan

BILL

Bill.com

$0.00

(0.00%)

10:45
12/12/19
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10:45
Syndicate
Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

ABBV

AbbVie

$88.15

1.46 (1.68%)

10:45
12/12/19
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Options
AbbVie call volume above normal and directionally bullish »

Bullish option flow…

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10:45
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General news
Breaking General news story  »

6-Month Bill Announcement…

10:45
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General news
Breaking General news story  »

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General news
Breaking General news story  »

3-Month Bill Announcement…

SBUX

Starbucks

$88.83

2.24 (2.59%)

, BHC

Bausch Health

$31.07

1.745 (5.95%)

10:44
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On The Fly
GE, Starbucks, Bausch upgrades among today's top analyst calls »

Check out today's top…

SBUX

Starbucks

$88.83

2.24 (2.59%)

BHC

Bausch Health

$31.07

1.745 (5.95%)

AAPL

Apple

$271.38

0.67 (0.25%)

HD

Home Depot

$213.65

1.69 (0.80%)

MMM

3M

$170.04

1.31 (0.78%)

GE

General Electric

$11.42

0.44 (4.01%)

03/08/13
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  • 22

    Dec

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    Jan

  • 25

    Feb

EH

Ehang

$0.00

(0.00%)

10:39
12/12/19
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10:39
Syndicate
Ehang indicated to open at $12.25, IPO priced at $12.50 »

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  • 12

    Dec

WDDMF

WeedMD

$0.00

(0.00%)

, ACB

Aurora Cannabis

$2.46

(0.00%)

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Rising High: An exclusive talk with medical-grade cannabis producer WeedMD »

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WDDMF

WeedMD

$0.00

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ACB

Aurora Cannabis

$2.46

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TLRY

Tilray

$18.68

0.49 (2.69%)

ZYNE

Zynerba

$5.68

0.06 (1.07%)

CGC

Canopy Growth

$20.35

0.05 (0.25%)

CTST

CannTrust

$0.81

-0.0102 (-1.24%)

CRON

Cronos Group

$6.89

0.07 (1.03%)

IGC

India Globalization Capital

$0.67

0.0047 (0.71%)

CVSI

CV Sciences

$0.00

(0.00%)

CANN

General Cannabis

$0.00

(0.00%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

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  • 16

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PTVCA

Protective Insurance

$15.36

(0.00%)

10:36
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Breaking Hot Stocks news story on Protective Insurance »

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ADSK

Autodesk

$178.55

-1.315 (-0.73%)

10:35
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Options
Autodesk put volume heavy and directionally bearish »

Bearish flow noted in…

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BILL

Bill.com

$0.00

(0.00%)

10:35
12/12/19
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10:35
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10:35
Syndicate
Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

USO

United States Oil Fund

$12.45

0.16 (1.30%)

10:34
12/12/19
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10:34
General news
EIA natural gas storage change for week ending December 6 »

Gas inventories 73 Bcf…

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PTVCA

Protective Insurance

$15.36

(0.00%)

10:31
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Hot Stocks
Breaking Hot Stocks news story on Protective Insurance »

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KRUS

Kura Sushi

$25.45

0.32 (1.27%)

10:31
12/12/19
12/12
10:31
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Downgrade
Kura Sushi rating change  »

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10:30
12/12/19
12/12
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General news
Fed funds futures have slipped as risk appetite climbs »

Fed funds futures have…

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