2. Quality Distribution (QLTY - Get Report), operating through its wholly owned subsidiary Quality Carriers, engages in truckload transportation of bulk chemicals and container services, primarily ISO tank container and depot services, in North America.
The company is scheduled to report its fourth quarter and full-year 2010 results on March 9, 2011. Analysts polled by Bloomberg calculate the company's fourth quarter earnings per share at 6 cents on sales of $165 million, compared to earnings of 1 cent per share on sales of $151.2 million recorded during the same quarter a year ago. For full-year 2010, net income and revenue are likely to jump 365% and 12%, respectively from 2009.
Earlier in February, Quality Distribution completed a public offering of approximately 4 million shares of its common stock priced at $9.5 per share. The company intends to use the proceeds to repay or refinance its indebtedness and for general corporate purposes.Of the nine analysts covering the stock, 67% recommend a buy and 22% suggest a hold. Analysts polled by Bloomberg expect the stock to gain an average 31% from current levels to $13.2 over the next 12 months.