RXO (NYSE:RXO) Releases Earnings Results, Beats Expectations By $0.01 EPS

RXO (NYSE:RXO) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01, Briefing.com reports. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the prior year, the company posted $0.05 earnings per share. RXO’s revenue for the quarter was up 6.6% compared to the same quarter last year.

RXO Price Performance

RXO opened at $29.79 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -165.49, a price-to-earnings-growth ratio of 13.15 and a beta of 1.33. The stock has a fifty day simple moving average of $27.84 and a two-hundred day simple moving average of $25.79. RXO has a 12-month low of $17.29 and a 12-month high of $32.82.

Analyst Upgrades and Downgrades

RXO has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Morgan Stanley lifted their price target on shares of RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Benchmark reissued a “hold” rating on shares of RXO in a research report on Tuesday, October 15th. Oppenheimer restated an “outperform” rating and issued a $31.00 target price on shares of RXO in a research note on Tuesday, September 17th. Finally, Citigroup started coverage on RXO in a research note on Wednesday, October 9th. They set a “buy” rating and a $33.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, RXO has an average rating of “Hold” and an average target price of $26.23.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.