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

RXO (NYSE:RXO) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01, Briefing.com reports. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $956.19 million. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS.

RXO Price Performance

Shares of NYSE RXO traded up $1.08 during mid-day trading on Friday, reaching $29.79. The company had a trading volume of 1,613,220 shares, compared to its average volume of 861,337. RXO has a twelve month low of $17.29 and a twelve month high of $32.82. 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 stock’s 50 day moving average is $27.81 and its 200-day moving average is $25.68.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RXO. Benchmark reiterated a “hold” rating on shares of RXO in a report on Tuesday, October 15th. TD Cowen raised their target price on RXO from $23.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Susquehanna dropped their price target on shares of RXO from $20.00 to $16.00 and set a “negative” rating on the stock in a research report on Thursday, September 26th. Barclays lifted their price objective on shares of RXO from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, RXO presently has a consensus rating of “Hold” and a consensus price target 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.