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

RXO (NYSE:RXO) announced its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01, Briefing.com reports. The business 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%. RXO’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS.

RXO Trading Up 3.8 %

NYSE:RXO traded up $1.08 on Friday, hitting $29.79. The stock had a trading volume of 1,613,220 shares, compared to its average volume of 861,337. RXO has a 1 year low of $17.29 and a 1 year high of $32.82. The firm’s fifty day simple moving average is $27.81 and its two-hundred day simple moving average is $25.68. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RXO shares. Jefferies Financial Group reduced their price objective on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Barclays lifted their price objective on RXO from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Susquehanna cut their target price on RXO from $20.00 to $16.00 and set a “negative” rating on the stock in a research report on Thursday, September 26th. Oppenheimer reissued an “outperform” rating and issued a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. Finally, Morgan Stanley raised their price objective on shares of RXO from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, RXO presently has an average rating of “Hold” and a consensus target price of $26.23.

RXO Company Profile

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.