$40.53 Million in Sales Expected for XO Group, Inc. (XOXO) This Quarter
Wall Street analysts expect XO Group, Inc. (NYSE:XOXO) to report $40.53 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for XO Group’s earnings. The lowest sales estimate is $40.33 million and the highest is $40.72 million. XO Group reported sales of $36.73 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that XO Group will report full year sales of $40.53 million for the current financial year, with estimates ranging from $161.69 million to $162.91 million. For the next year, analysts anticipate that the business will post sales of $177.40 million per share, with estimates ranging from $176.84 million to $177.96 million. Zacks’ sales calculations are an average based on a survey of analysts that follow XO Group.
XO Group (NYSE:XOXO) last announced its earnings results on Monday, July 31st. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. XO Group had a net margin of 4.55% and a return on equity of 4.71%. The business had revenue of $42.20 million for the quarter, compared to analyst estimates of $41.51 million. During the same quarter last year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.
XOXO has been the topic of a number of research reports. ValuEngine raised shares of XO Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of XO Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub cut shares of XO Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley reissued a “neutral” rating and issued a $16.75 price objective on shares of XO Group in a research note on Tuesday, August 1st. Finally, Roth Capital set a $21.00 price objective on shares of XO Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. XO Group presently has a consensus rating of “Hold” and a consensus price target of $20.15.
ILLEGAL ACTIVITY WARNING: “$40.53 Million in Sales Expected for XO Group, Inc. (XOXO) This Quarter” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/18/40-53-million-in-sales-expected-for-xo-group-inc-xoxo-this-quarter-2.html.
Large investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC lifted its holdings in XO Group by 6.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,782 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 347 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in XO Group by 88.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock valued at $158,000 after purchasing an additional 4,209 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in XO Group by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the specialty retailer’s stock valued at $174,000 after purchasing an additional 100 shares in the last quarter. First Quadrant L P CA purchased a new position in XO Group in the 2nd quarter valued at about $178,000. Finally, Trexquant Investment LP purchased a new position in XO Group in the 1st quarter valued at about $181,000. Institutional investors own 83.62% of the company’s stock.
XO Group (NYSE:XOXO) opened at 18.68 on Monday. XO Group has a 1-year low of $14.99 and a 1-year high of $20.99. The stock has a 50 day moving average of $18.41 and a 200 day moving average of $17.57. The stock has a market capitalization of $466.22 million, a P/E ratio of 66.71 and a beta of 0.96.
XO Group Company Profile
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company’s multi-platform brands guide couples through transformative life stages from getting married with The Knot, to moving in together with The Nest, to having a baby with The Bump, and helping bring celebrations to life with entertainment vendors from GigMasters.com Incorporated (GigMasters).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for XO Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XO Group Inc. and related stocks with our FREE daily email newsletter.