XPO (XPO) to Release Quarterly Earnings on Friday

XPO (NYSE:XPO) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, analysts expect XPO to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

XPO Stock Performance

Shares of XPO opened at $106.43 on Thursday. XPO has a 1 year low of $42.86 and a 1 year high of $130.51. The stock has a market capitalization of $12.38 billion, a P/E ratio of 66.11, a P/E/G ratio of 2.66 and a beta of 2.19. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company’s fifty day moving average is $121.25 and its two-hundred day moving average is $99.68.

Analysts Set New Price Targets

Several research firms have issued reports on XPO. JPMorgan Chase & Co. boosted their target price on XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. TD Cowen raised their price objective on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Morgan Stanley cut shares of XPO from an “equal weight” rating to an “underweight” rating and increased their target price for the company from $75.00 to $80.00 in a report on Monday, February 12th. Barclays boosted their price target on XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Oppenheimer lifted their price target on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.