XPO (NYSE:XPO) Announces Quarterly Earnings Results

XPO (NYSE:XPO) released its quarterly earnings results on Friday. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13, Briefing.com reports. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s revenue was up 5.8% on a year-over-year basis.

XPO Trading Up 3.3 %

Shares of XPO stock opened at $112.56 on Friday. XPO has a 12-month low of $45.24 and a 12-month high of $130.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a 50 day moving average of $120.80 and a 200-day moving average of $100.16. The firm has a market cap of $13.09 billion, a P/E ratio of 55.18, a PEG ratio of 2.71 and a beta of 2.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XPO shares. Benchmark lifted their price objective on XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup upped their target price on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley downgraded XPO from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Monday, February 12th. Stifel Nicolaus raised their price objective on shares of XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Raymond James boosted their target price on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.