XPO (NYSE:XPO) Issues Earnings Results, Beats Estimates By $0.13 EPS

XPO (NYSE:XPOGet Free Report) posted its earnings results on Wednesday. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13, Briefing.com reports. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.

XPO Stock Down 1.4 %

XPO stock traded down $1.89 during mid-day trading on Thursday, reaching $132.10. The stock had a trading volume of 791,496 shares, compared to its average volume of 1,478,427. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 44.16, a PEG ratio of 1.93 and a beta of 2.10. The company has a 50-day moving average price of $112.40 and a two-hundred day moving average price of $111.13. XPO has a one year low of $74.77 and a one year high of $138.71. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

Wall Street Analyst Weigh In

XPO has been the topic of a number of research reports. Bank of America reduced their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus upped their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. TD Cowen upped their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $132.35.

Check Out Our Latest Stock Analysis on XPO

XPO Company Profile

(Get Free Report)

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.

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Earnings History for XPO (NYSE:XPO)

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