QXO (NYSE:QXO) Posts Quarterly Earnings Results, Hits Estimates

QXO (NYSE:QXO) released its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13, FiscalAI reports. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.84 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%.

QXO Price Performance

QXO stock traded down $0.99 during mid-day trading on Thursday, reaching $12.82. 22,702,439 shares of the company’s stock were exchanged, compared to its average volume of 16,568,021. The company has a market cap of $13.30 billion, a price-to-earnings ratio of -14.24, a price-to-earnings-growth ratio of 3.06 and a beta of 2.42. The stock’s 50 day moving average is $11.78 and its 200 day moving average is $16.87. QXO has a 12-month low of $10.03 and a 12-month high of $27.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.11 and a quick ratio of 3.29.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on QXO. Northcoast Research began coverage on shares of QXO in a research report on Thursday. They set a “neutral” rating for the company. Wall Street Zen raised QXO from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Morgan Stanley initiated coverage on shares of QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of QXO from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, Melius Research initiated coverage on QXO in a research report on Tuesday, October 6th. They set a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.77.

QXO Company Profile

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.