XPO (NYSE:XPO) Announces Earnings Results

XPO (NYSE:XPO) posted its earnings results on Friday. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13, Briefing.com reports. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

XPO Trading Up 3.3 %

Shares of XPO traded up $3.64 during trading hours on Friday, reaching $112.56. 4,012,750 shares of the company traded hands, compared to its average volume of 1,617,625. XPO has a 12-month low of $45.24 and a 12-month high of $130.51. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 69.91, a PEG ratio of 2.62 and a beta of 2.17. The stock’s fifty day moving average price is $120.99 and its 200 day moving average price is $99.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

Analysts Set New Price Targets

XPO has been the topic of several recent research reports. Oppenheimer increased their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Bank of America lifted their price target on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Barclays upped their price objective on XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Benchmark lifted their target price on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, TD Cowen upped their price target on XPO from $129.00 to $136.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, XPO has a consensus 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.