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

XPO (NYSE:XPO) issued its quarterly earnings results on Friday. The transportation company reported $0.81 EPS for the quarter, topping 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 company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year.

XPO Price Performance

Shares of XPO stock traded up $3.64 during trading hours on Friday, hitting $112.56. 4,012,750 shares of the company’s stock were exchanged, compared to its average volume of 1,617,625. The stock’s 50-day moving average is $120.99 and its 200-day moving average is $99.74. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 69.91, a price-to-earnings-growth ratio of 2.62 and a beta of 2.17. XPO has a 52 week low of $45.24 and a 52 week high of $130.51.

Analysts Set New Price Targets

A number of brokerages have recently commented on XPO. Oppenheimer upped their price target on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Raymond James upped their price target on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Bank of America upped their price target on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. BMO Capital Markets boosted their price objective on XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays boosted their price objective on XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently 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.