XPO (NYSE:XPO) Announces Quarterly Earnings Results

XPO (NYSE:XPO) released its 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.56 EPS. XPO’s quarterly revenue was up 5.8% compared to the same quarter last year.

XPO Stock Performance

XPO stock opened at $112.56 on Friday. The firm has a 50 day simple moving average of $120.80 and a 200 day simple moving average of $100.16. XPO has a 52 week low of $45.24 and a 52 week high of $130.51. The stock has a market cap of $13.09 billion, a P/E ratio of 55.18, a P/E/G ratio of 2.71 and a beta of 2.17. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

Analysts Set New Price Targets

A number of brokerages have commented on XPO. Raymond James lifted their target price on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Oppenheimer increased their target price on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Barclays boosted their price target on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Stifel Nicolaus increased their price objective on shares of XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Citigroup boosted their target price on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus 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.