RXO (RXO) Projected to Post Earnings on Wednesday

RXO (NYSE:RXO) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $1.66 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

RXO (NYSE:RXO) last posted its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $956.19 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, analysts expect RXO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RXO Stock Down 3.9 %

Shares of NYSE RXO opened at $24.66 on Tuesday. RXO has a 12 month low of $18.75 and a 12 month high of $32.82. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -12.46, a PEG ratio of 3.98 and a beta of 1.53. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $26.23 and a 200-day moving average of $27.63.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $29.00 price objective on shares of RXO in a report on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Citigroup cut shares of RXO from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Tuesday, November 12th. Wells Fargo & Company decreased their target price on RXO from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays lowered their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.79.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.