XPO (XPO) Set to Announce Quarterly Earnings on Wednesday

XPO (NYSE:XPO) is set to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts expect XPO to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

XPO Trading Up 5.1 %

Shares of NYSE XPO opened at $117.70 on Monday. 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 capitalization of $13.69 billion, a P/E ratio of 57.70, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10. XPO has a 1-year low of $65.80 and a 1-year high of $130.51. The business has a fifty day moving average price of $112.12 and a 200 day moving average price of $111.16.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XPO shares. TD Cowen decreased their price objective on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their price objective on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Susquehanna upped their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Finally, Evercore ISI decreased their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $130.41.

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.