RXO (NYSE:RXO) Posts Earnings Results, Beats Estimates By $0.01 EPS

RXO (NYSE:RXO) released its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, Briefing.com reports. RXO had a negative net margin of 0.29% and a positive return on equity of 3.23%. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $929.50 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 9.6% compared to the same quarter last year.

RXO Stock Performance

Shares of RXO stock traded up $0.29 during trading on Friday, reaching $20.41. The company’s stock had a trading volume of 541,494 shares, compared to its average volume of 785,063. The firm has a market cap of $2.40 billion, a PE ratio of -226.78, a P/E/G ratio of 7.08 and a beta of 1.24. The company has a 50-day moving average price of $20.58 and a two-hundred day moving average price of $20.88. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. RXO has a fifty-two week low of $16.94 and a fifty-two week high of $24.33.

Insider Transactions at RXO

In related news, major shareholder Mfn Partners, Lp bought 919,720 shares of the stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $21.04 per share, for a total transaction of $19,350,908.80. Following the purchase, the insider now owns 14,675,369 shares of the company’s stock, valued at approximately $308,769,763.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders acquired 1,942,293 shares of company stock worth $39,332,736. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on RXO shares. TD Cowen boosted their price target on shares of RXO from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday. Benchmark restated a “hold” rating on shares of RXO in a research note on Friday, April 19th. Stifel Nicolaus upped their price objective on RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Vertical Research downgraded RXO from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Susquehanna boosted their target price on RXO from $15.00 to $16.00 and gave the stock a “negative” rating in a research note on Monday, March 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.27.

RXO Company Profile

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.