XPO (NYSE:XPO) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

XPO (NYSE:XPO) released its earnings results on Friday. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13, Briefing.com reports. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year.

XPO Trading Up 3.3 %

Shares of XPO traded up $3.64 during trading hours on Friday, hitting $112.56. 4,012,750 shares of the stock traded hands, compared to its average volume of 1,617,625. The business has a fifty day moving average of $120.99 and a 200-day moving average of $99.74. The firm has a market capitalization of $13.09 billion, a PE ratio of 69.91, a price-to-earnings-growth ratio of 2.62 and a beta of 2.17. XPO has a 1-year low of $45.24 and a 1-year high of $130.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

Analysts Set New Price Targets

XPO has been the topic of a number of research reports. Benchmark boosted their price objective on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Susquehanna raised their price objective on shares of XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their target price on shares of XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. TD Cowen raised their price target on shares of XPO from $129.00 to $136.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus lifted their price objective on XPO from $77.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Two investment 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 MarketBeat.com, the stock 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.