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

XPO (NYSE:XPO) issued its earnings results on Friday. The transportation company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.44% and a return on equity of 29.85%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share.

XPO Trading Up 3.3 %

Shares of XPO traded up $3.64 on Friday, hitting $112.56. 4,012,750 shares of the stock traded hands, compared to its average volume of 1,617,625. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $13.09 billion, a P/E ratio of 69.91, a P/E/G ratio of 2.62 and a beta of 2.17. The stock’s 50 day moving average is $120.99 and its two-hundred day moving average is $99.74. XPO has a 1 year low of $45.24 and a 1 year high of $130.51.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XPO shares. JPMorgan Chase & Co. lifted their target price on shares of XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Barclays upped their target price on shares of XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Bank of America upped their target price on shares of XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Citigroup upped their target price on shares of XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group upped their target price on shares of XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Company Profile

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.