XPO (XPO) to Release Quarterly Earnings on Friday

XPO (NYSE:XPO) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, analysts expect XPO to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

XPO Trading Up 0.6 %

Shares of XPO stock opened at $118.24 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $13.75 billion, a P/E ratio of 73.44, a price-to-earnings-growth ratio of 2.90 and a beta of 2.19. The company has a 50 day moving average price of $122.11 and a 200 day moving average price of $98.65. XPO has a fifty-two week low of $40.69 and a fifty-two week high of $130.51.

Analyst Ratings Changes

A number of brokerages recently weighed in on XPO. Barclays lifted their price objective on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Citigroup lifted their price objective on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Oppenheimer lifted their price objective on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, XPO presently 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.