RXO (RXO) to Release Earnings on Thursday

RXO (NYSE:RXO - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

RXO (NYSE:RXO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The company had revenue of $930.00 million for the quarter, compared to analyst estimates of $934.14 million. During the same quarter last year, the company posted $0.08 EPS. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts expect RXO to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RXO Price Performance

Shares of RXO traded down $0.87 during midday trading on Thursday, hitting $28.19. The company's stock had a trading volume of 649,530 shares, compared to its average volume of 850,974. RXO has a one year low of $16.94 and a one year high of $32.82. The company's fifty day simple moving average is $27.82 and its two-hundred day simple moving average is $25.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of -156.61, a price-to-earnings-growth ratio of 12.28 and a beta of 1.34.

Analyst Ratings Changes

RXO has been the topic of several recent analyst reports. Citigroup initiated coverage on RXO in a research note on Wednesday, October 9th. They issued a "buy" rating and a $33.00 price target on the stock. Benchmark restated a "hold" rating on shares of RXO in a research report on Tuesday, October 15th. UBS Group boosted their price objective on RXO from $22.00 to $31.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. TD Cowen boosted their price objective on RXO from $23.00 to $28.00 and gave the stock a "hold" rating in a research report on Thursday, August 8th. Finally, Barclays boosted their price objective on RXO from $24.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.23.

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.