RXO (RXO) Set to Announce Earnings on Thursday

RXO (NYSE:RXO) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $930.00 million during the quarter, compared to the consensus estimate of $934.14 million. RXO had a positive return on equity of 2.22% and a negative net margin of 0.55%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts expect RXO to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RXO Stock Performance

RXO opened at $29.06 on Thursday. The business has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $25.34. The company has a market capitalization of $4.67 billion, a PE ratio of -161.44, a price-to-earnings-growth ratio of 12.28 and a beta of 1.34. RXO has a 1 year low of $16.94 and a 1 year high of $32.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17.

Analysts Set New Price Targets

Several analysts recently issued reports on RXO shares. Citigroup started coverage on RXO in a research note on Wednesday, October 9th. They issued a “buy” rating and a $33.00 price target for the company. UBS Group boosted their price target on RXO from $22.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Oppenheimer restated an “outperform” rating and issued a $31.00 price target on shares of RXO in a research note on Tuesday, September 17th. Susquehanna reduced their price target on RXO from $20.00 to $16.00 and set a “negative” rating for the company in a research note on Thursday, September 26th. Finally, Jefferies Financial Group reduced their price target on RXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.23.

About RXO

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.