RXO (RXO) Set to Announce Quarterly Earnings on Thursday

RXO (NYSE:RXO) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect RXO to post earnings of $0.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

RXO (NYSE:RXO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm 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 business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 Trading Up 0.1 %

NYSE RXO opened at $27.95 on Tuesday. The business’s fifty day moving average is $27.75 and its 200-day moving average is $25.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of -155.28, a PEG ratio of 12.29 and a beta of 1.33. RXO has a one year low of $17.17 and a one year high of $32.82.

Analysts Set New Price Targets

A number of research analysts have weighed in on RXO shares. Benchmark reiterated a “hold” rating on shares of RXO in a research note on Tuesday, October 15th. Morgan Stanley increased their price objective on RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Jefferies Financial Group lowered their target price on RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Susquehanna cut 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, Oppenheimer restated an “outperform” rating and issued a $31.00 price objective on shares of RXO in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, RXO currently has an average rating of “Hold” and a consensus price target 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.