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

XPO (NYSE:XPO) issued its quarterly earnings data on Wednesday. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13, Briefing.com reports. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

XPO Trading Down 2.5 %

Shares of XPO stock opened at $130.63 on Friday. The stock has a market capitalization of $15.20 billion, a P/E ratio of 42.28, a P/E/G ratio of 2.19 and a beta of 2.10. XPO has a 52-week low of $74.77 and a 52-week high of $138.71. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.00 and a current ratio of 1.06. The stock’s 50-day simple moving average is $112.57 and its 200 day simple moving average is $111.27.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Citigroup raised their price target on shares of XPO from $127.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen upped their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI dropped their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Bank of America cut their target price on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.38.

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.