RXO (NYSE:RXO) Releases Earnings Results, Hits Estimates

RXO (NYSE:RXO) issued its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%.

RXO Price Performance

RXO stock traded down $1.06 during mid-day trading on Friday, hitting $20.41. 342,040 shares of the company were exchanged, compared to its average volume of 1,097,572. RXO has a 1-year low of $18.75 and a 1-year high of $32.82. The company has a market capitalization of $3.28 billion, a PE ratio of -10.37, a price-to-earnings-growth ratio of 3.98 and a beta of 1.53. The business has a fifty day moving average of $25.79 and a 200 day moving average of $27.51. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

A number of research firms have issued reports on RXO. Jefferies Financial Group decreased their price target on shares of RXO from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Wednesday, January 15th. Susquehanna cut their price target on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on shares of RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group reduced their price target on shares of RXO from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.14.

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.