RXO (NYSE:RXO) Releases Quarterly Earnings Results, Hits Expectations

RXO (NYSE:RXO) released its earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, Zacks reports. RXO had a positive return on equity of 1.64% and a negative net margin of 6.81%.

RXO Price Performance

NYSE RXO traded down $3.99 during trading on Wednesday, reaching $21.27. The company’s stock had a trading volume of 1,002,668 shares, compared to its average volume of 958,628. The firm has a fifty day moving average of $26.12 and a 200 day moving average of $27.59. RXO has a one year low of $18.75 and a one year high of $32.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $3.42 billion, a PE ratio of -10.77, a P/E/G ratio of 3.98 and a beta of 1.53.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RXO shares. Benchmark reaffirmed a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price target on shares of RXO in a research note on Monday, November 18th. Jefferies Financial Group cut their price target on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Barclays lowered their price objective on RXO from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus lifted their target price on RXO from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Two equities 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.79.

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.