RXO (RXO) Scheduled to Post Quarterly Earnings on Thursday

RXO (NYSE:RXO) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

RXO (NYSE:RXO) last issued its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. RXO had a net margin of 0.10% and a return on equity of 6.11%. The company had revenue of $978.00 million for the quarter, compared to analysts’ expectations of $996.33 million. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. On average, analysts expect RXO to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RXO Trading Down 3.0 %

Shares of RXO stock opened at $19.32 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. RXO has a 12-month low of $16.94 and a 12-month high of $24.33. The stock has a market capitalization of $2.27 billion, a P/E ratio of 483.12, a P/E/G ratio of 6.86 and a beta of 1.08. The firm’s 50 day moving average is $20.84 and its 200 day moving average is $20.87.

Insider Buying and Selling at RXO

In related news, major shareholder Mfn Partners, Lp purchased 919,720 shares of RXO stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $21.04 per share, for a total transaction of $19,350,908.80. Following the acquisition, the insider now owns 14,675,369 shares in the company, valued at approximately $308,769,763.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have purchased 2,589,717 shares of company stock worth $52,524,072. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RXO. Susquehanna increased their price target on shares of RXO from $15.00 to $16.00 and gave the stock a “negative” rating in a research report on Monday, March 25th. TD Cowen increased their price target on shares of RXO from $16.50 to $19.50 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Vertical Research downgraded shares of RXO from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Wednesday, January 10th. Stifel Nicolaus increased their price target on shares of RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, Oppenheimer decreased their price objective on shares of RXO from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, RXO has a consensus rating of “Hold” and a consensus price target of $20.23.

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.