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

RXO (NYSE:RXO) posted its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates 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

Shares of RXO stock traded down $1.06 during trading on Friday, hitting $20.41. The stock had a trading volume of 342,040 shares, compared to its average volume of 1,097,572. The business has a fifty day moving average of $25.79 and a two-hundred day moving average of $27.51. The firm has a market cap of $3.28 billion, a P/E ratio of -10.37, a PEG ratio of 3.98 and a beta of 1.53. RXO has a fifty-two week low of $18.75 and a fifty-two week 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their target price on RXO from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday. Benchmark reissued a “hold” rating on shares of RXO in a research note on Wednesday, January 15th. Barclays reduced their price target on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus dropped their target price on RXO from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group dropped their target price on RXO from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.14.

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.