RXO (NYSE:RXO) Posts Earnings Results, Beats Expectations By $0.01 EPS

RXO (NYSE:RXOGet Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01, Briefing.com reports. The firm had revenue of $913.00 million during the quarter, compared to the consensus estimate of $929.50 million. RXO had a negative net margin of 0.29% and a positive return on equity of 3.23%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS.

RXO Stock Performance

Shares of RXO stock opened at $20.41 on Friday. The company has a current ratio of 1.14, 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 business’s 50 day moving average is $20.58 and its 200-day moving average is $20.88.

Analyst Ratings Changes

Several research firms have recently weighed in on RXO. Vertical Research lowered shares of RXO from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Wednesday, January 10th. Stifel Nicolaus boosted their price objective on RXO from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Susquehanna lifted their price target on RXO from $15.00 to $16.00 and gave the company a “negative” rating in a report on Monday, March 25th. Oppenheimer decreased their price target on shares of RXO from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus target price of $20.27.

Get Our Latest Stock Report on RXO

Insider Activity at RXO

In other news, major shareholder Mfn Partners, Lp purchased 919,720 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $21.04 per share, with a total value of $19,350,908.80. Following the completion of the transaction, the insider now owns 14,675,369 shares of the company’s stock, valued at approximately $308,769,763.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders bought 1,942,293 shares of company stock valued at $39,332,736. 1.80% of the stock is owned by corporate insiders.

RXO Company Profile

(Get Free Report)

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.

See Also

Earnings History for RXO (NYSE:RXO)

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