QXO (QXO) Projected to Post Earnings on Wednesday

QXO (NASDAQ:QXO) is anticipated to announce its Q2 2025 earnings results before the market opens on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.87 billion for the quarter.

QXO Price Performance

NASDAQ QXO opened at $19.27 on Tuesday. The business’s 50-day simple moving average is $20.86 and its 200-day simple moving average is $16.32. The firm has a market capitalization of $11.19 billion, a P/E ratio of -2.11, a P/E/G ratio of 4.09 and a beta of 2.34. QXO has a 1-year low of $10.62 and a 1-year high of $24.69.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in QXO by 13.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company’s stock valued at $9,449,000 after buying an additional 81,758 shares during the period. Millennium Management LLC increased its position in QXO by 6.6% in the 1st quarter. Millennium Management LLC now owns 322,115 shares of the company’s stock worth $4,361,000 after purchasing an additional 20,067 shares during the last quarter. AQR Capital Management LLC acquired a new position in QXO in the 1st quarter worth about $615,000. Finally, Royal Bank of Canada increased its position in QXO by 67.5% in the 1st quarter. Royal Bank of Canada now owns 119,688 shares of the company’s stock worth $1,620,000 after purchasing an additional 48,248 shares during the last quarter. 58.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on QXO in a report on Tuesday, August 5th. They set an “overweight” rating and a $30.00 price objective on the stock. Baird R W upgraded QXO to a “strong-buy” rating in a report on Thursday, June 12th. Citigroup assumed coverage on QXO in a report on Wednesday, July 16th. They issued a “buy” rating and a $33.00 price target for the company. Truist Financial assumed coverage on QXO in a report on Tuesday, July 1st. They issued a “buy” rating and a $30.00 price target for the company. Finally, Wolfe Research assumed coverage on QXO in a report on Friday, June 6th. They issued an “outperform” rating and a $44.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $32.71.

QXO Company Profile

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.