QXO (NYSE:QXO) Posts Quarterly Earnings Results, Meets Expectations

QXO (NYSE:QXO) released its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13, FiscalAI reports. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.84 billion. QXO had a positive return on equity of 2.41% and a negative net margin of 5.17%.

QXO Trading Down 7.2%

NYSE:QXO traded down $0.99 during trading hours on Thursday, hitting $12.82. 22,702,439 shares of the stock were exchanged, compared to its average volume of 16,568,021. The company has a market capitalization of $13.30 billion, a P/E ratio of -14.24, a price-to-earnings-growth ratio of 3.06 and a beta of 2.42. The company has a quick ratio of 3.29, a current ratio of 4.11 and a debt-to-equity ratio of 0.66. QXO has a twelve month low of $10.03 and a twelve month high of $27.61. The company’s 50 day moving average is $11.78 and its two-hundred day moving average is $16.87.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QXO. Royal Bank Of Canada cut their price target on QXO from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Benchmark reiterated a “buy” rating on shares of QXO in a research report on Friday, August 14th. Wells Fargo & Company reduced their target price on shares of QXO from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Truist Financial decreased their price target on shares of QXO from $26.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Morgan Stanley began coverage on QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.77.

About QXO

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.