XPO (NYSE:XPO) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

XPO (NYSE:XPO) issued its quarterly earnings data on Friday. The transportation company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13, Briefing.com reports. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share.

XPO Stock Performance

Shares of NYSE:XPO traded up $3.64 during trading on Friday, hitting $112.56. 4,012,750 shares of the stock traded hands, compared to its average volume of 1,617,625. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a fifty day moving average price of $120.99 and a two-hundred day moving average price of $99.74. XPO has a 52-week low of $45.24 and a 52-week high of $130.51. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 69.91, a P/E/G ratio of 2.62 and a beta of 2.17.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XPO. Citigroup raised their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Bank of America upped their price target on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Morgan Stanley lowered XPO from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Monday, February 12th. BMO Capital Markets boosted their target price on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Susquehanna increased their price target on XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.