$43.21 Million in Sales Expected for XO Group, Inc. (XOXO) This Quarter

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Analysts forecast that XO Group, Inc. (NYSE:XOXO) will post sales of $43.21 million for the current quarter, according to Zacks. Two analysts have made estimates for XO Group’s earnings, with the highest sales estimate coming in at $43.63 million and the lowest estimate coming in at $42.79 million. XO Group reported sales of $40.24 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is expected to announce its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that XO Group will report full-year sales of $168.18 million for the current financial year, with estimates ranging from $167.46 million to $168.89 million. For the next financial year, analysts expect that the business will report sales of $183.09 million, with estimates ranging from $182.40 million to $183.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow XO Group.

XO Group (NYSE:XOXO) last announced its earnings results on Tuesday, July 31st. The specialty retailer reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $43.15 million during the quarter, compared to the consensus estimate of $42.85 million. XO Group had a return on equity of 8.57% and a net margin of 7.73%.

Several brokerages have recently weighed in on XOXO. ValuEngine upgraded XO Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 26th. B. Riley downgraded XO Group from a “buy” rating to a “neutral” rating and raised their target price for the company from $32.00 to $35.00 in a research note on Wednesday, September 26th. Aegis restated a “hold” rating and set a $34.00 target price on shares of XO Group in a research note on Thursday, September 27th. Zacks Investment Research upgraded XO Group from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, August 3rd. Finally, Roth Capital lowered their target price on XO Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.50.

Shares of XO Group stock traded up $0.20 during trading hours on Monday, hitting $34.79. 536,725 shares of the company’s stock traded hands, compared to its average volume of 206,913. The company has a market capitalization of $893.23 million, a PE ratio of 89.21, a P/E/G ratio of 3.52 and a beta of 0.85. XO Group has a twelve month low of $17.49 and a twelve month high of $35.83.

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in XO Group by 2.3% in the first quarter. Principal Financial Group Inc. now owns 186,092 shares of the specialty retailer’s stock worth $3,861,000 after purchasing an additional 4,171 shares in the last quarter. CIBC World Markets Inc. acquired a new position in XO Group in the second quarter worth about $308,000. BlackRock Inc. grew its stake in XO Group by 9.3% in the second quarter. BlackRock Inc. now owns 3,537,109 shares of the specialty retailer’s stock worth $113,189,000 after purchasing an additional 300,896 shares in the last quarter. Acadian Asset Management LLC grew its stake in XO Group by 524.6% in the second quarter. Acadian Asset Management LLC now owns 503,815 shares of the specialty retailer’s stock worth $16,124,000 after purchasing an additional 423,150 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in XO Group by 6.2% in the second quarter. New York State Teachers Retirement System now owns 83,529 shares of the specialty retailer’s stock worth $2,673,000 after purchasing an additional 4,912 shares in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

XO Group Company Profile

XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.

See Also: Risk Tolerance

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Earnings History and Estimates for XO Group (NYSE:XOXO)

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