XPO (NYSE:XPO) Releases Earnings Results, Beats Expectations By $0.21 EPS

XPO (NYSE:XPO) issued its earnings results on Thursday. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21, Zacks reports. XPO had a return on equity of 31.16% and a net margin of 4.57%.

XPO Price Performance

Shares of XPO traded up $8.53 during trading hours on Thursday, hitting $144.84. 1,741,656 shares of the stock were exchanged, compared to its average volume of 1,522,976. The stock’s 50-day moving average price is $141.35 and its two-hundred day moving average price is $127.57. XPO has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 1.75 and a beta of 2.12.

Analyst Ratings Changes

Several research firms have recently commented on XPO. Benchmark upped their price objective on shares of XPO from $150.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Susquehanna cut XPO from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $155.00 in a report on Tuesday, January 7th. TD Cowen lifted their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

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.