RXO (NYSE:RXO) Issues Earnings Results

RXO (NYSE:RXO) issued its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Zacks reports. RXO had a negative net margin of 6.81% and a positive return on equity of 1.64%.

RXO Stock Down 18.7 %

RXO traded down $4.72 during trading on Wednesday, hitting $20.54. 1,192,247 shares of the company’s stock traded hands, compared to its average volume of 970,772. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of -10.47, a PEG ratio of 3.98 and a beta of 1.53. The company’s 50 day simple moving average is $26.12 and its two-hundred day simple moving average is $27.59. RXO has a 12-month low of $18.75 and a 12-month high of $32.82. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price target on shares of RXO in a research report on Monday, November 18th. Susquehanna lowered their target price on RXO from $16.00 to $12.00 and set a “negative” rating for the company in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price target on RXO from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Citigroup lowered RXO from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Tuesday, November 12th. Finally, Barclays reduced their target price on shares of RXO from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.79.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.