XPO (NYSE:XPO) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

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

XPO Trading Up 3.3 %

XPO stock traded up $3.64 during trading on Friday, reaching $112.56. The company had a trading volume of 4,012,750 shares, compared to its average volume of 1,617,625. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO has a 52 week low of $45.24 and a 52 week high of $130.51. The business has a 50 day moving average of $120.80 and a 200 day moving average of $100.16. The company has a market cap of $13.09 billion, a P/E ratio of 69.91, a PEG ratio of 2.62 and a beta of 2.17.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XPO. Barclays increased their price objective on shares of XPO from $100.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Citigroup upped their price objective on shares of XPO from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Bank of America upped their price target on shares of XPO from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, April 15th. Benchmark increased their target price on shares of XPO from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley downgraded shares of XPO from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $75.00 to $80.00 in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.