QXO (QXO) to Release Earnings on Wednesday

Key Points

• QXO is set to announce its Q2 2025 earnings on August 13th, with analysts predicting earnings of $0.04 per share and revenue of $1.87 billion.
• The stock has seen a slight decline of 0.7%, currently trading at $19.48, and analysts have a consensus buy rating with an average target price of $32.71.
• Recent investments in QXO include significant holdings by UBS AM and Royal Bank of Canada, indicating strong institutional interest in the company.

QXO (NASDAQ:QXO - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.87 billion for the quarter.

QXO Price Performance

QXO stock traded down $0.10 during mid-day trading on Friday, hitting $19.28. 4,025,873 shares of the company's stock traded hands, compared to its average volume of 5,707,979. The firm has a 50 day simple moving average of $20.80 and a two-hundred day simple moving average of $16.25. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of -2.11, a P/E/G ratio of 4.09 and a beta of 2.34. QXO has a fifty-two week low of $10.62 and a fifty-two week high of $24.69.

Hedge Funds Weigh In On QXO

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in shares of QXO by 6.6% in the first quarter. Millennium Management LLC now owns 322,115 shares of the company's stock worth $4,361,000 after purchasing an additional 20,067 shares in the last quarter. AQR Capital Management LLC bought a new position in QXO in the 1st quarter worth approximately $615,000. Royal Bank of Canada boosted its holdings in QXO by 67.5% in the 1st quarter. Royal Bank of Canada now owns 119,688 shares of the company's stock worth $1,620,000 after buying an additional 48,248 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in QXO by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company's stock valued at $9,449,000 after buying an additional 81,758 shares in the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Truist Financial started coverage on QXO in a report on Tuesday, July 1st. They issued a "buy" rating and a $30.00 price objective for the company. Wolfe Research started coverage on shares of QXO in a research note on Friday, June 6th. They set an "outperform" rating and a $44.00 price objective on the stock. Baird R W upgraded shares of QXO to a "strong-buy" rating in a research report on Thursday, June 12th. William Blair began coverage on shares of QXO in a research report on Wednesday, June 18th. They set an "outperform" rating on the stock. Finally, Oppenheimer started coverage on QXO in a report on Wednesday, June 11th. They issued an "outperform" rating and a $27.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $32.71.

QXO Company Profile

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.