Zacks: Brokerages Expect XO Group, Inc. (XOXO) Will Post Earnings of $0.11 Per Share
Brokerages forecast that XO Group, Inc. (NYSE:XOXO) will announce earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for XO Group’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. XO Group reported earnings per share of $0.07 during the same quarter last year, which would suggest a positive year-over-year growth rate of 57.1%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that XO Group will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.32 to $0.36. For the next year, analysts anticipate that the business will report earnings of $0.67 per share, with EPS estimates ranging from $0.52 to $0.95. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover XO Group.
XO Group (NYSE:XOXO) last issued its quarterly earnings results on Monday, July 31st. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $41.51 million. XO Group had a net margin of 4.55% and a return on equity of 4.71%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share.
Several equities analysts have recently weighed in on the company. BidaskClub raised XO Group from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. B. Riley reaffirmed a “neutral” rating and issued a $16.75 price objective on shares of XO Group in a research note on Sunday, August 6th. Roth Capital set a $21.00 price objective on XO Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered XO Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, ValuEngine raised XO Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.15.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOXO. Mason Street Advisors LLC lifted its position in XO Group by 6.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,782 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 347 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in XO Group by 88.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,943 shares of the specialty retailer’s stock worth $158,000 after acquiring an additional 4,209 shares in the last quarter. First Quadrant L P CA acquired a new position in XO Group during the 2nd quarter worth approximately $178,000. Trexquant Investment LP acquired a new position in XO Group during the 1st quarter worth approximately $181,000. Finally, Arizona State Retirement System lifted its position in XO Group by 0.8% during the 1st quarter. Arizona State Retirement System now owns 12,895 shares of the specialty retailer’s stock worth $222,000 after acquiring an additional 100 shares in the last quarter. 83.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of XO Group (XOXO) opened at 20.80 on Thursday. The stock’s 50 day moving average is $18.87 and its 200 day moving average is $17.80. The firm has a market cap of $519.13 million, a PE ratio of 74.29 and a beta of 0.96. XO Group has a 12 month low of $14.99 and a 12 month high of $20.99.
XO Group Company Profile
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company’s multi-platform brands guide couples through transformative life stages from getting married with The Knot, to moving in together with The Nest, to having a baby with The Bump, and helping bring celebrations to life with entertainment vendors from GigMasters.com Incorporated (GigMasters).
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