Equities research analysts expect XPO Logistics, Inc. (NYSE:XPO) to announce earnings per share (EPS) of $0.43 for the current quarter, Zacks reports. Nine analysts have provided estimates for XPO Logistics’ earnings, with estimates ranging from $0.38 to $0.50. XPO Logistics reported earnings of $0.24 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 79.2%. The business is scheduled to announce its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that XPO Logistics will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.00. For the next financial year, analysts forecast that the business will report earnings of $2.85 per share, with EPS estimates ranging from $2.50 to $3.32. Zacks’ EPS averages are a mean average based on a survey of analysts that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.83% and a return on equity of 7.55%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share.
Several analysts recently commented on the stock. The Goldman Sachs Group, Inc. assumed coverage on shares of XPO Logistics in a report on Monday, November 13th. They set a “buy” rating and a $90.00 price target for the company. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $77.00 price target (up from $75.00) on shares of XPO Logistics in a report on Monday, November 6th. Wells Fargo & Company raised their price target on shares of XPO Logistics to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Cowen and Company raised their price target on shares of XPO Logistics from $69.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus set a $77.00 price target on shares of XPO Logistics and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $75.17.
XPO Logistics (XPO) traded up $0.48 during mid-day trading on Monday, hitting $74.67. 1,199,979 shares of the company traded hands, compared to its average volume of 1,518,658. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $8,890.00, a PE ratio of 42.32, a P/E/G ratio of 1.05 and a beta of 2.47. XPO Logistics has a twelve month low of $41.89 and a twelve month high of $74.90.
Several large investors have recently added to or reduced their stakes in XPO. Prudential Financial Inc. raised its position in shares of XPO Logistics by 1.5% in the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 150 shares during the period. Teachers Advisors LLC raised its position in shares of XPO Logistics by 12.9% in the first quarter. Teachers Advisors LLC now owns 223,142 shares of the transportation company’s stock valued at $10,686,000 after purchasing an additional 25,480 shares during the period. Legal & General Group Plc raised its position in shares of XPO Logistics by 10.6% in the first quarter. Legal & General Group Plc now owns 39,374 shares of the transportation company’s stock valued at $1,882,000 after purchasing an additional 3,774 shares during the period. AQR Capital Management LLC raised its position in shares of XPO Logistics by 12.8% in the first quarter. AQR Capital Management LLC now owns 44,183 shares of the transportation company’s stock valued at $2,116,000 after purchasing an additional 5,005 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of XPO Logistics in the first quarter valued at approximately $214,000. 91.57% of the stock is currently owned by institutional investors.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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