Wall Street analysts expect that XPO Logistics, Inc. (NYSE:XPO) will report earnings per share (EPS) of $0.59 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for XPO Logistics’ earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.71. XPO Logistics reported earnings per share of $0.41 in the same quarter last year, which suggests a positive year-over-year growth rate of 43.9%. The company is scheduled to announce its next earnings results on Wednesday, November 1st.
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 $1.68 to $2.12. For the next financial year, analysts expect that the business will report earnings of $2.85 per share, with EPS estimates ranging from $2.46 to $3.17. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.
XPO has been the subject of a number of research analyst reports. Vertical Research initiated coverage on XPO Logistics in a research report on Thursday, April 13th. They issued a “buy” rating and a $60.00 target price for the company. Stifel Nicolaus lifted their price target on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Credit Suisse Group lifted their price target on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Morgan Stanley lifted their price target on XPO Logistics from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $63.00 price target (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. XPO Logistics presently has an average rating of “Buy” and an average target price of $66.73.
Shares of XPO Logistics (NYSE XPO) traded down 4.18% during midday trading on Thursday, hitting $54.99. The company’s stock had a trading volume of 2,222,692 shares. The company has a 50-day moving average price of $61.34 and a 200 day moving average price of $53.32. XPO Logistics has a 1-year low of $31.68 and a 1-year high of $65.44. The company has a market cap of $6.48 billion, a P/E ratio of 62.99 and a beta of 2.31.
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Several institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. acquired a new position in shares of XPO Logistics during the first quarter worth $3,956,000. FMR LLC increased its position in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the last quarter. American Century Companies Inc. increased its position in shares of XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock worth $9,217,000 after buying an additional 2,317 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new position in shares of XPO Logistics during the first quarter worth $210,000. Finally, Sheets Smith Wealth Management acquired a new position in shares of XPO Logistics during the second quarter worth $322,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.
About XPO Logistics
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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