Brokers Offer Predictions for XPO Logistics, Inc.’s FY2017 Earnings (XPO)
XPO Logistics, Inc. (NYSE:XPO) – Stock analysts at William Blair reduced their FY2017 earnings per share (EPS) estimates for XPO Logistics in a research report issued on Friday. William Blair analyst T. Mulrooney now forecasts that the transportation company will earn $1.89 per share for the year, down from their previous forecast of $1.94. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for XPO Logistics’ Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.90 EPS and Q4 2018 earnings at $0.61 EPS.
A number of other research analysts have also recently commented on XPO. Cowen and Company upped their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday. Credit Suisse Group upped their target price on shares of XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a research report on Friday. Finally, Barclays PLC upped their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $73.50.
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XPO Logistics (XPO) opened at $73.25 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $8,760.70, a P/E ratio of 42.34, a PEG ratio of 1.04 and a beta of 2.47.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. XPO Logistics had a net margin of 1.11% and a return on equity of 7.34%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. XPO Logistics’s revenue for the quarter was up 4.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after buying an additional 466 shares during the period. Argent Trust Co purchased a new stake in shares of XPO Logistics during the second quarter worth approximately $205,000. Boston Advisors LLC purchased a new stake in shares of XPO Logistics during the second quarter worth approximately $212,000. HighTower Advisors LLC purchased a new stake in shares of XPO Logistics during the first quarter worth approximately $214,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of XPO Logistics by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after buying an additional 1,129 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.
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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