KeyCorp Comments on XPO Logistics Inc’s Q1 2019 Earnings (XPO)
XPO Logistics Inc (NYSE:XPO) – Equities researchers at KeyCorp issued their Q1 2019 earnings estimates for XPO Logistics in a research note issued on Sunday, January 13th. KeyCorp analyst T. Fowler expects that the transportation company will post earnings per share of $0.73 for the quarter. KeyCorp currently has a “Overweight” rating and a $85.00 price target on the stock. KeyCorp also issued estimates for XPO Logistics’ Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $0.97 EPS, FY2019 earnings at $3.95 EPS and FY2020 earnings at $5.00 EPS.
A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank set a $108.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Tuesday, January 1st. Barclays lowered their price objective on shares of XPO Logistics from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Citigroup lowered their price objective on shares of XPO Logistics from $114.00 to $96.00 and set an “outperform” rating for the company in a research report on Monday, December 17th. Stifel Nicolaus set a $98.00 price objective on shares of XPO Logistics and gave the stock a “buy” rating in a research report on Friday, December 14th. Finally, ValuEngine cut shares of XPO Logistics from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $105.52.
XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, October 31st. The transportation company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.09). The firm had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. XPO Logistics had a net margin of 3.04% and a return on equity of 9.70%. XPO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share.
Hedge funds have recently added to or reduced their stakes in the stock. Bainco International Investors increased its position in XPO Logistics by 1.4% in the 2nd quarter. Bainco International Investors now owns 70,660 shares of the transportation company’s stock valued at $7,079,000 after acquiring an additional 985 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in XPO Logistics by 23.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,479 shares of the transportation company’s stock valued at $449,000 after acquiring an additional 854 shares during the period. Envestnet Asset Management Inc. increased its position in XPO Logistics by 16.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,964 shares of the transportation company’s stock valued at $497,000 after acquiring an additional 697 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in XPO Logistics in the 2nd quarter valued at approximately $862,000. Finally, AMP Capital Investors Ltd acquired a new position in XPO Logistics in the 2nd quarter valued at approximately $3,713,000. Institutional investors and hedge funds own 93.51% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.
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