Analysts expect that XPO Logistics Inc (NYSE:XPO) will post $4.35 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for XPO Logistics’ earnings, with the lowest sales estimate coming in at $4.26 billion and the highest estimate coming in at $4.41 billion. XPO Logistics reported sales of $4.36 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.2%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, August 1st.

According to Zacks, analysts expect that XPO Logistics will report full-year sales of $17.59 billion for the current year, with estimates ranging from $17.35 billion to $17.92 billion. For the next year, analysts anticipate that the firm will report sales of $18.57 billion, with estimates ranging from $18.12 billion to $19.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover XPO Logistics.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was down 1.7% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of XPO Logistics from $65.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a “hold” rating in a report on Monday, July 8th. Deutsche Bank lifted their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. XPO Logistics currently has an average rating of “Buy” and an average price target of $82.80.

A number of hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its stake in XPO Logistics by 20.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 176 shares during the last quarter. State of Alaska Department of Revenue raised its stake in XPO Logistics by 0.7% during the first quarter. State of Alaska Department of Revenue now owns 29,891 shares of the transportation company’s stock worth $1,605,000 after buying an additional 215 shares during the last quarter. Standard Life Aberdeen plc increased its stake in XPO Logistics by 3.6% in the fourth quarter. Standard Life Aberdeen plc now owns 6,681 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 231 shares in the last quarter. Cohen & Steers Inc. increased its stake in XPO Logistics by 51.8% in the fourth quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 460 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in XPO Logistics by 4.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 10,890 shares of the transportation company’s stock worth $585,000 after purchasing an additional 462 shares during the last quarter. 88.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE XPO traded down $2.47 during trading hours on Friday, hitting $59.74. 1,275,300 shares of the stock were exchanged, compared to its average volume of 2,394,843. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. The firm has a market cap of $5.72 billion, a P/E ratio of 18.73, a PEG ratio of 0.57 and a beta of 2.34. The firm has a fifty day moving average of $55.72. XPO Logistics has a 1-year low of $41.05 and a 1-year high of $116.27.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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Earnings History and Estimates for XPO Logistics (NYSE:XPO)

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