XPO Logistics, Inc. to Post FY2019 Earnings of $3.52 Per Share, Oppenheimer Holdings Forecasts (XPO)
XPO Logistics, Inc. (NYSE:XPO) – Investment analysts at Oppenheimer Holdings issued their FY2019 earnings per share estimates for shares of XPO Logistics in a report released on Monday. Oppenheimer Holdings analyst S. Schneeberger forecasts that the transportation company will post earnings of $3.52 per share for the year. Oppenheimer Holdings currently has a “Outperform” rating and a $85.00 price target on the stock.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, November 1st. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 4.7% on a year-over-year basis. TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/xpo-logistics-inc-to-post-fy2019-earnings-of-3-52-per-share-oppenheimer-holdings-forecasts-xpo/1724704.html.
Several other research firms also recently issued reports on XPO. CIBC dropped their price objective on XPO Logistics from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday. Wells Fargo & Company lifted their price objective on XPO Logistics to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus lifted their price objective on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Deutsche Bank AG restated a “buy” rating and set a $110.00 price objective on shares of XPO Logistics in a report on Friday, November 3rd. Finally, Credit Suisse Group lifted their price objective on XPO Logistics from $76.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and a consensus target price of $76.28.
XPO Logistics (NYSE XPO) traded up $0.13 during mid-day trading on Wednesday, reaching $76.78. The company’s stock had a trading volume of 365,973 shares, compared to its average volume of 1,511,751. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a 52 week low of $42.07 and a 52 week high of $77.90. The stock has a market cap of $9,189.05, a P/E ratio of 44.31, a PEG ratio of 1.10 and a beta of 2.47.
Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new stake in shares of XPO Logistics in the 2nd quarter valued at approximately $1,147,000. K.J. Harrison & Partners Inc bought a new stake in shares of XPO Logistics in the 3rd quarter valued at approximately $847,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics in the 3rd quarter valued at approximately $102,000. Advisors Asset Management Inc. increased its holdings in shares of XPO Logistics by 18.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after acquiring an additional 466 shares during the last quarter. Finally, Argent Trust Co bought a new stake in shares of XPO Logistics in the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 94.57% of the company’s stock.
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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