XPO Logistics, Inc. (XPO) to Post FY2017 Earnings of $1.93 Per Share, Oppenheimer Holdings Forecasts
XPO Logistics, Inc. (NYSE:XPO) – Stock analysts at Oppenheimer Holdings upped their FY2017 earnings per share estimates for XPO Logistics in a research note issued on Monday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will post earnings of $1.93 per share for the year, up from their prior estimate of $1.86. Oppenheimer Holdings currently has a “Buy” rating and a $77.00 target price on the stock. Oppenheimer Holdings also issued estimates for XPO Logistics’ Q4 2017 earnings at $0.43 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.71 EPS and FY2018 earnings at $2.78 EPS.
Other equities research analysts also recently issued reports about the company. Cowen and Company restated a “buy” rating and issued a $69.00 target price on shares of XPO Logistics in a research report on Thursday, September 7th. Stifel Nicolaus set a $77.00 target price on XPO Logistics and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $75.00 target price on shares of XPO Logistics in a research report on Thursday, October 12th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $110.00 target price on shares of XPO Logistics in a research report on Friday. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $73.81.
TRADEMARK VIOLATION NOTICE: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/xpo-logistics-inc-xpo-to-post-fy2017-earnings-of-1-93-per-share-oppenheimer-holdings-forecasts/1684583.html.
Shares of XPO Logistics (NYSE XPO) opened at $73.83 on Tuesday. The stock has a market capitalization of $8,760.70, a price-to-earnings ratio of 42.34, a P/E/G ratio of 1.06 and a beta of 2.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.19 and a quick ratio of 1.19.
XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.34% and a net margin of 1.11%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share.
Large investors have recently made changes to their positions in the business. IHT Wealth Management LLC acquired a new stake in XPO Logistics during the 2nd quarter valued at $1,147,000. K.J. Harrison & Partners Inc acquired a new stake in XPO Logistics during the 3rd quarter valued at $847,000. Advisors Asset Management Inc. raised its stake in XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the period. Argent Trust Co acquired a new stake in XPO Logistics during the 2nd quarter valued at $205,000. Finally, Boston Advisors LLC acquired a new stake in XPO Logistics during the 2nd quarter valued at $212,000. 91.22% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.