Equities research analysts expect that XPO Logistics, Inc. (NYSE:XPO) will announce earnings of $0.60 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for XPO Logistics’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.69. XPO Logistics posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that XPO Logistics will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $2.12. For the next fiscal year, analysts expect that the business will post earnings of $2.88 per share, with EPS estimates ranging from $2.65 to $3.17. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for XPO Logistics.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%.
A number of research analysts have commented on the company. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus reiterated a “buy” rating and set a $78.00 target price (up previously from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. KeyCorp upped their target price on XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Finally, Credit Suisse Group upped their target price on XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.69.
Several hedge funds have recently bought and sold shares of XPO. Hennessy Advisors Inc. bought a new stake in XPO Logistics during the first quarter valued at $3,956,000. AQR Capital Management LLC increased its stake in XPO Logistics by 509.6% in the fourth quarter. AQR Capital Management LLC now owns 39,178 shares of the transportation company’s stock valued at $1,691,000 after buying an additional 32,751 shares during the last quarter. FMR LLC increased its stake in XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock valued at $79,988,000 after buying an additional 319,056 shares during the last quarter. American Century Companies Inc. increased its stake in XPO Logistics by 1.2% in the first quarter. American Century Companies Inc. now owns 192,457 shares of the transportation company’s stock valued at $9,217,000 after buying an additional 2,317 shares during the last quarter. Finally, Gofen & Glossberg LLC IL bought a new stake in XPO Logistics during the first quarter valued at $210,000. Institutional investors own 93.09% of the company’s stock.
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Shares of XPO Logistics (NYSE XPO) traded up 0.13% during midday trading on Friday, hitting $60.75. The stock had a trading volume of 1,421,253 shares. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 71.64 and a beta of 2.31. The firm’s 50-day moving average price is $61.41 and its 200-day moving average price is $51.83. XPO Logistics has a 1-year low of $27.93 and a 1-year high of $65.44.
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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