Equities research analysts expect XPO Logistics Inc (NYSE:XPO) to post sales of $3.87 billion for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for XPO Logistics’ earnings. The lowest sales estimate is $3.68 billion and the highest is $4.01 billion. XPO Logistics reported sales of $3.54 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that XPO Logistics will report full-year sales of $16.43 billion for the current year, with estimates ranging from $15.62 billion to $16.74 billion. For the next financial year, analysts forecast that the company will post sales of $17.48 billion per share, with estimates ranging from $16.71 billion to $17.87 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year.
A number of research firms have recently issued reports on XPO. Oppenheimer lifted their price objective on shares of XPO Logistics from $104.00 to $119.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays reiterated an “overweight” rating and issued a $130.00 target price on shares of XPO Logistics in a research note on Tuesday, April 17th. Zacks Investment Research downgraded shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, April 14th. Vetr upgraded shares of XPO Logistics from a “hold” rating to a “strong-buy” rating and set a $115.78 target price on the stock in a research note on Tuesday, April 10th. Finally, ValuEngine upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has an average rating of “Buy” and a consensus target price of $103.04.
Shares of NYSE XPO traded down $1.96 during mid-day trading on Thursday, reaching $104.44. 1,396,367 shares of the company were exchanged, compared to its average volume of 1,373,202. XPO Logistics has a 52 week low of $47.76 and a 52 week high of $109.06. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $12,525.80, a P/E ratio of 53.56, a P/E/G ratio of 1.02 and a beta of 2.42.
Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of XPO Logistics during the 4th quarter worth approximately $172,000. Oak Point Wealth Management purchased a new stake in XPO Logistics in the fourth quarter worth about $220,000. Pillar Pacific Capital Management LLC purchased a new stake in XPO Logistics in the fourth quarter worth about $224,000. Atria Investments LLC purchased a new stake in XPO Logistics in the fourth quarter worth about $230,000. Finally, American International Group Inc. purchased a new stake in XPO Logistics in the fourth quarter worth about $246,000.
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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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