Brokerages forecast that XPO Logistics Inc (NYSE:XPO) will report earnings of $0.97 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for XPO Logistics’ earnings. The lowest EPS estimate is $0.72 and the highest is $1.08. XPO Logistics reported earnings of $0.60 per share in the same quarter last year, which indicates a positive year over year growth rate of 61.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 1st.
On average, analysts expect that XPO Logistics will report full-year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $3.69. For the next year, analysts forecast that the business will report earnings of $4.33 per share, with EPS estimates ranging from $4.00 to $4.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.91 billion. XPO Logistics had a return on equity of 7.95% and a net margin of 2.34%. XPO Logistics’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share.
A number of research firms recently issued reports on XPO. ValuEngine downgraded XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, June 29th. Stifel Nicolaus began coverage on XPO Logistics in a report on Tuesday, June 19th. They set a “hold” rating and a $118.00 price objective for the company. R. F. Lafferty began coverage on XPO Logistics in a report on Tuesday, July 10th. They set a “buy” rating and a $125.00 price objective for the company. Cowen increased their price objective on XPO Logistics from $100.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Finally, Credit Suisse Group raised their price target on XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.62.
Shares of XPO Logistics traded down $1.06, reaching $100.62, during mid-day trading on Thursday, Marketbeat Ratings reports. 703,498 shares of the stock were exchanged, compared to its average volume of 1,548,559. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $12.06 billion, a PE ratio of 51.65, a PEG ratio of 0.90 and a beta of 2.53. XPO Logistics has a one year low of $54.34 and a one year high of $115.49.
Large investors have recently added to or reduced their stakes in the stock. Gables Capital Management Inc. acquired a new stake in XPO Logistics during the 1st quarter worth approximately $102,000. Summit Trail Advisors LLC raised its holdings in XPO Logistics by 22,168.7% in the 1st quarter. Summit Trail Advisors LLC now owns 186,166 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 185,330 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in XPO Logistics in the 1st quarter valued at $198,000. First Allied Advisory Services Inc. acquired a new position in XPO Logistics in the 1st quarter valued at $200,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in XPO Logistics in the 2nd quarter valued at $211,000.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, 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; and logistics services for domestic, cross-border, and international shipments.
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