XPO Logistics (NYSE:XPO) issued its quarterly earnings results on Wednesday. The transportation company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09), Briefing.com reports. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the company earned $0.59 earnings per share. XPO Logistics’s revenue for the quarter was up 11.5% on a year-over-year basis.
Shares of NYSE:XPO traded down $2.39 during midday trading on Thursday, reaching $86.99. 5,378,535 shares of the company’s stock were exchanged, compared to its average volume of 1,473,456. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 0.65 and a beta of 2.32. XPO Logistics has a 12 month low of $68.58 and a 12 month high of $116.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26.
A number of analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Jefferies Financial Group set a $145.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a report on Thursday. Bank of America raised shares of XPO Logistics from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday. They noted that the move was a valuation call. R. F. Lafferty assumed coverage on shares of XPO Logistics in a report on Tuesday, July 10th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Deutsche Bank reissued a “buy” rating and issued a $142.00 price target (up from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $112.99.
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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