Wall Street analysts expect XPO Logistics Inc (NYSE:XPO) to report sales of $4.60 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for XPO Logistics’ earnings. The highest sales estimate is $4.81 billion and the lowest is $4.44 billion. XPO Logistics reported sales of $4.19 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is expected to issue its next earnings results on Wednesday, February 6th.
On average, analysts expect that XPO Logistics will report full year sales of $17.51 billion for the current year, with estimates ranging from $17.37 billion to $17.83 billion. For the next fiscal year, analysts expect that the firm will post sales of $18.90 billion, with estimates ranging from $18.40 billion to $19.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow XPO Logistics.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 31st. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.09). XPO Logistics had a return on equity of 10.01% and a net margin of 3.04%. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. XPO Logistics’s quarterly revenue was up 11.5% compared to the same quarter last year.
Several equities research analysts have issued reports on XPO shares. Jefferies Financial Group started coverage on shares of XPO Logistics in a research note on Wednesday, October 3rd. They set a “buy” rating and a $145.00 price objective for the company. Deutsche Bank restated a “buy” rating and issued a $142.00 target price (up from $133.00) on shares of XPO Logistics in a research note on Thursday, August 2nd. Stifel Nicolaus upped their target price on shares of XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Bank of America decreased their target price on shares of XPO Logistics from $117.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, R. F. Lafferty began coverage on shares of XPO Logistics in a research note on Tuesday, July 10th. They issued a “buy” rating and a $125.00 target price for the company. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and a consensus target price of $112.14.
XPO traded up $0.70 during trading on Thursday, hitting $85.12. 1,653,586 shares of the company’s stock were exchanged, compared to its average volume of 1,477,416. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.07. XPO Logistics has a 1 year low of $70.32 and a 1 year high of $116.27. The company has a market cap of $11.17 billion, a P/E ratio of 43.65, a P/E/G ratio of 0.68 and a beta of 2.56.
Several hedge funds have recently made changes to their positions in the company. Macguire Cheswick & Tuttle Investment Counsel LLC raised its holdings in XPO Logistics by 0.8% in the third quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 74,250 shares of the transportation company’s stock valued at $8,477,000 after acquiring an additional 600 shares in the last quarter. Motley Fool Wealth Management LLC raised its holdings in XPO Logistics by 1.7% in the third quarter. Motley Fool Wealth Management LLC now owns 177,348 shares of the transportation company’s stock valued at $20,248,000 after acquiring an additional 2,966 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in XPO Logistics by 15.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 18,200 shares of the transportation company’s stock valued at $2,078,000 after acquiring an additional 2,500 shares in the last quarter. Cottage Street Advisors LLC raised its holdings in XPO Logistics by 9.5% in the third quarter. Cottage Street Advisors LLC now owns 24,975 shares of the transportation company’s stock valued at $2,851,000 after acquiring an additional 2,175 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in XPO Logistics by 6.6% in the third quarter. American Century Companies Inc. now owns 2,161,899 shares of the transportation company’s stock valued at $246,824,000 after acquiring an additional 133,057 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.
XPO Logistics Company Profile
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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