Brokerages predict that XPO Logistics Inc (NYSE:XPO) will announce sales of $4.40 billion for the current quarter, Zacks reports. Eight analysts have issued estimates for XPO Logistics’ earnings, with the highest sales estimate coming in at $4.55 billion and the lowest estimate coming in at $4.35 billion. XPO Logistics posted sales of $4.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The business is expected to report its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that XPO Logistics will report full year sales of $17.68 billion for the current fiscal year, with estimates ranging from $17.35 billion to $17.92 billion. For the next fiscal year, analysts forecast that the firm will report sales of $18.65 billion, with estimates ranging from $18.12 billion to $19.16 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for XPO Logistics.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. XPO Logistics had a net margin of 2.30% and a return on equity of 11.26%. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue was down 1.7% on a year-over-year basis.
Several brokerages have recently issued reports on XPO. Zacks Investment Research restated a “sell” rating on shares of XPO Logistics in a report on Saturday, May 11th. Oppenheimer upped their target price on shares of XPO Logistics from $65.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Cowen upped their target price on shares of XPO Logistics from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays upped their target price on shares of XPO Logistics from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank set a $81.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and a consensus price target of $90.00.
NYSE XPO traded up $1.42 on Wednesday, hitting $53.53. 1,257,463 shares of the stock were exchanged, compared to its average volume of 2,530,476. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.92. XPO Logistics has a fifty-two week low of $41.05 and a fifty-two week high of $116.27. The firm has a market cap of $4.77 billion, a P/E ratio of 16.78, a PEG ratio of 0.50 and a beta of 2.41. The firm has a 50-day simple moving average of $55.80.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its holdings in shares of XPO Logistics by 7.0% in the third quarter. Vanguard Group Inc now owns 10,997,991 shares of the transportation company’s stock worth $1,255,640,000 after buying an additional 721,707 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of XPO Logistics by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,886 shares of the transportation company’s stock worth $336,000 after buying an additional 183 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of XPO Logistics by 8.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,510 shares of the transportation company’s stock worth $257,000 after buying an additional 350 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of XPO Logistics by 6.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,537 shares of the transportation company’s stock worth $487,000 after buying an additional 505 shares during the period. Finally, Fishman Jay A Ltd. MI increased its holdings in shares of XPO Logistics by 27.3% in the fourth quarter. Fishman Jay A Ltd. MI now owns 284,191 shares of the transportation company’s stock worth $16,210,000 after buying an additional 60,950 shares during the period. Hedge funds and other institutional investors own 88.25% 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, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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