XPO Logistics (NYSE:XPO) Releases Earnings Results, Beats Expectations By $0.49 EPS


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XPO Logistics (NYSE:XPO) issued its earnings results on Sunday. The transportation company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.49, MarketWatch Earnings reports. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.33 billion. XPO Logistics had a net margin of 0.82% and a return on equity of 9.11%. XPO Logistics’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share.

Shares of XPO Logistics stock traded up $0.52 on Tuesday, reaching $141.52. 1,689,766 shares of the company were exchanged, compared to its average volume of 1,026,581. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.68. XPO Logistics has a fifty-two week low of $60.75 and a fifty-two week high of $142.70. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 171.95, a price-to-earnings-growth ratio of 11.01 and a beta of 2.33. The stock has a fifty day moving average price of $129.91 and a 200-day moving average price of $117.15.

In other XPO Logistics news, President Troy A. Cooper sold 25,974 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $118.98, for a total transaction of $3,090,386.52. Following the sale, the president now directly owns 139,315 shares of the company’s stock, valued at approximately $16,575,698.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lance A. Robinson sold 7,650 shares of the stock in a transaction on Thursday, February 18th. The shares were sold at an average price of $118.12, for a total value of $903,618.00. Following the completion of the sale, the chief accounting officer now owns 74,955 shares of the company’s stock, valued at approximately $8,853,684.60. The disclosure for this sale can be found here. Insiders sold a total of 449,830 shares of company stock worth $56,391,645 in the last three months. 18.90% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on XPO Logistics in a report on Friday. They issued a “buy” rating and a $162.00 price target on the stock. Raymond James boosted their price target on shares of XPO Logistics from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, April 21st. Truist Securities increased their price objective on shares of XPO Logistics from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, April 21st. Citigroup boosted their target price on shares of XPO Logistics from $138.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Finally, Morgan Stanley raised their price target on shares of XPO Logistics from $80.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 16th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $140.08.

XPO Logistics Company Profile

XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.

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Earnings History for XPO Logistics (NYSE:XPO)

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