XPO Logistics Inc (NYSE:XPO) – Stock analysts at Oppenheimer increased their Q2 2018 earnings estimates for XPO Logistics in a research note issued on Sunday, Zacks Investment Research reports. Oppenheimer analyst S. Schneeberger now forecasts that the transportation company will earn $0.98 per share for the quarter, up from their previous estimate of $0.88. Oppenheimer currently has a “Buy” rating and a $104.00 price target on the stock. Oppenheimer also issued estimates for XPO Logistics’ Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.22 EPS and FY2019 earnings at $4.00 EPS.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. XPO Logistics’s revenue was up 14.1% on a year-over-year basis.
Several other research analysts have also commented on the company. Zacks Investment Research raised XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Thursday, February 15th. Morgan Stanley boosted their price objective on XPO Logistics from $85.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Credit Suisse Group cut their price objective on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Stephens set a $95.00 price objective on XPO Logistics and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Deutsche Bank set a $133.00 price objective on XPO Logistics and gave the stock a “buy” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus price target of $96.20.
Shares of XPO Logistics (NYSE:XPO) traded up $1.88 during midday trading on Tuesday, hitting $93.65. The stock had a trading volume of 667,951 shares, compared to its average volume of 1,538,003. XPO Logistics has a 52 week low of $44.51 and a 52 week high of $98.37. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $11,270.00, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 0.92 and a beta of 2.55.
A number of hedge funds have recently made changes to their positions in XPO. Raymond James Financial Services Advisors Inc. bought a new stake in XPO Logistics in the second quarter valued at approximately $682,000. California State Teachers Retirement System lifted its position in XPO Logistics by 2.9% in the second quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock valued at $12,837,000 after purchasing an additional 5,505 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in XPO Logistics in the second quarter valued at approximately $3,214,000. Eqis Capital Management Inc. bought a new stake in XPO Logistics in the third quarter valued at approximately $231,000. Finally, Sit Investment Associates Inc. lifted its position in XPO Logistics by 120.3% in the third quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock valued at $1,683,000 after purchasing an additional 13,560 shares during the last quarter.
About XPO Logistics
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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