Brokerages expect XPO Logistics Inc (NYSE:XPO) to announce $3.87 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for XPO Logistics’ earnings, with the lowest sales estimate coming in at $3.68 billion and the highest estimate coming in at $4.01 billion. XPO Logistics reported sales of $3.54 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that XPO Logistics will report full-year sales of $3.87 billion for the current fiscal year, with estimates ranging from $15.62 billion to $16.74 billion. For the next financial year, analysts anticipate that the company will post sales of $17.47 billion per share, with estimates ranging from $16.69 billion to $17.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow XPO Logistics.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. XPO Logistics’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS.
XPO has been the subject of a number of analyst reports. Vetr cut shares of XPO Logistics from a “strong-buy” rating to a “buy” rating and set a $106.35 price objective for the company. in a report on Monday, February 26th. Deutsche Bank restated a “buy” rating on shares of XPO Logistics in a report on Thursday, December 28th. Bank of America set a $103.00 price objective on shares of XPO Logistics and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of 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. Finally, Oppenheimer restated a “buy” rating and set a $104.00 price objective on shares of XPO Logistics in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. XPO Logistics presently has a consensus rating of “Buy” and a consensus target price of $96.60.
Shares of XPO Logistics stock traded down $1.79 during midday trading on Friday, reaching $102.88. 1,883,582 shares of the company were exchanged, compared to its average volume of 1,610,874. The firm has a market capitalization of $12,553.41, a PE ratio of 42.43, a P/E/G ratio of 1.05 and a beta of 2.41. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.20. XPO Logistics has a 52-week low of $44.51 and a 52-week high of $106.20.
Several institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics in the third quarter worth $102,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of XPO Logistics in the fourth quarter worth $172,000. Oak Point Wealth Management bought a new stake in shares of XPO Logistics in the fourth quarter worth $220,000. Pillar Pacific Capital Management LLC bought a new stake in shares of XPO Logistics in the fourth quarter worth $224,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of XPO Logistics in the third quarter worth $230,000.
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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