XPO Logistics Inc (NYSE:XPO) – Research analysts at William Blair dropped their Q2 2018 earnings per share estimates for shares of XPO Logistics in a research note issued on Monday, June 18th. William Blair analyst T. Mulrooney now forecasts that the transportation company will post earnings of $0.95 per share for the quarter, down from their previous estimate of $1.00. William Blair also issued estimates for XPO Logistics’ Q3 2018 earnings at $0.99 EPS and FY2018 earnings at $3.44 EPS.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, May 2nd. The transportation company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. XPO Logistics had a net margin of 2.34% and a return on equity of 7.95%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the business earned $0.30 earnings per share. XPO Logistics’s quarterly revenue was up 18.4% compared to the same quarter last year.
XPO has been the subject of several other research reports. Deutsche Bank set a $133.00 price objective on shares of XPO Logistics and gave the company a “buy” rating in a research report on Sunday, February 25th. Oppenheimer increased their price objective on shares of XPO Logistics from $104.00 to $119.00 and gave the company an “outperform” rating in a research report on Wednesday, April 18th. Barclays reiterated an “overweight” rating and set a $130.00 price objective on shares of XPO Logistics in a research report on Tuesday, April 17th. Cowen increased their price objective on shares of XPO Logistics from $112.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Finally, Credit Suisse Group increased their price objective on shares of XPO Logistics from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. XPO Logistics has an average rating of “Buy” and a consensus price target of $107.71.
XPO Logistics opened at $112.14 on Thursday, MarketBeat.com reports. XPO Logistics has a 52 week low of $54.34 and a 52 week high of $115.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 57.51, a price-to-earnings-growth ratio of 1.14 and a beta of 2.46.
Hedge funds have recently bought and sold shares of the stock. Gables Capital Management Inc. purchased a new position in XPO Logistics in the 1st quarter worth about $102,000. Robeco Institutional Asset Management B.V. purchased a new position in XPO Logistics in the 1st quarter worth about $198,000. First Allied Advisory Services Inc. purchased a new position in XPO Logistics in the 1st quarter worth about $200,000. HL Financial Services LLC purchased a new position in XPO Logistics in the 1st quarter worth about $264,000. Finally, IBM Retirement Fund purchased a new position in XPO Logistics in the 1st quarter worth about $266,000.
About XPO Logistics
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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