Brokerages forecast that XPO Logistics Inc (NYSE:XPO) will announce $1.00 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for XPO Logistics’ earnings. The highest EPS estimate is $1.12 and the lowest is $0.81. XPO Logistics reported earnings per share of $0.59 in the same quarter last year, which would suggest a positive year over year growth rate of 69.5%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, October 31st.
According to Zacks, analysts expect that XPO Logistics will report full year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.30 to $3.65. For the next year, analysts forecast that the company will report earnings of $4.41 per share, with EPS estimates ranging from $3.97 to $5.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow XPO Logistics.
XPO Logistics (NYSE:XPO) last announced its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.01. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.29 billion. XPO Logistics had a return on equity of 9.12% and a net margin of 2.84%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share.
Several research analysts have issued reports on the company. KeyCorp dropped their target price on XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, August 3rd. ValuEngine cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Stifel Nicolaus began coverage on XPO Logistics in a research report on Tuesday, June 19th. They issued a “hold” rating and a $118.00 target price on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $142.00 price objective (up from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Finally, Bank of America lowered their price objective on XPO Logistics from $117.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $113.30.
NYSE:XPO traded up $0.46 on Friday, hitting $99.70. The stock had a trading volume of 1,475,720 shares, compared to its average volume of 1,421,448. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 0.85 and a beta of 2.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. XPO Logistics has a 52-week low of $63.28 and a 52-week high of $116.27.
Hedge funds have recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new position in shares of XPO Logistics during the 1st quarter valued at about $102,000. NEXT Financial Group Inc bought a new stake in XPO Logistics during the 3rd quarter valued at approximately $129,000. Signet Financial Management LLC bought a new stake in XPO Logistics during the 2nd quarter valued at approximately $127,000. Cerebellum GP LLC bought a new stake in XPO Logistics during the 3rd quarter valued at approximately $190,000. Finally, First Allied Advisory Services Inc. bought a new stake in XPO Logistics during the 1st quarter valued at approximately $200,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
XPO Logistics Company Profile
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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