XPO Logistics (NYSE:XPO) Issues Quarterly Earnings Results


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XPO Logistics (NYSE:XPO) announced its earnings results on Sunday. The transportation company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.97 by $0.49, MarketWatch Earnings reports. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.33 billion. XPO Logistics had a return on equity of 9.11% and a net margin of 0.82%. XPO Logistics’s revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS.

NYSE XPO traded up $0.52 during trading on Tuesday, reaching $141.52. 1,689,766 shares of the stock traded hands, compared to its average volume of 1,026,581. XPO Logistics has a fifty-two week low of $60.75 and a fifty-two week high of $142.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.68. The firm has a market cap 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’s 50-day moving average price is $129.91 and its 200 day moving average price is $117.15.

In other XPO Logistics news, CEO S Jacobs Bradley sold 61,200 shares of the business’s stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $137.01, for a total value of $8,385,012.00. Following the completion of the transaction, the chief executive officer now directly owns 387,416 shares of the company’s stock, valued at $53,079,866.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Lance A. Robinson sold 7,650 shares of the stock in a transaction dated Thursday, February 18th. The stock was 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 $8,853,684.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 449,830 shares of company stock worth $56,391,645. Company insiders own 18.90% of the company’s stock.

Several equities analysts have issued reports on the company. Truist Securities lifted their price objective on XPO Logistics from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, April 21st. KeyCorp lifted their price target on XPO Logistics from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Vertical Research initiated coverage on shares of XPO Logistics in a report on Friday, March 26th. They set a “hold” rating on the stock. Susquehanna Bancshares boosted their target price on shares of XPO Logistics from $144.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 12th. Finally, Jefferies Financial Group started coverage on shares of XPO Logistics in a research note on Friday. They set a “buy” rating and a $162.00 price target on the stock. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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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