Analysts forecast that XPO Logistics Inc (NYSE:XPO) will announce $0.85 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for XPO Logistics’ earnings, with estimates ranging from $0.79 to $0.97. XPO Logistics reported earnings of $0.45 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 88.9%. The firm is scheduled to announce its next earnings results on Wednesday, February 6th.
On average, analysts expect that XPO Logistics will report full year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.27 to $3.42. For the next fiscal year, analysts anticipate that the company will report earnings of $4.38 per share, with EPS estimates ranging from $3.97 to $5.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.09). The company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.40 billion. XPO Logistics had a return on equity of 9.70% and a net margin of 3.04%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share.
XPO has been the topic of a number of research reports. KeyCorp dropped their target price on shares of XPO Logistics from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, August 3rd. Morgan Stanley boosted their target price on shares of XPO Logistics from $125.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, November 5th. Deutsche Bank reiterated a “buy” rating and issued a $142.00 target price (up from $133.00) on shares of XPO Logistics in a report on Thursday, August 2nd. Jefferies Financial Group initiated coverage on shares of XPO Logistics in a report on Wednesday, October 3rd. They issued a “buy” rating and a $145.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of XPO Logistics from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $117.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XPO. TRUE Private Wealth Advisors acquired a new stake in shares of XPO Logistics during the third quarter valued at approximately $111,000. Stratos Wealth Partners LTD. acquired a new stake in shares of XPO Logistics during the third quarter valued at approximately $118,000. Signet Financial Management LLC acquired a new stake in shares of XPO Logistics during the second quarter valued at approximately $127,000. NEXT Financial Group Inc acquired a new stake in shares of XPO Logistics during the third quarter valued at approximately $129,000. Finally, Cerebellum GP LLC acquired a new stake in shares of XPO Logistics during the third quarter valued at approximately $190,000. Institutional investors and hedge funds own 93.16% of the company’s stock.
Shares of NYSE XPO traded up $1.11 during midday trading on Thursday, reaching $72.34. The company’s stock had a trading volume of 1,401,856 shares, compared to its average volume of 2,220,909. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.28 and a quick ratio of 1.28. XPO Logistics has a one year low of $69.11 and a one year high of $116.27. The company has a market capitalization of $9.04 billion, a P/E ratio of 37.10, a PEG ratio of 0.56 and a beta of 2.56.
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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