XPO Logistics Inc (NYSE:XPO) Expected to Post Earnings of $1.04 Per Share

Equities analysts expect that XPO Logistics Inc (NYSE:XPO) will report earnings of $1.04 per share for the current quarter, according to Zacks. Eight analysts have made estimates for XPO Logistics’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.16. XPO Logistics posted earnings of $0.89 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16.9%. The business is scheduled to report its next earnings results after the market closes on Monday, October 28th.

On average, analysts expect that XPO Logistics will report full year earnings of $3.82 per share for the current year, with EPS estimates ranging from $3.56 to $4.17. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.61 per share, with EPS estimates ranging from $4.00 to $5.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow XPO Logistics.

XPO Logistics (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.24. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.37 billion. XPO Logistics had a net margin of 2.16% and a return on equity of 11.92%. XPO Logistics’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Raymond James reissued an “outperform” rating and issued a $78.00 target price (up previously from $68.00) on shares of XPO Logistics in a research report on Monday, August 5th. TheStreet raised shares of XPO Logistics from a “c+” rating to a “b” rating in a research report on Friday, August 2nd. ValuEngine raised shares of XPO Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Cowen boosted their target price on shares of XPO Logistics from $84.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Oppenheimer boosted their target price on shares of XPO Logistics from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. XPO Logistics has a consensus rating of “Buy” and an average price target of $83.17.

Shares of XPO Logistics stock opened at $74.04 on Wednesday. The firm has a 50-day moving average of $70.92 and a 200-day moving average of $62.88. The stock has a market cap of $6.83 billion, a PE ratio of 23.21, a PEG ratio of 0.58 and a beta of 2.48. XPO Logistics has a 52-week low of $41.05 and a 52-week high of $103.80. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 1.03.

In other news, Director Jason D. Papastavrou acquired 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $75.42 per share, with a total value of $103,702.50. Following the completion of the transaction, the director now directly owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 18.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Xact Kapitalforvaltning AB lifted its holdings in shares of XPO Logistics by 7.9% in the first quarter. Xact Kapitalforvaltning AB now owns 12,300 shares of the transportation company’s stock worth $661,000 after acquiring an additional 900 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of XPO Logistics by 12,138.3% in the first quarter. Principal Financial Group Inc. now owns 472,153 shares of the transportation company’s stock worth $25,374,000 after acquiring an additional 468,295 shares during the last quarter. FIL Ltd lifted its holdings in shares of XPO Logistics by 74.9% in the first quarter. FIL Ltd now owns 47,635 shares of the transportation company’s stock worth $2,559,000 after acquiring an additional 20,397 shares during the last quarter. Tyers Asset Management LLC lifted its holdings in shares of XPO Logistics by 108.1% in the first quarter. Tyers Asset Management LLC now owns 21,560 shares of the transportation company’s stock worth $1,159,000 after acquiring an additional 11,200 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its holdings in shares of XPO Logistics by 108.1% in the first quarter. Neuburgh Advisers LLC now owns 16,940 shares of the transportation company’s stock worth $910,000 after acquiring an additional 8,800 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, 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; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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Earnings History and Estimates for XPO Logistics (NYSE:XPO)

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