XPO Logistics (XPO) Releases Quarterly Earnings Results, Misses Estimates By $1.46 EPS
XPO Logistics (NYSE:XPO) released its earnings data on Thursday. The company reported ($0.70) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $1.46, American Banking News.com reports. The company had revenue of $282.40 million for the quarter, compared to the consensus estimate of $1.02 billion. XPO Logistics’s revenue was up 147.7% compared to the same quarter last year.
A number of analysts have recently weighed in on XPO shares. Analysts at Sidoti downgraded shares of XPO Logistics from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. On a related note, analysts at Stifel Nicolaus raised their price target on shares of XPO Logistics from $31.00 to $34.00 in a research note on Wednesday, February 26th. Finally, analysts at FBR Capital Markets raised their price target on shares of XPO Logistics from $33.00 to $38.00 in a research note on Wednesday, February 26th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.67.
XPO Logistics (NYSE:XPO) traded up 0.22% on Thursday, hitting $27.20. 2,058,220 shares of the company’s stock traded hands. XPO Logistics has a 52-week low of $16.05 and a 52-week high of $32.80. The stock has a 50-day moving average of $28.52 and a 200-day moving average of $26.11. The company’s market cap is $1.326 billion.
XPO Logistics, Inc is a logistics provider of freight transportation services. The Company’s operations consist of three business units: expedited transportation, freight forwarding and freight brokerage.
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