Research Analysts Issue Forecasts for XPO Logistics Inc.’s Q3 2016 Earnings (XPO)
XPO Logistics Inc. (NYSE:XPO) – William Blair lowered their Q3 2016 EPS estimates for shares of XPO Logistics in a research note issued on Thursday. William Blair analyst N. Brochmann now forecasts that the firm will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.36. William Blair also issued estimates for XPO Logistics’ FY2016 earnings at $0.98 EPS.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. XPO Logistics had a negative net margin of 1.01% and a positive return on equity of 0.14%. The firm had revenue of $3.68 billion for the quarter. During the same quarter last year, the firm posted ($0.16) earnings per share. XPO Logistics’s revenue was up 202.9% compared to the same quarter last year.
A number of other analysts have also recently weighed in on XPO. Deutsche Bank AG reiterated a “buy” rating on shares of XPO Logistics in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, June 30th. JPMorgan Chase & Co. started coverage on XPO Logistics in a report on Monday, July 11th. They set an “overweight” rating and a $40.00 target price on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating on shares of XPO Logistics in a report on Wednesday, August 3rd. Finally, Cowen and Company increased their target price on XPO Logistics from $26.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.20.
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Shares of XPO Logistics (NYSE:XPO) opened at 34.21 on Monday. XPO Logistics has a 12 month low of $18.04 and a 12 month high of $37.94. The firm has a 50-day moving average of $35.54 and a 200 day moving average of $31.11. The company’s market capitalization is $3.77 billion.
In other XPO Logistics news, major shareholder Private Ltd Gic sold 145,000 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $37.42, for a total value of $5,425,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new position in XPO Logistics during the first quarter valued at $551,439,000. Dimensional Fund Advisors LP raised its position in XPO Logistics by 56.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,033,893 shares of the company’s stock valued at $53,405,000 after buying an additional 730,581 shares during the last quarter. BlackRock Fund Advisors raised its position in XPO Logistics by 34.8% in the second quarter. BlackRock Fund Advisors now owns 2,355,474 shares of the company’s stock valued at $61,855,000 after buying an additional 608,252 shares during the last quarter. Oakmont Corp raised its position in XPO Logistics by 51.2% in the second quarter. Oakmont Corp now owns 1,691,780 shares of the company’s stock valued at $44,426,000 after buying an additional 572,980 shares during the last quarter. Finally, Cypress Funds LLC bought a new position in XPO Logistics during the second quarter valued at $10,504,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.
About XPO Logistics
XPO Logistics (NYSE:XPO) is a global logistics company operating in 34 countries, with over 88,000 employees and 1,440 locations. The company provides supply chain solutions in two reporting segments: transportation and logistics. The logistics segment offers e-commerce fulfillment, reverse logistics, factory and aftermarket support, packaging and labeling, distribution and managed transportation.
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