Zacks: Brokerages Anticipate XPO Logistics, Inc. (XPO) Will Announce Quarterly Sales of $3.75 Billion
Equities analysts forecast that XPO Logistics, Inc. (NYSE:XPO) will report sales of $3.75 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for XPO Logistics’ earnings, with the lowest sales estimate coming in at $3.72 billion and the highest estimate coming in at $3.79 billion. XPO Logistics posted sales of $3.68 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that XPO Logistics will report full-year sales of $3.75 billion for the current fiscal year, with estimates ranging from $14.81 billion to $15.10 billion. For the next financial year, analysts forecast that the company will post sales of $15.87 billion per share, with estimates ranging from $15.29 billion to $16.55 billion. Zacks Investment Research’s sales 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, May 3rd. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.14. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.55 billion.
A number of analysts have recently commented on XPO shares. Vertical Research started coverage on shares of XPO Logistics in a research note on Thursday, April 13th. They set a “buy” rating and a $60.00 target price for the company. CIBC boosted their target price on shares of XPO Logistics from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $63.00 target price (up previously from $58.00) on shares of XPO Logistics in a research note on Friday, May 12th. Credit Suisse Group boosted their target price on shares of XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Cowen and Company reissued an “outperform” rating and set a $60.00 target price on shares of XPO Logistics in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.69.
XPO Logistics (NYSE XPO) opened at 60.67 on Friday. The company has a market cap of $6.78 billion, a P/E ratio of 71.54 and a beta of 2.32. XPO Logistics has a 12-month low of $27.93 and a 12-month high of $65.44. The firm’s 50 day moving average is $61.41 and its 200 day moving average is $51.83.
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A number of large investors have recently made changes to their positions in XPO. Old Mutual Global Investors UK Ltd. increased its stake in shares of XPO Logistics by 20.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 10,000 shares of the transportation company’s stock valued at $478,000 after buying an additional 1,700 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of XPO Logistics during the first quarter valued at $3,956,000. BTC Capital Management Inc. acquired a new stake in shares of XPO Logistics during the first quarter valued at $1,793,000. Russell Investments Group Ltd. increased its stake in shares of XPO Logistics by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 61,283 shares of the transportation company’s stock valued at $2,934,000 after buying an additional 6,465 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of XPO Logistics during the first quarter valued at $1,581,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
XPO Logistics Company Profile
XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.
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