XPO Logistics, Inc. (NYSE:XPO) – Research analysts at Oppenheimer Holdings decreased their Q3 2017 earnings per share (EPS) estimates for XPO Logistics in a note issued to investors on Thursday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will earn $0.53 per share for the quarter, down from their prior estimate of $0.55. Oppenheimer Holdings currently has a “Buy” rating and a $75.00 price target on the stock.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Q3 2017 EPS Estimates for XPO Logistics, Inc. Cut by Analyst (XPO)” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/13/q3-2017-eps-estimates-for-xpo-logistics-inc-cut-by-analyst-xpo.html.

XPO has been the subject of a number of other research reports. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley lifted their price target on shares of XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price (down previously from $78.00) on shares of XPO Logistics in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, July 7th. Finally, Bank of America Corporation started coverage on shares of XPO Logistics in a research note on Wednesday, June 28th. They set a “buy” rating and a $72.00 target price for the company. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.13.

Shares of XPO Logistics (NYSE:XPO) opened at 68.12 on Friday. The firm has a 50 day moving average of $63.26 and a 200-day moving average of $57.63. XPO Logistics has a 12 month low of $31.68 and a 12 month high of $68.96. The stock has a market capitalization of $8.03 billion, a P/E ratio of 78.03 and a beta of 2.37.

A number of hedge funds and other institutional investors have recently bought and sold shares of XPO. Bank of New York Mellon Corp raised its holdings in XPO Logistics by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 461,618 shares of the transportation company’s stock worth $22,107,000 after buying an additional 20,200 shares during the period. UBS Asset Management Americas Inc. raised its holdings in XPO Logistics by 34.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 57,494 shares of the transportation company’s stock worth $2,753,000 after buying an additional 14,855 shares during the period. Karp Capital Management Corp acquired a new stake in XPO Logistics during the 1st quarter worth about $474,000. Envestnet Asset Management Inc. raised its holdings in XPO Logistics by 461.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after buying an additional 1,993 shares during the period. Finally, Prudential Financial Inc. raised its holdings in XPO Logistics by 1.5% during the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.

About XPO Logistics

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.

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

Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.