Zacks: Brokerages Anticipate XPO Logistics, Inc. (XPO) to Announce $0.57 Earnings Per Share
Brokerages forecast that XPO Logistics, Inc. (NYSE:XPO) will post $0.57 earnings per share for the current quarter, Zacks reports. Nine analysts have issued estimates for XPO Logistics’ earnings. The highest EPS estimate is $0.65 and the lowest is $0.47. XPO Logistics posted earnings of $0.41 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 39%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.
On average, analysts expect that XPO Logistics will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $2.00. For the next year, analysts forecast that the company will post earnings of $2.82 per share, with EPS estimates ranging from $2.52 to $3.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS.
XPO has been the topic of a number of recent research reports. J P Morgan Chase & Co lifted their price objective on XPO Logistics from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. BidaskClub downgraded XPO Logistics from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley lifted their price objective on XPO Logistics from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, July 17th. KeyCorp reaffirmed a “buy” rating and set a $75.00 price objective on shares of XPO Logistics in a report on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price objective (down from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.13.
Several institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of XPO Logistics in the 2nd quarter worth approximately $1,147,000. Prudential Financial Inc. raised its position in XPO Logistics by 1.5% in the 1st quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after purchasing an additional 150 shares during the last quarter. Teacher Retirement System of Texas raised its position in XPO Logistics by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,912 shares of the transportation company’s stock worth $576,000 after purchasing an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in XPO Logistics by 1.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after purchasing an additional 179 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in XPO Logistics by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after purchasing an additional 373 shares during the last quarter. 89.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of XPO Logistics (XPO) opened at 67.69 on Tuesday. The company has a 50 day moving average price of $64.58 and a 200 day moving average price of $58.74. XPO Logistics has a one year low of $31.68 and a one year high of $68.96. The company has a market cap of $7.98 billion, a P/E ratio of 77.54 and a beta of 2.37.
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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