XPO Logistics, Inc. (XPO) Issues Quarterly Earnings Results
XPO Logistics, Inc. (NYSE:XPO) issued its earnings results on Tuesday. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02, Bloomberg Earnings reports. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS.
Several brokerages have issued reports on XPO. Oppenheimer Holdings, Inc. upped their target price on XPO Logistics from $63.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price (up from $60.00) on shares of XPO Logistics in a report on Tuesday, July 25th. Barclays PLC upped their target price on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Finally, BidaskClub cut XPO Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $70.13.
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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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