$3.90 Billion in Sales Expected for XPO Logistics, Inc. (XPO) This Quarter
Wall Street analysts expect XPO Logistics, Inc. (NYSE:XPO) to announce $3.90 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for XPO Logistics’ earnings, with estimates ranging from $3.81 billion to $3.97 billion. XPO Logistics reported sales of $3.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 20th.
On average, analysts expect that XPO Logistics will report full-year sales of $3.90 billion for the current fiscal year, with estimates ranging from $14.94 billion to $15.16 billion. For the next financial year, analysts forecast that the business will report sales of $16.04 billion per share, with estimates ranging from $15.62 billion to $16.63 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for XPO Logistics.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.79 billion. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in XPO Logistics during the third quarter worth about $102,000. Advisors Asset Management Inc. increased its stake in shares of XPO Logistics by 18.4% in the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the period. Argent Trust Co acquired a new stake in shares of XPO Logistics in the second quarter valued at approximately $205,000. Boston Advisors LLC acquired a new stake in shares of XPO Logistics in the second quarter valued at approximately $212,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of XPO Logistics by 49.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock valued at $219,000 after purchasing an additional 1,129 shares during the period.
XPO Logistics (NYSE:XPO) traded down $1.04 during trading hours on Monday, reaching $77.99. 1,527,300 shares of the company’s stock were exchanged, compared to its average volume of 1,506,206. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. The stock has a market cap of $9,349.70, a PE ratio of 45.08, a P/E/G ratio of 1.12 and a beta of 2.52. XPO Logistics has a one year low of $42.07 and a one year high of $80.10.
COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/04/3-90-billion-in-sales-expected-for-xpo-logistics-inc-xpo-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.