Zacks: Brokerages Anticipate XPO Logistics Inc (XPO) Will Post Earnings of $0.50 Per Share

Brokerages expect XPO Logistics Inc (NYSE:XPO) to announce earnings per share of $0.50 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for XPO Logistics’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.42. XPO Logistics reported earnings of $0.30 per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The company is scheduled to issue its next earnings report on Wednesday, May 2nd.

On average, analysts expect that XPO Logistics will report full-year earnings of $3.10 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $3.56. For the next fiscal year, analysts anticipate that the business will post earnings of $3.76 per share, with EPS estimates ranging from $3.30 to $4.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for XPO Logistics.

XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS.

A number of equities analysts recently issued reports on the stock. Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. CIBC decreased their price target on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday, November 20th. Macquarie upped their price target on shares of XPO Logistics from $80.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, December 27th. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Saturday, January 6th. Finally, Stifel Nicolaus upped their price target on shares of XPO Logistics from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $91.06.

Several large investors have recently bought and sold shares of the company. Barings LLC bought a new stake in shares of XPO Logistics in the 4th quarter valued at $440,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of XPO Logistics in the 4th quarter valued at $329,000. Capital One National Association bought a new stake in shares of XPO Logistics in the 4th quarter valued at $1,133,000. RWC Asset Management LLP bought a new stake in shares of XPO Logistics in the 4th quarter valued at $4,030,000. Finally, EFG Asset Management Americas Corp. boosted its stake in shares of XPO Logistics by 25.5% in the 4th quarter. EFG Asset Management Americas Corp. now owns 12,315 shares of the transportation company’s stock valued at $1,128,000 after purchasing an additional 2,505 shares during the last quarter.

XPO Logistics (XPO) traded down $2.95 during mid-day trading on Thursday, reaching $87.06. 2,766,362 shares of the company were exchanged, compared to its average volume of 1,292,249. The firm has a market cap of $10,460.00, a PE ratio of 72.61, a price-to-earnings-growth ratio of 0.78 and a beta of 2.55. XPO Logistics has a twelve month low of $44.51 and a twelve month high of $98.37. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.

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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.

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

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