Q2 2018 EPS Estimates for XPO Logistics Inc (XPO) Raised by Oppenheimer

XPO Logistics Inc (NYSE:XPO) – Equities research analysts at Oppenheimer raised their Q2 2018 earnings per share (EPS) estimates for shares of XPO Logistics in a research note issued on Sunday. Oppenheimer analyst S. Schneeberger now expects that the transportation company will post earnings of $0.98 per share for the quarter, up from their prior estimate of $0.88. Oppenheimer currently has a “Buy” rating and a $104.00 price target on the stock. Oppenheimer also issued estimates for XPO Logistics’ Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.22 EPS and FY2019 earnings at $4.00 EPS.

Several other equities analysts have also recently commented on the stock. Citigroup decreased their price target on shares of XPO Logistics from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, December 26th. Bank of America set a $103.00 price target on shares of XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus decreased their price target on shares of XPO Logistics from $120.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, January 2nd. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research report on Friday, December 22nd. Finally, Macquarie raised 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. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.20.

XPO Logistics (NYSE:XPO) opened at $90.20 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.23 and a quick ratio of 1.23. XPO Logistics has a 1 year low of $44.51 and a 1 year high of $98.37. The company has a market cap of $10,312.60, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 0.94 and a beta of 2.55.

XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.66%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of XPO Logistics by 0.3% during the 4th quarter. BlackRock Inc. now owns 4,593,039 shares of the transportation company’s stock worth $420,678,000 after purchasing an additional 12,333 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of XPO Logistics by 5.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,115,541 shares of the transportation company’s stock worth $211,152,000 after purchasing an additional 164,588 shares during the last quarter. American Century Companies Inc. lifted its position in shares of XPO Logistics by 94.6% during the 3rd quarter. American Century Companies Inc. now owns 3,070,080 shares of the transportation company’s stock worth $208,090,000 after purchasing an additional 1,492,525 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of XPO Logistics by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,534,323 shares of the transportation company’s stock worth $232,119,000 after purchasing an additional 328,888 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of XPO Logistics by 2.3% during the 4th quarter. OppenheimerFunds Inc. now owns 1,792,223 shares of the transportation company’s stock worth $164,150,000 after purchasing an additional 40,477 shares during the last quarter.

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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.

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

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