Oppenheimer Comments on XPO Logistics Inc’s Q1 2018 Earnings (XPO)

XPO Logistics Inc (NYSE:XPO) – Research analysts at Oppenheimer reduced their Q1 2018 earnings per share estimates for shares of XPO Logistics in a report released on Sunday. Oppenheimer analyst S. Schneeberger now expects that the transportation company will earn $0.42 per share for the quarter, down from their previous forecast of $0.43. Oppenheimer currently has a “Buy” rating and a $104.00 price target on the stock.

A number of other brokerages have also weighed in on XPO. Zacks Investment Research lowered XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. KeyCorp restated a “buy” rating and set a $110.00 price objective on shares of XPO Logistics in a research report on Friday, January 12th. Bank of America set a $103.00 price objective on XPO Logistics and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Citigroup restated an “outperform” rating and set a $104.00 price objective (up previously from $85.00) on shares of XPO Logistics in a research report on Tuesday, January 9th. Finally, Credit Suisse Group restated an “outperform” rating and set a $106.00 price objective (up previously from $79.00) on shares of XPO Logistics in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. XPO Logistics has a consensus rating of “Buy” and an average price target of $96.20.

XPO Logistics (XPO) opened at $92.27 on Wednesday. The firm has a market capitalization of $11,060.00, a PE ratio of 38.29, a PEG ratio of 0.94 and a beta of 2.55. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24. XPO Logistics has a 12-month low of $44.51 and a 12-month high of $98.37.

XPO Logistics (NYSE:XPO) last issued its quarterly earnings results 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. XPO Logistics had a return on equity of 7.66% and a net margin of 2.11%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the business posted $0.24 EPS. XPO Logistics’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Large investors have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc bought a new position in shares of XPO Logistics in the 3rd quarter valued at about $847,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of XPO Logistics in the 3rd quarter valued at about $102,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of XPO Logistics in the 4th quarter valued at about $172,000. Oak Point Wealth Management bought a new position in shares of XPO Logistics in the 4th quarter valued at about $220,000. Finally, Pillar Pacific Capital Management LLC bought a new position in shares of XPO Logistics in the 4th quarter valued at about $224,000.

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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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