XPO Logistics Inc Expected to Post Q2 2018 Earnings of $0.97 Per Share (XPO)

XPO Logistics Inc (NYSE:XPO) – Equities researchers at Seaport Global Securities increased their Q2 2018 EPS estimates for XPO Logistics in a note issued to investors on Monday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings of $0.97 per share for the quarter, up from their prior forecast of $0.81. Seaport Global Securities also issued estimates for XPO Logistics’ Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $1.14 EPS and Q4 2019 earnings at $0.95 EPS.

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

Several other equities research analysts have also issued reports on XPO. Cowen lifted their price objective on XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. Credit Suisse Group lifted their price objective on XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank reaffirmed a “buy” rating and set a $110.00 price target on shares of XPO Logistics in a research note on Friday, November 3rd. Stifel Nicolaus lifted their price target on XPO Logistics from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $77.00 price target (up previously from $75.00) on shares of XPO Logistics in a research note on Monday, November 6th. Three investment 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 presently has an average rating of “Buy” and an average target price of $96.20.

Shares of XPO Logistics (NYSE:XPO) opened at $92.27 on Wednesday. The stock has a market capitalization of $10,817.97, a price-to-earnings ratio of 46.49, a P/E/G ratio of 0.96 and a beta of 2.55. XPO Logistics has a 52 week low of $44.51 and a 52 week 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.

Hedge funds have recently modified their holdings of the business. Advisors Capital Management LLC increased its holdings in shares of XPO Logistics by 1.4% in the fourth quarter. Advisors Capital Management LLC now owns 43,090 shares of the transportation company’s stock worth $3,947,000 after buying an additional 587 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of XPO Logistics by 2.5% in the fourth quarter. State of Wisconsin Investment Board now owns 24,335 shares of the transportation company’s stock worth $2,229,000 after buying an additional 598 shares during the period. Sit Investment Associates Inc. increased its holdings in shares of XPO Logistics by 2.7% in the fourth quarter. Sit Investment Associates Inc. now owns 25,505 shares of the transportation company’s stock worth $2,336,000 after buying an additional 676 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of XPO Logistics by 3.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,359 shares of the transportation company’s stock worth $2,231,000 after buying an additional 818 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of XPO Logistics by 1.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 53,108 shares of the transportation company’s stock worth $4,865,000 after buying an additional 858 shares during the period.

WARNING: “XPO Logistics Inc Expected to Post Q2 2018 Earnings of $0.97 Per Share (XPO)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/14/xpo-logistics-inc-expected-to-post-q2-2018-earnings-of-0-97-per-share-xpo.html.

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)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply