Q1 2018 Earnings Estimate for XPO Logistics Inc Issued By Seaport Global Securities (XPO)

XPO Logistics Inc (NYSE:XPO) – Investment analysts at Seaport Global Securities raised their Q1 2018 earnings per share estimates for shares of XPO Logistics in a research report issued to clients and investors on Monday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $0.52 for the quarter, up from their previous forecast of $0.42. Seaport Global Securities also issued estimates for XPO Logistics’ Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $3.35 EPS, Q3 2019 earnings at $1.19 EPS and FY2019 earnings at $4.00 EPS.

XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. XPO Logistics had a net margin of 2.11% and a return on equity of 7.29%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year.

XPO has been the subject of several other reports. Deutsche Bank restated a “buy” rating on shares of XPO Logistics in a research note on Friday, December 22nd. Credit Suisse Group decreased their price objective on shares of XPO Logistics from $106.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. CIBC decreased their price objective on shares of XPO Logistics from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 20th. Macquarie lifted their price objective on shares of XPO Logistics from $80.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, December 27th. Finally, Stephens set a $95.00 price objective on shares of XPO Logistics and gave the company a “hold” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. XPO Logistics presently has a consensus rating of “Buy” and an average target price of $96.20.

Shares of XPO Logistics (XPO) opened at $93.47 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.23 and a current ratio of 1.20. XPO Logistics has a 12 month low of $44.51 and a 12 month high of $98.37. The company has a market cap of $11,066.24, a P/E ratio of 47.56, a price-to-earnings-growth ratio of 0.95 and a beta of 2.55.

A number of hedge funds and other institutional investors have recently modified their holdings of XPO. Raymond James Financial Services Advisors Inc. purchased a new stake in XPO Logistics in the 2nd quarter worth $682,000. California State Teachers Retirement System increased its holdings in XPO Logistics by 2.9% in the 2nd quarter. California State Teachers Retirement System now owns 198,620 shares of the transportation company’s stock worth $12,837,000 after acquiring an additional 5,505 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in XPO Logistics in the 2nd quarter worth $3,214,000. Eqis Capital Management Inc. purchased a new stake in XPO Logistics in the 3rd quarter worth $231,000. Finally, Sit Investment Associates Inc. increased its holdings in XPO Logistics by 120.3% in the 3rd quarter. Sit Investment Associates Inc. now owns 24,829 shares of the transportation company’s stock worth $1,683,000 after acquiring an additional 13,560 shares in 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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