Zacks: Analysts Anticipate XPO Logistics, Inc. (XPO) Will Announce Earnings of $0.60 Per Share

Equities analysts expect that XPO Logistics, Inc. (NYSE:XPO) will report $0.60 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for XPO Logistics’ earnings. The highest EPS estimate is $0.69 and the lowest is $0.49. XPO Logistics posted earnings per share of $0.42 during the same quarter last year, which would suggest a positive year over year growth rate of 42.9%. The business is scheduled to report its next earnings results after the market closes on Wednesday, August 2nd.

On average, analysts expect that XPO Logistics will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $2.12. For the next year, analysts anticipate that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.65 to $3.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover XPO Logistics.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.55 billion. XPO Logistics had a return on equity of 5.63% and a net margin of 0.76%.

Several research firms have issued reports on XPO. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Friday, July 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $63.00 price objective (up from $58.00) on shares of XPO Logistics in a report on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and set a $78.00 price objective (up from $65.00) on shares of XPO Logistics in a report on Tuesday, July 11th. KeyCorp upped their price objective on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group upped their price objective on shares of XPO Logistics from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $65.69.

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Several hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in XPO Logistics by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 8,751 shares of the transportation company’s stock worth $419,000 after buying an additional 118 shares in the last quarter. Prudential Financial Inc. boosted its stake in XPO Logistics by 1.5% in the first quarter. Prudential Financial Inc. now owns 10,359 shares of the transportation company’s stock worth $496,000 after buying an additional 150 shares in the last quarter. Bank of Montreal Can boosted its stake in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock worth $143,000 after buying an additional 241 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in XPO Logistics by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,818 shares of the transportation company’s stock worth $165,000 after buying an additional 286 shares in the last quarter. Finally, US Bancorp DE boosted its stake in XPO Logistics by 2.0% in the second quarter. US Bancorp DE now owns 33,039 shares of the transportation company’s stock worth $2,136,000 after buying an additional 637 shares in the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

XPO Logistics (NYSE XPO) traded up 0.13% during mid-day trading on Friday, hitting $60.75. The company had a trading volume of 1,421,253 shares. The company has a 50 day moving average of $61.41 and a 200 day moving average of $51.83. The firm has a market capitalization of $6.79 billion, a PE ratio of 71.64 and a beta of 2.31. XPO Logistics has a 1-year low of $27.93 and a 1-year high of $65.44.

XPO Logistics Company Profile

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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