XPO Logistics Inc (NYSE:XPO) – Stock analysts at Seaport Global Securities cut their Q2 2019 earnings per share (EPS) estimates for shares of XPO Logistics in a research report issued to clients and investors on Tuesday, May 14th. Seaport Global Securities analyst K. Sterling now forecasts that the transportation company will post earnings per share of $0.91 for the quarter, down from their prior estimate of $0.97. Seaport Global Securities also issued estimates for XPO Logistics’ Q4 2019 earnings at $0.95 EPS and Q4 2020 earnings at $1.14 EPS.
A number of other brokerages have also commented on XPO. Cowen reiterated an “outperform” rating and set a $84.00 price target (up from $80.00) on shares of XPO Logistics in a report on Thursday, May 2nd. Barclays upped their price target on XPO Logistics from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank set a $81.00 price target on XPO Logistics and gave the stock a “buy” rating in a report on Monday, April 22nd. Oppenheimer upped their price target on XPO Logistics from $65.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Zacks Investment Research reiterated a “sell” rating on shares of XPO Logistics in a report on Saturday, May 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. XPO Logistics presently has an average rating of “Buy” and an average target price of $90.00.
Shares of XPO stock opened at $60.12 on Thursday. XPO Logistics has a 12 month low of $41.05 and a 12 month high of $116.27. The company has a market cap of $5.37 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.54 and a beta of 2.29. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.07 and a quick ratio of 1.07.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. XPO Logistics had a return on equity of 11.26% and a net margin of 2.30%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its position in XPO Logistics by 50.1% in the third quarter. Morgan Stanley now owns 1,557,140 shares of the transportation company’s stock valued at $177,779,000 after acquiring an additional 519,553 shares during the period. Tdam USA Inc. grew its position in XPO Logistics by 292.7% in the fourth quarter. Tdam USA Inc. now owns 24,350 shares of the transportation company’s stock valued at $1,389,000 after acquiring an additional 18,150 shares during the period. Gilman Hill Asset Management LLC bought a new stake in XPO Logistics in the fourth quarter valued at $609,000. Assenagon Asset Management S.A. bought a new stake in XPO Logistics in the fourth quarter valued at $348,000. Finally, Palmer Knight Co grew its position in XPO Logistics by 62.5% in the first quarter. Palmer Knight Co now owns 76,992 shares of the transportation company’s stock valued at $4,138,000 after acquiring an additional 29,604 shares during the period. Institutional investors and hedge funds own 88.25% of the company’s stock.
About XPO Logistics
XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.
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