XPO Logistics (NYSE:XPO) released its earnings results on Sunday. The transportation company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.49, MarketWatch Earnings reports. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.33 billion. XPO Logistics had a return on equity of 9.11% and a net margin of 0.82%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS.
Shares of NYSE:XPO traded up $0.52 during midday trading on Tuesday, reaching $141.52. The company had a trading volume of 1,689,778 shares, compared to its average volume of 1,025,951. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average price is $129.91 and its 200 day moving average price is $117.15. The stock has a market cap of $15.80 billion, a PE ratio of 171.95, a P/E/G ratio of 11.01 and a beta of 2.33. XPO Logistics has a 1-year low of $60.75 and a 1-year high of $142.70.
In other XPO Logistics news, CEO S Jacobs Bradley sold 61,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 27th. The stock was sold at an average price of $137.01, for a total transaction of $8,385,012.00. Following the transaction, the chief executive officer now owns 387,416 shares of the company’s stock, valued at $53,079,866.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Troy A. Cooper sold 25,974 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $118.98, for a total value of $3,090,386.52. Following the transaction, the president now directly owns 139,315 shares in the company, valued at approximately $16,575,698.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,830 shares of company stock worth $56,391,645. 18.90% of the stock is owned by company insiders.
A number of equities research analysts recently commented on the company. Oppenheimer lifted their price objective on XPO Logistics from $137.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 21st. Susquehanna Bancshares lifted their price objective on XPO Logistics from $144.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 12th. Zacks Investment Research cut XPO Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 21st. Truist lifted their price objective on XPO Logistics from $140.00 to $150.00 in a research note on Thursday, April 15th. Finally, Citigroup lifted their target price on XPO Logistics from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. XPO Logistics presently has a consensus rating of “Buy” and an average price target of $140.08.
About XPO Logistics
XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.
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