GXO Logistics (NYSE:GXO – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01, FiscalAI reports. GXO Logistics had a net margin of 0.98% and a return on equity of 10.55%. The firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.46 billion. GXO Logistics updated its FY 2026 guidance to 2.950-3.150 EPS.
GXO Logistics Stock Up 3.3%
Shares of NYSE:GXO traded up $1.65 during midday trading on Tuesday, hitting $52.27. 2,267,094 shares of the company’s stock were exchanged, compared to its average volume of 1,352,892. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day moving average price of $50.69 and a 200-day moving average price of $54.01. The company has a market cap of $6.01 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.55. GXO Logistics has a 12 month low of $45.40 and a 12 month high of $66.85.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on GXO. Stifel Nicolaus lowered their target price on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Citigroup started coverage on GXO Logistics in a report on Wednesday, July 15th. They set a “market outperform” rating for the company. Wall Street Zen lowered GXO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley boosted their target price on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.71.
Hedge Funds Weigh In On GXO Logistics
Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of GXO Logistics by 18.8% in the fourth quarter. Invesco Ltd. now owns 420,138 shares of the company’s stock worth $22,116,000 after purchasing an additional 66,633 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of GXO Logistics by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 13,794 shares of the company’s stock valued at $726,000 after purchasing an additional 397 shares in the last quarter. SummitTX Capital L.P. purchased a new position in shares of GXO Logistics during the fourth quarter valued at approximately $332,000. Susquehanna Fundamental Investments LLC boosted its position in shares of GXO Logistics by 18.3% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 118,982 shares of the company’s stock valued at $6,263,000 after buying an additional 18,443 shares during the last quarter. Finally, Man Group plc bought a new stake in GXO Logistics during the fourth quarter worth $378,000. Institutional investors and hedge funds own 90.67% of the company’s stock.
GXO Logistics Company Profile
GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.
The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.
Read More
- Five stocks we like better than GXO Logistics
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Receive News & Ratings for GXO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GXO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.
