XPO Logistics Inc. (NYSE:XPO) – Investment analysts at William Blair dropped their Q3 2016 EPS estimates for shares of XPO Logistics in a report released on Thursday. William Blair analyst N. Brochmann now forecasts that the brokerage will post earnings per share of $0.35 for the quarter, down from their previous estimate of $0.36. William Blair also issued estimates for XPO Logistics’ FY2016 earnings at $0.98 EPS.

Other analysts have also recently issued reports about the company. Deutsche Bank AG lifted their price objective on XPO Logistics from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of XPO Logistics from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Oppenheimer Holdings Inc. lifted their target price on shares of XPO Logistics from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Cowen and Company lifted their target price on shares of XPO Logistics from $26.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Finally, Stifel Nicolaus lifted their target price on shares of XPO Logistics from $35.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. XPO Logistics has a consensus rating of “Buy” and a consensus price target of $42.20.

Earnings History and Estimates for XPO Logistics (NYSE:XPO)

XPO Logistics (NYSE:XPO) opened at 34.21 on Monday. XPO Logistics has a 12-month low of $18.04 and a 12-month high of $37.94. The company’s market capitalization is $3.77 billion. The stock has a 50 day moving average price of $35.54 and a 200 day moving average price of $31.11.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. The company earned $3.68 billion during the quarter. XPO Logistics had a positive return on equity of 0.14% and a negative net margin of 1.01%. The business’s revenue was up 202.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.16) earnings per share.

In other XPO Logistics news, major shareholder Private Ltd Gic sold 550,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.82, for a total transaction of $20,251,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.20% of the company’s stock.

A number of large investors have recently made changes to their positions in XPO. BlackRock Group LTD raised its stake in shares of XPO Logistics by 46.5% in the first quarter. BlackRock Group LTD now owns 62,816 shares of the company’s stock worth $1,928,000 after buying an additional 19,943 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of XPO Logistics by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,024,364 shares of the company’s stock worth $62,148,000 after buying an additional 17,913 shares in the last quarter. M&T Bank Corp bought a new stake in shares of XPO Logistics during the first quarter worth $263,000. Cupps Capital Management LLC raised its stake in shares of XPO Logistics by 14.2% in the first quarter. Cupps Capital Management LLC now owns 183,338 shares of the company’s stock worth $5,628,000 after buying an additional 22,810 shares in the last quarter. Finally, State Street Corp raised its stake in shares of XPO Logistics by 6.4% in the first quarter. State Street Corp now owns 1,539,732 shares of the company’s stock worth $47,269,000 after buying an additional 92,544 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

About XPO Logistics

XPO Logistics (NYSE:XPO) is a global logistics company operating in 34 countries, with over 88,000 employees and 1,440 locations. The company provides supply chain solutions in two reporting segments: transportation and logistics. The logistics segment offers e-commerce fulfillment, reverse logistics, factory and aftermarket support, packaging and labeling, distribution and managed transportation.

5 Day Chart for NYSE:XPO

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