XPO Logistics, Inc. Expected to Post FY2017 Earnings of $1.89 Per Share (XPO)
XPO Logistics, Inc. (NYSE:XPO) – Investment analysts at Seaport Global Securities raised their FY2017 EPS estimates for XPO Logistics in a report released on Tuesday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will earn $1.89 per share for the year, up from their prior estimate of $1.70. Seaport Global Securities also issued estimates for XPO Logistics’ Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $2.73 EPS.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “XPO Logistics, Inc. Expected to Post FY2017 Earnings of $1.89 Per Share (XPO)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/16/xpo-logistics-inc-expected-to-post-fy2017-earnings-of-1-89-per-share-xpo.html.
A number of other research firms have also recently commented on XPO. Zacks Investment Research upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, July 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $78.00 target price (up from $65.00) on shares of XPO Logistics in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. lifted their target price on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 11th. BidaskClub upgraded shares of XPO Logistics from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, KeyCorp lifted their target price on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. XPO Logistics currently has an average rating of “Buy” and an average price target of $66.73.
XPO Logistics (XPO) opened at 56.58 on Wednesday. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $65.44. The stock has a market capitalization of $6.67 billion, a PE ratio of 64.81 and a beta of 2.31. The stock’s 50 day moving average is $60.68 and its 200 day moving average is $53.70. XPO Logistics also saw unusually large options trading activity on Monday. Stock traders bought 23,406 call options on the company. This represents an increase of 1,014% compared to the average daily volume of 2,101 call options.
Several institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC purchased a new position in XPO Logistics during the second quarter valued at $1,147,000. Envestnet Asset Management Inc. raised its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares during the period. Advisors Asset Management Inc. raised its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares during the period. Bank of Montreal Can raised its position 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 valued at $143,000 after buying an additional 241 shares during the period. Finally, Argent Trust Co purchased a new position in XPO Logistics during the second quarter valued at $205,000. 91.05% of the stock is owned by hedge funds and other institutional investors.
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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