GXO Logistics (GXO) Set to Announce Earnings on Tuesday

GXO Logistics (NYSE:GXO) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect GXO Logistics to post earnings of $0.48 per share for the quarter. GXO Logistics has set its FY24 guidance at $2.70-2.90 EPS and its FY 2024 guidance at 2.700-2.900 EPS.Investors that wish to register for the company’s conference call can do so using this link.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect GXO Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GXO Logistics Stock Up 0.1 %

GXO Logistics stock opened at $50.27 on Monday. The stock’s 50 day moving average price is $50.60 and its 200 day moving average price is $54.37. The company has a market cap of $6.00 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.98 and a quick ratio of 0.98. GXO Logistics has a 1-year low of $48.11 and a 1-year high of $67.57.

Insider Buying and Selling

In other news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at approximately $1,042,550. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GXO shares. Susquehanna boosted their price objective on shares of GXO Logistics from $73.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, February 15th. Stifel Nicolaus increased their target price on GXO Logistics from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reduced their price target on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Citigroup lowered their price objective on GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.69.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.