GXO Logistics (NYSE:GXO) Releases Earnings Results, Beats Estimates By $0.04 EPS

GXO Logistics (NYSE:GXO) issued its quarterly earnings data on Tuesday. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04, Zacks reports. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.48 billion. GXO Logistics had a return on equity of 9.88% and a net margin of 0.24%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share.

GXO Logistics Trading Down 0.8%

NYSE GXO traded down $0.52 during trading on Thursday, hitting $62.83. The stock had a trading volume of 1,305,372 shares, compared to its average volume of 1,292,792. GXO Logistics has a one year low of $30.46 and a one year high of $66.85. The stock has a 50 day simple moving average of $55.44 and a 200 day simple moving average of $53.16. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 208.71, a P/E/G ratio of 1.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.71.

Insider Buying and Selling at GXO Logistics

In other GXO Logistics news, Director Todd C. Cooper purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $50.59 per share, with a total value of $303,540.00. Following the purchase, the director owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. The trade was a 148.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of GXO Logistics

A number of large investors have recently modified their holdings of the company. Allworth Financial LP increased its holdings in GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock worth $27,000 after purchasing an additional 329 shares during the period. Chapman Financial Group LLC purchased a new position in GXO Logistics during the 2nd quarter valued at about $34,000. Danske Bank A S bought a new stake in shares of GXO Logistics in the 3rd quarter valued at about $79,000. CIBC Private Wealth Group LLC lifted its position in shares of GXO Logistics by 201.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after purchasing an additional 1,083 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of GXO Logistics by 4,775.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,999 shares of the company’s stock valued at $78,000 after purchasing an additional 1,958 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GXO. Truist Financial upped their price target on shares of GXO Logistics from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna restated a “positive” rating and issued a $82.00 target price on shares of GXO Logistics in a report on Thursday. Citigroup increased their price target on shares of GXO Logistics from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings upgraded GXO Logistics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

About GXO Logistics

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.