Zacks: Analysts Expect XPO Logistics Inc (NYSE:XPO) to Post $1.07 Earnings Per Share

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Wall Street brokerages expect that XPO Logistics Inc (NYSE:XPO) will report $1.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for XPO Logistics’ earnings, with estimates ranging from $0.91 to $1.26. XPO Logistics posted earnings of $0.72 per share in the same quarter last year, which would indicate a positive year over year growth rate of 48.6%. The business is scheduled to announce its next earnings results on Thursday, February 13th.

According to Zacks, analysts expect that XPO Logistics will report full year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.84 to $4.24. For the next financial year, analysts expect that the firm will post earnings of $4.69 per share, with EPS estimates ranging from $4.25 to $5.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow XPO Logistics.

XPO Logistics (NYSE:XPO) last released its earnings results on Monday, October 28th. The transportation company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.15. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.27 billion. XPO Logistics had a net margin of 2.31% and a return on equity of 13.87%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS.

Several equities analysts recently commented on XPO shares. SunTrust Banks upped their target price on shares of XPO Logistics from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stephens upped their target price on shares of XPO Logistics from $64.00 to $71.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Morgan Stanley reiterated a “hold” rating and set a $84.00 target price on shares of XPO Logistics in a research note on Thursday, November 7th. Oppenheimer upped their target price on shares of XPO Logistics from $79.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upped their target price on shares of XPO Logistics from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, August 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $84.00.

In other XPO Logistics news, Director Jason D. Papastavrou purchased 1,375 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $75.42 per share, with a total value of $103,702.50. Following the acquisition, the director now directly owns 13,875 shares of the company’s stock, valued at approximately $1,046,452.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Spruce House Partnership Lp sold 150,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $85.93, for a total transaction of $12,889,500.00. The disclosure for this sale can be found here. Insiders sold a total of 552,900 shares of company stock worth $46,723,803 in the last three months. Insiders own 18.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its holdings in shares of XPO Logistics by 223.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 692 shares of the transportation company’s stock worth $45,000 after purchasing an additional 478 shares during the last quarter. NEXT Financial Group Inc grew its holdings in shares of XPO Logistics by 27.9% in the 3rd quarter. NEXT Financial Group Inc now owns 995 shares of the transportation company’s stock worth $71,000 after purchasing an additional 217 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of XPO Logistics in the 2nd quarter worth about $74,000. Meridian Wealth Management LLC grew its holdings in shares of XPO Logistics by 160.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,625 shares of the transportation company’s stock worth $94,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MUFG Americas Holdings Corp bought a new stake in shares of XPO Logistics in the 2nd quarter worth about $98,000.

NYSE:XPO traded down $1.58 during trading hours on Friday, hitting $82.69. 232,528 shares of the company traded hands, compared to its average volume of 739,350. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.69 and a beta of 2.48. XPO Logistics has a twelve month low of $41.05 and a twelve month high of $86.47. The firm has a 50-day moving average of $80.56 and a 200 day moving average of $67.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.32.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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

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