GXO Logistics Inc (NYSE:GXO) Expected to Post Earnings of $0.55 Per Share

Equities analysts predict that GXO Logistics Inc (NYSE:GXO) will announce earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for GXO Logistics’ earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.61. The firm is expected to issue its next quarterly earnings report on Monday, November 8th.

According to Zacks, analysts expect that GXO Logistics will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.22. For the next year, analysts anticipate that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.00 to $2.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for GXO Logistics.

A number of research analysts have weighed in on the stock. Loop Capital assumed coverage on shares of GXO Logistics in a report on Wednesday, August 18th. They issued a “buy” rating and a $90.00 price objective for the company. Barclays assumed coverage on shares of GXO Logistics in a report on Thursday, August 19th. They issued an “equal weight” rating and a $77.00 price objective for the company. Oppenheimer assumed coverage on shares of GXO Logistics in a report on Monday, August 9th. They issued an “outperform” rating and a $78.00 price objective for the company. Citigroup assumed coverage on shares of GXO Logistics in a research note on Monday, August 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of GXO Logistics in a research note on Thursday, August 5th. They set a “neutral” rating and a $68.00 target price for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics currently has an average rating of “Buy” and a consensus target price of $83.67.

GXO opened at $81.34 on Friday. GXO Logistics has a fifty-two week low of $48.38 and a fifty-two week high of $89.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.98.

About GXO Logistics

GXO Logistics Inc is a pure-play contract logistics provider. GXO Logistics Inc is headquartered in Conn., USA.

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