GXO Logistics (NYSE:GXO – Get Free Report) is scheduled to post its quarterly earnings results 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 are interested in registering for the company’s conference call can do so using this link.
GXO Logistics (NYSE:GXO – Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $0.83 EPS. The company’s revenue was up 5.0% on a year-over-year basis. 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 Performance
Shares of GXO stock opened at $50.27 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. GXO Logistics has a one year low of $48.11 and a one year high of $67.57. The company has a 50 day moving average price of $50.60 and a 200 day moving average price of $54.37.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on GXO Logistics
Insider Buying and Selling
In related news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
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.
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