GXO Logistics (GXO) to Release Earnings on Tuesday

GXO Logistics (NYSE:GXO) will be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. GXO Logistics has set its FY24 guidance at $2.70-2.90 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

GXO Logistics (NYSE:GXO) last announced its earnings results on Tuesday, May 7th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 5.7% 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 Trading Down 4.8 %

NYSE GXO opened at $51.77 on Monday. The firm’s 50 day moving average price is $50.91 and its two-hundred day moving average price is $51.77. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.63 and a beta of 1.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.94 and a current ratio of 0.94. GXO Logistics has a twelve month low of $46.38 and a twelve month high of $66.33.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GXO. Wells Fargo & Company started coverage on shares of GXO Logistics in a research report on Friday, June 7th. They issued an “overweight” rating and a $58.00 price target for the company. Loop Capital reduced their target price on GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a report on Thursday, April 18th. TD Cowen boosted their target price on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of GXO Logistics from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $70.00 target price on shares of GXO Logistics in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Insider Transactions at GXO Logistics

In related news, CEO Malcolm Wilson acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $49.95 per share, with a total value of $499,500.00. Following the acquisition, the chief executive officer now directly owns 100,814 shares in the company, valued at $5,035,659.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% 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.