GXO Logistics (NYSE:GXO) Releases Earnings Results, Beats Expectations By $0.03 EPS

GXO Logistics (NYSE:GXO) posted its quarterly earnings results on Tuesday. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03, FiscalAI reports. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. GXO Logistics had a net margin of 0.98% and a return on equity of 10.92%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share.

GXO Logistics Trading Down 3.5%

GXO stock traded down $2.01 during trading on Thursday, reaching $54.95. 731,914 shares of the stock were exchanged, compared to its average volume of 1,352,711. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $47.28 and a 200-day moving average price of $51.78. GXO Logistics has a 1 year low of $43.61 and a 1 year high of $66.85. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 46.65, a P/E/G ratio of 1.63 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of research firms have commented on GXO. Weiss Ratings upgraded shares of GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. TD Cowen restated a “buy” rating on shares of GXO Logistics in a report on Wednesday. Oppenheimer set a $61.00 target price on GXO Logistics in a report on Thursday, August 6th. Citigroup assumed coverage on GXO Logistics in a research report on Wednesday, July 15th. They issued a “market outperform” rating for the company. Finally, Wells Fargo & Company began coverage on GXO Logistics in a report on Tuesday, July 28th. They issued an “overweight” rating and a $18.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.14.

About GXO Logistics

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.