XPO Logistics, Inc. (NYSE:XPO) to Post FY2017 Earnings of $1.84 Per Share, Oppenheimer Holdings Forecasts

XPO Logistics, Inc. (NYSE:XPO) – Analysts at Oppenheimer Holdings boosted their FY2017 earnings per share estimates for XPO Logistics in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the transportation company will post earnings per share of $1.84 for the year, up from their prior estimate of $1.79. Oppenheimer Holdings has a “Outperform” rating and a $72.00 price objective on the stock. Oppenheimer Holdings also issued estimates for XPO Logistics’ FY2018 earnings at $2.78 EPS.

Several other equities analysts also recently commented on the company. Vertical Research initiated coverage on XPO Logistics in a research report on Thursday, April 13th. They issued a “buy” rating and a $60.00 price objective on the stock. CIBC upped their price objective on XPO Logistics from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Credit Suisse Group upped their price objective on XPO Logistics from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Cowen and Company reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of XPO Logistics in a research report on Monday, May 22nd. Finally, Stifel Nicolaus upped their price objective on XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.81.

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XPO Logistics (XPO) traded up 0.65% during mid-day trading on Wednesday, reaching $63.37. 219,206 shares of the company traded hands. XPO Logistics has a 12-month low of $24.02 and a 12-month high of $65.44. The company’s 50 day moving average price is $57.65 and its 200 day moving average price is $50.03. The firm has a market capitalization of $7.08 billion, a P/E ratio of 74.73 and a beta of 2.32.

XPO Logistics (NYSE:XPO) last released its quarterly earnings results on Wednesday, May 3rd. The transportation company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.55 billion. XPO Logistics had a net margin of 0.76% and a return on equity of 5.63%.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of XPO Logistics by 7.8% in the first quarter. Vanguard Group Inc. now owns 8,432,238 shares of the transportation company’s stock worth $403,820,000 after buying an additional 606,812 shares during the last quarter. BlackRock Inc. increased its stake in shares of XPO Logistics by 24,470.3% in the first quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company’s stock worth $288,120,000 after buying an additional 5,991,806 shares during the last quarter. FMR LLC increased its stake in shares of XPO Logistics by 23.6% in the first quarter. FMR LLC now owns 1,670,245 shares of the transportation company’s stock worth $79,988,000 after buying an additional 319,056 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of XPO Logistics by 38.5% in the first quarter. Clearbridge Investments LLC now owns 1,432,620 shares of the transportation company’s stock worth $68,608,000 after buying an additional 398,346 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of XPO Logistics by 1.5% in the first quarter. Ameriprise Financial Inc. now owns 823,811 shares of the transportation company’s stock worth $39,452,000 after buying an additional 12,026 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors.

About XPO Logistics

XPO Logistics, Inc is a global provider of supply chain solutions. The Company operates in two segments: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload (LTL), full truckload and global forwarding services. The Logistics segment provides a range of contract logistics services, including highly engineered and customized solutions, value-added warehousing and distribution, cold chain solutions and other inventory solutions.

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

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