Q3 2017 Earnings Estimate for XPO Logistics, Inc. Issued By KeyCorp (NYSE:XPO)
XPO Logistics, Inc. (NYSE:XPO) – Stock analysts at KeyCorp cut their Q3 2017 earnings per share estimates for XPO Logistics in a report released on Thursday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $0.53 per share for the quarter, down from their previous estimate of $0.65. KeyCorp currently has a “Overweight” rating and a $70.00 target price on the stock. KeyCorp also issued estimates for XPO Logistics’ Q4 2017 earnings at $0.46 EPS and FY2017 earnings at $1.90 EPS.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. XPO Logistics had a net margin of 0.80% and a return on equity of 6.59%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business earned $0.42 EPS. XPO Logistics’s revenue for the quarter was up 2.1% compared to the same quarter last year.
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A number of other research analysts have also weighed in on XPO. William Blair reissued an “outperform” rating on shares of XPO Logistics in a research report on Monday. BidaskClub lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus raised their price target on shares of XPO Logistics from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective (up previously from $60.00) on shares of XPO Logistics in a research report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of XPO Logistics from $63.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. XPO Logistics has a consensus rating of “Buy” and an average target price of $66.73.
XPO Logistics (NYSE XPO) opened at 57.68 on Monday. The company has a 50-day moving average of $61.73 and a 200-day moving average of $52.95. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 66.38 and a beta of 2.31. XPO Logistics has a 52 week low of $31.68 and a 52 week high of $65.44.
Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in XPO Logistics by 461.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock valued at $116,000 after buying an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. increased its position in XPO Logistics by 63.5% in the first quarter. Advisors Asset Management Inc. now owns 2,526 shares of the transportation company’s stock valued at $121,000 after buying an additional 981 shares during the last quarter. Bank of Montreal Can increased its position in XPO Logistics by 8.8% in the first quarter. Bank of Montreal Can now owns 2,990 shares of the transportation company’s stock valued at $143,000 after buying an additional 241 shares during the last quarter. FTB Advisors Inc. acquired a new position in XPO Logistics during the first quarter valued at $196,000. Finally, Alambic Investment Management L.P. acquired a new position in XPO Logistics during the first quarter valued at $200,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.
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.
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