XPO Logistics, Inc. to Post FY2017 Earnings of $1.86 Per Share, Oppenheimer Holdings Forecasts (NYSE:XPO)
XPO Logistics, Inc. (NYSE:XPO) – Investment analysts at Oppenheimer Holdings increased their FY2017 EPS estimates for shares of XPO Logistics in a research report issued on Wednesday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the transportation company will earn $1.86 per share for the year, up from their prior estimate of $1.84. Oppenheimer Holdings currently has a “Outperform” rating and a $72.00 price target on the stock.
Other equities analysts have also recently issued reports about the company. BidaskClub upgraded XPO Logistics from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Zacks Investment Research cut XPO Logistics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price target (up from $60.00) on shares of XPO Logistics in a research report on Tuesday, July 25th. Cowen and Company reiterated an “outperform” rating and set a $60.00 price target on shares of XPO Logistics in a research report on Monday, May 22nd. Finally, Vertical Research began coverage on XPO Logistics in a research report on Thursday, April 13th. They set a “buy” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $66.73.
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Shares of XPO Logistics (XPO) opened at 57.39 on Thursday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 66.04 and a beta of 2.31. The firm has a 50-day moving average price of $61.34 and a 200 day moving average price of $53.32. XPO Logistics has a 12-month low of $31.68 and a 12-month high of $65.44.
XPO Logistics (NYSE:XPO) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a return on equity of 6.49% and a net margin of 0.80%. XPO Logistics’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share.
Institutional investors have recently modified their holdings of the company. Reliant Investment Management LLC boosted its position in shares of XPO Logistics by 1.6% in the second quarter. Reliant Investment Management LLC now owns 48,325 shares of the transportation company’s stock worth $3,123,000 after buying an additional 750 shares during the last quarter. Argent Trust Co bought a new position in shares of XPO Logistics during the second quarter worth about $205,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of XPO Logistics during the second quarter worth about $2,514,000. Flagship Harbor Advisors LLC boosted its position in shares of XPO Logistics by 1.6% in the second quarter. Flagship Harbor Advisors LLC now owns 11,374 shares of the transportation company’s stock worth $704,000 after buying an additional 179 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of XPO Logistics during the second quarter worth about $646,000. Institutional investors and hedge funds own 88.06% of the company’s stock.
XPO Logistics Company Profile
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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