Q4 2017 Earnings Forecast for XPO Logistics, Inc. (XPO) Issued By Oppenheimer Holdings
XPO Logistics, Inc. (NYSE:XPO) – Research analysts at Oppenheimer Holdings boosted their Q4 2017 earnings estimates for XPO Logistics in a research report issued to clients and investors on Thursday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the transportation company will post earnings per share of $0.42 for the quarter, up from their prior forecast of $0.40. Oppenheimer Holdings has a “Buy” rating and a $75.00 price objective on the stock.
A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target (down from $78.00) on shares of XPO Logistics in a report on Friday, July 21st. Cowen and Company restated a “buy” rating and issued a $69.00 price target on shares of XPO Logistics in a report on Thursday, September 7th. Zacks Investment Research cut shares of XPO Logistics from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley raised their price target on shares of XPO Logistics from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Finally, KeyCorp raised their price target on shares of XPO Logistics from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $70.13.
WARNING: “Q4 2017 Earnings Forecast for XPO Logistics, Inc. (XPO) Issued By Oppenheimer Holdings” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/10/18/q4-2017-earnings-forecast-for-xpo-logistics-inc-xpo-issued-by-oppenheimer-holdings.html. XPO Logistics (NYSE:XPO) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. XPO Logistics had a net margin of 0.80% and a return on equity of 6.49%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new position in XPO Logistics during the second quarter worth about $1,147,000. Envestnet Asset Management Inc. boosted its holdings in XPO Logistics by 461.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,425 shares of the transportation company’s stock worth $116,000 after purchasing an additional 1,993 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in XPO Logistics by 18.4% during the second quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock worth $193,000 after purchasing an additional 466 shares during the last quarter. Argent Trust Co purchased a new position in XPO Logistics during the second quarter worth about $205,000. Finally, Boston Advisors LLC purchased a new position in XPO Logistics during the second quarter worth about $212,000. Institutional investors and hedge funds own 89.55% 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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