GXO Logistics (NYSE:GXO) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

GXO Logistics (NYSE:GXO) released its quarterly earnings results on Tuesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04, Zacks reports. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.48 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.

GXO Logistics Stock Performance

GXO traded down $0.57 on Tuesday, hitting $58.03. The company’s stock had a trading volume of 1,620,989 shares, compared to its average volume of 1,220,982. GXO Logistics has a 12 month low of $30.46 and a 12 month high of $59.28. The firm has a market cap of $6.64 billion, a P/E ratio of 76.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The company’s 50 day simple moving average is $55.08 and its 200-day simple moving average is $53.05.

Insider Activity

In related news, Director Todd C. Cooper purchased 6,000 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was purchased at an average cost of $50.59 per share, with a total value of $303,540.00. Following the completion of the acquisition, the director directly owned 10,040 shares of the company’s stock, valued at approximately $507,923.60. The trade was a 148.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in GXO Logistics by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 428,229 shares of the company’s stock valued at $22,542,000 after buying an additional 35,850 shares during the period. Intech Investment Management LLC purchased a new stake in shares of GXO Logistics in the 4th quarter valued at about $397,000. Allworth Financial LP boosted its position in shares of GXO Logistics by 175.0% during the 3rd quarter. Allworth Financial LP now owns 517 shares of the company’s stock valued at $27,000 after acquiring an additional 329 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of GXO Logistics by 201.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,621 shares of the company’s stock worth $86,000 after purchasing an additional 1,083 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of GXO Logistics in the third quarter worth approximately $213,000. Institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup lifted their target price on GXO Logistics from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of GXO Logistics from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Thursday, November 6th. Susquehanna increased their target price on shares of GXO Logistics from $64.00 to $80.00 and gave the company a “positive” rating in a report on Thursday, January 8th. Morgan Stanley boosted their price target on shares of GXO Logistics from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, GXO Logistics presently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

About GXO Logistics

GXO Logistics (NYSE: GXO) is a global contract logistics provider specializing in warehousing, distribution, and value-added supply chain services. Established in August 2021 as a spin-off from XPO Logistics, the company has built its reputation on integrating advanced technology and automation into traditional logistics operations. GXO’s core offerings include e-commerce fulfillment, inventory management, returns processing, and reverse logistics, supported by a network of fulfillment centers and distribution hubs designed to optimize order accuracy and delivery speed.

The company serves customers across a diverse array of industries, including retail, technology, consumer goods, automotive, industrial, and healthcare.