XPO Logistics, Inc. (NYSE:XPO) – Equities researchers at William Blair lowered their FY2017 EPS estimates for XPO Logistics in a report issued on Friday, according to Zacks Investment Research. William Blair analyst T. Mulrooney now expects that the transportation company will post earnings of $1.89 per share for the year, down from their prior estimate of $1.94. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for XPO Logistics’ Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.90 EPS and Q4 2018 earnings at $0.61 EPS.
XPO Logistics (NYSE:XPO) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.79 billion. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share.
Several other research firms have also recently weighed in on XPO. Barclays PLC raised their target price on shares of XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Stifel Nicolaus set a $77.00 target price on shares of XPO Logistics and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $75.00 target price on shares of XPO Logistics in a research note on Thursday, October 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a research note on Friday, November 3rd. Finally, Cowen and Company raised their target price on shares of XPO Logistics from $69.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $75.17.
XPO Logistics (NYSE XPO) opened at $73.22 on Monday. The firm has a market cap of $8,688.24, a price-to-earnings ratio of 41.90, a P/E/G ratio of 1.04 and a beta of 2.47. XPO Logistics has a 52 week low of $40.87 and a 52 week high of $74.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.23 and a current ratio of 1.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of XPO. Fuller & Thaler Asset Management Inc. purchased a new position in XPO Logistics during the 3rd quarter valued at about $102,000. Advisors Asset Management Inc. increased its position in XPO Logistics by 18.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,992 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 466 shares during the period. Argent Trust Co purchased a new position in XPO Logistics during the 2nd quarter valued at about $205,000. Boston Advisors LLC purchased a new position in XPO Logistics during the 2nd quarter valued at about $212,000. Finally, HighTower Advisors LLC purchased a new position in XPO Logistics during the 1st quarter valued at about $214,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for XPO Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.