XPO Logistics Inc (XPO) Expected to Earn Q2 2018 Earnings of $0.98 Per Share

XPO Logistics Inc (NYSE:XPO) – Equities researchers at Oppenheimer lifted their Q2 2018 earnings estimates for XPO Logistics in a report released on Sunday. Oppenheimer analyst S. Schneeberger now expects that the transportation company will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.88. Oppenheimer has a “Buy” rating and a $104.00 price objective on the stock. Oppenheimer also issued estimates for XPO Logistics’ Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $3.22 EPS and FY2019 earnings at $4.00 EPS.

A number of other research analysts have also weighed in on XPO. Bank of America decreased their target price on XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Cowen reissued an “outperform” rating and set a $100.00 target price (up from $85.00) on shares of XPO Logistics in a report on Friday, February 9th. Deutsche Bank set a $133.00 target price on XPO Logistics and gave the stock a “buy” rating in a report on Friday, February 9th. Credit Suisse Group decreased their target price on XPO Logistics from $106.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Finally, Stephens set a $95.00 target price on XPO Logistics and gave the stock a “hold” rating in a report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $96.20.

XPO Logistics (XPO) traded down $0.12 during mid-day trading on Tuesday, hitting $93.35. The company had a trading volume of 49,243 shares, compared to its average volume of 1,535,755. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.23. The firm has a market cap of $11,066.24, a price-to-earnings ratio of 47.56, a PEG ratio of 0.95 and a beta of 2.55. XPO Logistics has a 1-year low of $44.51 and a 1-year high of $98.37.

XPO Logistics (NYSE:XPO) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.90 billion. XPO Logistics had a return on equity of 7.29% and a net margin of 2.11%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of XPO Logistics during the 3rd quarter valued at $102,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of XPO Logistics during the 4th quarter valued at $172,000. Oak Point Wealth Management bought a new stake in shares of XPO Logistics during the 4th quarter valued at $220,000. Pillar Pacific Capital Management LLC bought a new stake in shares of XPO Logistics during the 4th quarter valued at $224,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of XPO Logistics during the 3rd quarter valued at $230,000.

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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.

Earnings History and Estimates for XPO Logistics (NYSE:XPO)

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