XPO Logistics Inc (XPO) Expected to Announce Quarterly Sales of $4.32 Billion

Brokerages forecast that XPO Logistics Inc (NYSE:XPO) will announce $4.32 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for XPO Logistics’ earnings. The highest sales estimate is $4.51 billion and the lowest is $4.16 billion. XPO Logistics reported sales of $4.19 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The business is scheduled to issue its next earnings report on Wednesday, May 1st.

On average, analysts expect that XPO Logistics will report full-year sales of $17.91 billion for the current fiscal year, with estimates ranging from $17.77 billion to $18.15 billion. For the next financial year, analysts expect that the company will report sales of $19.20 billion, with estimates ranging from $18.68 billion to $19.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow XPO Logistics.

XPO Logistics (NYSE:XPO) last posted its earnings results on Thursday, February 14th. The transportation company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.11). XPO Logistics had a return on equity of 10.83% and a net margin of 2.44%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The company’s revenue was up 4.6% on a year-over-year basis.

XPO has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of XPO Logistics from $114.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, December 17th. Cowen restated an “outperform” rating and issued a $79.00 target price (down previously from $101.00) on shares of XPO Logistics in a report on Tuesday, February 19th. Morgan Stanley lowered shares of XPO Logistics from an “overweight” rating to an “equal weight” rating and set a $116.00 target price on the stock. in a report on Tuesday, February 19th. Loop Capital initiated coverage on shares of XPO Logistics in a report on Wednesday, February 6th. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Jefferies Financial Group upped their target price on shares of XPO Logistics to $120.00 and gave the stock a “buy” rating in a report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. XPO Logistics currently has a consensus rating of “Buy” and a consensus target price of $92.49.

Hedge funds have recently modified their holdings of the business. Paradigm Asset Management Co. LLC grew its position in XPO Logistics by 83.3% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the transportation company’s stock worth $63,000 after purchasing an additional 250 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in shares of XPO Logistics during the 4th quarter valued at approximately $36,000. Penserra Capital Management LLC bought a new position in shares of XPO Logistics during the 4th quarter valued at approximately $39,000. Bronfman E.L. Rothschild L.P. grew its position in shares of XPO Logistics by 20.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,036 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 176 shares during the period. Finally, Cohen & Steers Inc. grew its position in shares of XPO Logistics by 51.8% during the 4th quarter. Cohen & Steers Inc. now owns 1,348 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 460 shares during the period.

Shares of XPO traded up $1.62 on Tuesday, reaching $51.34. The company’s stock had a trading volume of 2,284,232 shares, compared to its average volume of 3,498,345. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. XPO Logistics has a twelve month low of $41.05 and a twelve month high of $116.27. The firm has a market capitalization of $5.54 billion, a PE ratio of 16.09, a P/E/G ratio of 0.71 and a beta of 2.20.

XPO Logistics Company Profile

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

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

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