Oppenheimer Comments on XPO Logistics Inc’s Q1 2018 Earnings (XPO)

XPO Logistics Inc (NYSE:XPO) – Stock analysts at Oppenheimer upped their Q1 2018 earnings per share estimates for XPO Logistics in a report issued on Tuesday. Oppenheimer analyst S. Schneeberger now expects that the transportation company will earn $0.43 per share for the quarter, up from their previous estimate of $0.40. Oppenheimer has a “Buy” rating and a $104.00 price objective on the stock. Oppenheimer also issued estimates for XPO Logistics’ Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.92 EPS and FY2019 earnings at $3.66 EPS.

XPO Logistics (NYSE:XPO) last released its earnings results on Wednesday, November 1st. The transportation company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. XPO Logistics had a return on equity of 7.01% and a net margin of 1.11%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their price target on XPO Logistics from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Macquarie boosted their price target on XPO Logistics from $80.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, December 27th. Citigroup reissued an “outperform” rating and issued a $104.00 price target (up previously from $85.00) on shares of XPO Logistics in a research note on Tuesday. Deutsche Bank reissued a “buy” rating on shares of XPO Logistics in a research note on Thursday, December 28th. Finally, Credit Suisse Group boosted their price target on XPO Logistics from $76.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $86.06.

XPO Logistics (XPO) traded down $0.67 during trading hours on Wednesday, reaching $91.94. The company’s stock had a trading volume of 872,300 shares, compared to its average volume of 1,265,243. The stock has a market cap of $11,020.00, a PE ratio of 76.62, a PEG ratio of 0.84 and a beta of 2.51. XPO Logistics has a 52 week low of $42.07 and a 52 week high of $93.98. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.24.

A number of institutional investors and hedge funds have recently bought and sold shares of XPO. Legal & General Group Plc lifted its holdings in XPO Logistics by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 44,997 shares of the transportation company’s stock worth $2,909,000 after purchasing an additional 5,623 shares during the last quarter. Comerica Bank acquired a new stake in XPO Logistics in the 2nd quarter worth approximately $269,000. BNP Paribas Arbitrage SA lifted its holdings in XPO Logistics by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,392 shares of the transportation company’s stock worth $219,000 after purchasing an additional 1,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in XPO Logistics by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,245 shares of the transportation company’s stock worth $274,000 after purchasing an additional 373 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in XPO Logistics by 60.2% in the 2nd quarter. Principal Financial Group Inc. now owns 18,908 shares of the transportation company’s stock worth $1,222,000 after purchasing an additional 7,103 shares during the last quarter.

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XPO Logistics Company Profile

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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