XPO Logistics (NYSE:XPO) posted its quarterly earnings data on Wednesday. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02, Briefing.com reports. XPO Logistics had a net margin of 1.11% and a return on equity of 7.01%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period last year, the firm posted $0.24 EPS. XPO Logistics’s quarterly revenue was up 14.1% on a year-over-year basis.
Shares of XPO Logistics (NYSE:XPO) traded down $2.74 during midday trading on Thursday, hitting $87.27. 2,877,263 shares of the company’s stock traded hands, compared to its average volume of 1,293,538. The stock has a market cap of $10,460.00, a price-to-earnings ratio of 72.61, a P/E/G ratio of 0.78 and a beta of 2.55. XPO Logistics has a 52 week low of $44.51 and a 52 week high of $98.37. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.24.
A number of equities analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of XPO Logistics from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Oppenheimer reiterated a “buy” rating and issued a $75.00 price objective on shares of XPO Logistics in a research report on Thursday, October 12th. Macquarie boosted their target price on shares of XPO Logistics from $80.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 27th. KeyCorp restated a “buy” rating and set a $110.00 target price on shares of XPO Logistics in a research report on Friday, January 12th. Finally, Zacks Investment Research lowered shares of XPO Logistics from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.06.
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.
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