Equities research analysts forecast that XPO Logistics, Inc. (NYSE:XPO) will report $4.86 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for XPO Logistics’ earnings, with the lowest sales estimate coming in at $4.51 billion and the highest estimate coming in at $5.03 billion. XPO Logistics reported sales of $3.50 billion in the same quarter last year, which would suggest a positive year over year growth rate of 38.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 28th.
According to Zacks, analysts expect that XPO Logistics will report full year sales of $19.45 billion for the current financial year, with estimates ranging from $19.10 billion to $19.94 billion. For the next year, analysts forecast that the company will post sales of $20.36 billion, with estimates ranging from $18.86 billion to $21.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow XPO Logistics.
XPO Logistics (NYSE:XPO) last issued its quarterly earnings results on Sunday, May 2nd. The transportation company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.49. XPO Logistics had a net margin of 1.17% and a return on equity of 12.79%. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the company posted $0.69 EPS. XPO Logistics’s revenue was up 23.6% on a year-over-year basis.
In other XPO Logistics news, Director Jacobs Private Equity, Llc sold 72,512 shares of the company’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $134.50, for a total value of $9,752,864.00. Following the completion of the transaction, the director now directly owns 18,480,394 shares in the company, valued at $2,485,612,993. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO S Jacobs Bradley sold 61,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 27th. The stock was sold at an average price of $137.01, for a total transaction of $8,385,012.00. Following the completion of the transaction, the chief executive officer now owns 387,416 shares of the company’s stock, valued at $53,079,866.16. The disclosure for this sale can be found here. Insiders have sold 3,395,725 shares of company stock valued at $458,515,206 over the last 90 days. 17.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in shares of XPO Logistics by 41.4% in the first quarter. Quadrant Capital Group LLC now owns 355 shares of the transportation company’s stock worth $44,000 after purchasing an additional 104 shares during the period. Harvest Fund Management Co. Ltd boosted its position in shares of XPO Logistics by 30.8% in the first quarter. Harvest Fund Management Co. Ltd now owns 467 shares of the transportation company’s stock worth $57,000 after purchasing an additional 110 shares during the period. First Hawaiian Bank lifted its holdings in shares of XPO Logistics by 4.1% in the first quarter. First Hawaiian Bank now owns 3,022 shares of the transportation company’s stock worth $373,000 after buying an additional 120 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of XPO Logistics by 2.3% in the first quarter. Sigma Planning Corp now owns 5,715 shares of the transportation company’s stock worth $705,000 after buying an additional 126 shares in the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in shares of XPO Logistics by 3.8% in the first quarter. JGP Wealth Management LLC now owns 4,013 shares of the transportation company’s stock worth $495,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.
NYSE XPO traded down $1.10 during trading hours on Monday, reaching $142.06. 3,376 shares of the company’s stock traded hands, compared to its average volume of 1,724,285. XPO Logistics has a 52-week low of $72.21 and a 52-week high of $153.45. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 1.86 and a beta of 2.16. The business’s 50-day simple moving average is $144.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.
XPO Logistics Company Profile
XPO Logistics, Inc provides supply chain solutions in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, Transportation and Logistics. The Transportation segment offers less-than-truckload (LTL) services, such as density and day-definite regional, inter-regional, and transcontinental LTL freight services through a network of tractors, trailers, professional drivers, and terminals; and truck brokerage services.
Featured Article: How prevalent are 12b-1 fees?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.