XPO Logistics (NYSE:XPO) Releases Earnings Results, Beats Estimates By $0.32 EPS

XPO Logistics (NYSE:XPOGet Rating) issued its quarterly earnings results on Thursday. The transportation company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32, Briefing.com reports. XPO Logistics had a return on equity of 49.41% and a net margin of 5.20%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. XPO Logistics’s revenue for the quarter was up 1.3% compared to the same quarter last year. XPO Logistics updated its FY 2022 guidance to $5.55-$5.90 EPS and its FY22 guidance to $5.55-$5.90 EPS.

XPO Logistics Price Performance

Shares of NYSE XPO opened at $59.86 on Friday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.88 and a beta of 2.06. The business has a 50-day moving average of $51.45 and a 200-day moving average of $59.46. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.04 and a quick ratio of 1.04. XPO Logistics has a fifty-two week low of $45.09 and a fifty-two week high of $90.78.

Insider Activity

In other news, CEO S Jacobs Bradley sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $53.49, for a total value of $2,674,500.00. Following the completion of the transaction, the chief executive officer now owns 6,361,730 shares in the company, valued at approximately $340,288,937.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On XPO Logistics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. lifted its position in XPO Logistics by 19.4% during the first quarter. Royal London Asset Management Ltd. now owns 27,011 shares of the transportation company’s stock worth $1,966,000 after acquiring an additional 4,395 shares during the last quarter. HighTower Advisors LLC lifted its position in XPO Logistics by 14.2% during the first quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company’s stock worth $654,000 after acquiring an additional 1,117 shares during the last quarter. Guggenheim Capital LLC lifted its position in XPO Logistics by 3.3% during the first quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock worth $601,000 after acquiring an additional 263 shares during the last quarter. American Century Companies Inc. raised its position in shares of XPO Logistics by 66.8% in the first quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock valued at $515,000 after buying an additional 2,832 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of XPO Logistics in the first quarter valued at approximately $504,000. Institutional investors own 99.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. KeyCorp cut their price objective on XPO Logistics from $95.00 to $75.00 in a research report on Wednesday, May 11th. Oppenheimer lowered their price objective on XPO Logistics from $106.00 to $87.00 in a research note on Thursday, May 12th. Credit Suisse Group assumed coverage on XPO Logistics in a research report on Monday, June 27th. They set an “outperform” rating and a $65.00 price target on the stock. Evercore ISI decreased their price target on XPO Logistics from $83.00 to $67.00 in a research report on Tuesday, July 12th. Finally, Morgan Stanley raised XPO Logistics from an “equal weight” rating to an “overweight” rating and set a $75.00 price objective on the stock in a report on Friday, July 8th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.79.

XPO Logistics Company Profile

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XPO Logistics, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.

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Earnings History for XPO Logistics (NYSE:XPO)

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