Wall Street analysts predict that XPO Logistics, Inc. (NYSE:XPO) will post $4.70 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for XPO Logistics’ earnings. The lowest sales estimate is $4.32 billion and the highest is $4.99 billion. XPO Logistics posted sales of $3.50 billion during the same quarter last year, which suggests a positive year over year growth rate of 34.3%. The company is scheduled to report its next quarterly earnings report on Thursday, July 29th.
According to Zacks, analysts expect that XPO Logistics will report full-year sales of $19.19 billion for the current financial year, with estimates ranging from $18.05 billion to $19.77 billion. For the next financial year, analysts forecast that the business will report sales of $20.12 billion, with estimates ranging from $18.86 billion to $20.98 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover XPO Logistics.
XPO Logistics (NYSE:XPO) last released its quarterly earnings data on Sunday, May 2nd. The transportation company reported $1.46 EPS for the quarter, beating the consensus estimate of $0.97 by $0.49. XPO Logistics had a return on equity of 12.79% and a net margin of 1.17%. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’s revenue was up 23.6% compared to the same quarter last year.
NYSE XPO traded up $2.76 on Tuesday, reaching $148.30. The company had a trading volume of 10,478 shares, compared to its average volume of 968,528. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 111.10, a PEG ratio of 1.93 and a beta of 2.18. The firm’s 50-day moving average is $139.84. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO Logistics has a 1 year low of $71.69 and a 1 year high of $151.22.
In related news, CEO S Jacobs Bradley sold 56,666 shares of the business’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $118.16, for a total value of $6,695,654.56. Following the completion of the sale, the chief executive officer now owns 387,416 shares of the company’s stock, valued at approximately $45,777,074.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jacobs Private Equity, Llc sold 83,781 shares of the firm’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $121.88, for a total transaction of $10,211,228.28. Following the transaction, the director now directly owns 18,705,179 shares in the company, valued at approximately $2,279,787,216.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 705,818 shares of company stock valued at $95,520,532. 17.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of XPO Logistics by 12.9% in the first quarter. BlackRock Inc. now owns 9,405,154 shares of the transportation company’s stock worth $1,159,655,000 after buying an additional 1,077,220 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in XPO Logistics by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,806,787 shares of the transportation company’s stock worth $222,777,000 after purchasing an additional 18,334 shares during the last quarter. Fred Alger Management LLC boosted its position in XPO Logistics by 9.8% during the first quarter. Fred Alger Management LLC now owns 1,750,069 shares of the transportation company’s stock worth $215,784,000 after purchasing an additional 155,699 shares during the period. Federated Hermes Inc. grew its holdings in XPO Logistics by 37.8% during the first quarter. Federated Hermes Inc. now owns 1,238,700 shares of the transportation company’s stock valued at $152,732,000 after purchasing an additional 339,614 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of XPO Logistics by 11.7% in the first quarter. Geode Capital Management LLC now owns 1,188,182 shares of the transportation company’s stock valued at $146,326,000 after purchasing an additional 124,723 shares during the period. 73.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
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