GXO Logistics (NYSE:GXO) Releases Earnings Results, Beats Estimates By $0.03 EPS

GXO Logistics (NYSE:GXO) released its quarterly earnings results on Tuesday. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03, FiscalAI reports. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%.

GXO Logistics Stock Down 0.2%

Shares of GXO stock traded down $0.12 on Tuesday, reaching $52.00. 3,102,660 shares of the company’s stock traded hands, compared to its average volume of 1,340,219. GXO Logistics has a 12-month low of $43.61 and a 12-month high of $66.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $5.96 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. The business’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $51.80.

Analyst Upgrades and Downgrades

A number of analysts have commented on GXO shares. Morgan Stanley upped their price objective on shares of GXO Logistics from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Stifel Nicolaus dropped their target price on shares of GXO Logistics from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of GXO Logistics from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Truist Financial cut their price target on shares of GXO Logistics from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, Stephens began coverage on shares of GXO Logistics in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $75.00 price target for the company. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

GXO Logistics Company Profile

GXO Logistics, Inc (NYSE:GXO) is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO’s logistics segment and began operating as an independent public company in 2021.