XPO Logistics Inc. (NYSE:XPO) – Analysts at William Blair lowered their Q3 2016 earnings per share (EPS) estimates for shares of XPO Logistics in a note issued to investors on Thursday. William Blair analyst N. Brochmann now anticipates that the brokerage will earn $0.35 per share for the quarter, down from their previous estimate of $0.36. William Blair also issued estimates for XPO Logistics’ FY2016 earnings at $0.98 EPS.
XPO Logistics (NYSE:XPO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.15. XPO Logistics had a negative net margin of 1.01% and a positive return on equity of 0.14%. The company earned $3.68 billion during the quarter. During the same quarter in the prior year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was up 202.9% on a year-over-year basis.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of XPO Logistics from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, October 12th. Oppenheimer Holdings Inc. lifted their target price on shares of XPO Logistics from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Deutsche Bank AG lifted their target price on shares of XPO Logistics from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of XPO Logistics from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Finally, Stifel Nicolaus lifted their target price on shares of XPO Logistics from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. XPO Logistics has an average rating of “Buy” and an average target price of $42.20.
XPO Logistics (NYSE:XPO) opened at 34.46 on Monday. The stock’s 50 day moving average is $35.44 and its 200-day moving average is $31.16. The firm’s market capitalization is $3.80 billion. XPO Logistics has a 1-year low of $18.04 and a 1-year high of $37.94.
Large investors have recently added to or reduced their stakes in the stock. First Western Capital Management Co bought a new stake in XPO Logistics during the second quarter valued at about $892,000. BNP Paribas Arbitrage SA bought a new stake in XPO Logistics during the second quarter valued at about $102,000. Orbis Allan Gray Ltd bought a new stake in XPO Logistics during the first quarter valued at about $551,439,000. Envestnet Asset Management Inc. boosted its stake in XPO Logistics by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 39,022 shares of the company’s stock valued at $1,198,000 after buying an additional 692 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in XPO Logistics by 3.4% in the first quarter. Geode Capital Management LLC now owns 549,460 shares of the company’s stock valued at $16,868,000 after buying an additional 17,976 shares during the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.
In other news, major shareholder Private Ltd Gic sold 145,000 shares of XPO Logistics stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $37.42, for a total transaction of $5,425,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 17.20% of the company’s stock.
XPO Logistics Company Profile
XPO Logistics (NYSE:XPO) is a global logistics company operating in 34 countries, with over 88,000 employees and 1,440 locations. The company provides supply chain solutions in two reporting segments: transportation and logistics. The logistics segment offers e-commerce fulfillment, reverse logistics, factory and aftermarket support, packaging and labeling, distribution and managed transportation.
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