Oppenheimer Comments on XPO Logistics, Inc.’s Q2 2022 Earnings (NYSE:XPO)
XPO Logistics, Inc. (NYSE:XPO – Get Rating) – Stock analysts at Oppenheimer raised their Q2 2022 earnings per share (EPS) estimates for XPO Logistics in a research note issued on Wednesday, May 11th. Oppenheimer analyst S.
Schneeberger now expects that the transportation company will earn £1.48 per share for the quarter, up from their prior forecast of £1.35. Oppenheimer also issued estimates for XPO Logistics’ Q3 2022 earnings at £1.32 EPS, Q4 2022 earnings at £1.35 EPS, FY2022 earnings at £5.40 EPS and FY2023 earnings at £5.74 EPS. A number of other equities research analysts have also issued reports on the company.
Evercore ISI started coverage on XPO Logistics in a research note on Friday, February 25th. They issued an “outperform” rating and a £91.00 price target for the company. Susquehanna cut their price target on XPO Logistics from £97.00 to £96.00 in a research note on Wednesday.
Cowen increased their price target on XPO Logistics from £115.00 to £117.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 9th. KeyCorp cut their price target on XPO Logistics from £95.00 to £75.00 in a research note on Wednesday. Finally, Zacks Investment Research upgraded XPO Logistics from a “hold” rating to a “buy” rating and set a £61.00 price target for the company in a research note on Thursday, April 28th.
Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, XPO Logistics currently has a consensus rating of “Buy” and an average price target of £94.86.
Shares of XPO stock opened at £51.05 on Friday. XPO Logistics has a 52-week low of £49.12 and a 52-week high of £90.78.
The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of £5.87 billion, a PE ratio of 17.25, a PEG ratio of 0.88 and a beta of 2.07. The stock has a fifty day simple moving average of £63.72 and a two-hundred day simple moving average of £70.09.
The transportation company reported £1.25 EPS for the quarter, topping the consensus estimate of £0.93 by £0.32. The firm had revenue of £3.47 billion during the quarter, compared to analyst estimates of £3.22 billion. XPO Logistics had a return on equity of 31.71% and a net margin of 2.04%.
XPO Logistics’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted £1.46 EPS. In other XPO Logistics news, major shareholder Jacobs Private Equity, Llc sold 5,447,500 shares of XPO Logistics stock in a transaction on Wednesday, April 13th.
The shares were sold at an average price of £55.80, for a total value of £303,970,500.00. Following the transaction, the insider now directly owns 6,468,201 shares of the company’s stock, valued at £360,925,615.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
17.80% of the stock is currently owned by insiders. Several large investors have recently bought and sold shares of the company. Baldwin Investment Management LLC lifted its stake in shares of XPO Logistics by 3.6% during the third quarter.
Baldwin Investment Management LLC now owns 4,280 shares of the transportation company’s stock worth £341,000 after buying an additional 150 shares during the period. US Bancorp DE lifted its position in XPO Logistics by 1.1% during the third quarter. US Bancorp DE now owns 14,078 shares of the transportation company’s stock valued at £1,120,000 after purchasing an additional 160 shares during the period.
MetLife Investment Management LLC lifted its position in XPO Logistics by 0.4% during the fourth quarter. MetLife Investment Management LLC now owns 47,807 shares of the transportation company’s stock valued at £3,702,000 after purchasing an additional 174 shares during the period. AE Wealth Management LLC lifted its position in XPO Logistics by 6.2% during the first quarter.
AE Wealth Management LLC now owns 3,138 shares of the transportation company’s stock valued at £228,000 after purchasing an additional 183 shares during the period. Finally, Janney Capital Management LLC raised its position in shares of XPO Logistics by 3.1% in the first quarter. Janney Capital Management LLC now owns 6,142 shares of the transportation company’s stock worth £447,000 after acquiring an additional 183 shares during the period.
Institutional investors and hedge funds own 99.18% of the company’s stock. XPO Logistics Company Profile (Get Rating) 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. Featured Articles
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