XPO Logistics (NYSE:XPO) Announces Earnings Results

XPO Logistics (NYSE:XPO) issued its quarterly earnings data on Sunday. The transportation company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.49, MarketWatch Earnings reports. XPO Logistics had a net margin of 0.82% and a return on equity of 9.11%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 23.6% on a year-over-year basis.

XPO stock traded up $0.52 during midday trading on Tuesday, hitting $141.52. The company’s stock had a trading volume of 1,689,766 shares, compared to its average volume of 1,026,581. XPO Logistics has a 12 month low of $60.75 and a 12 month high of $142.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 172.59, a price-to-earnings-growth ratio of 11.01 and a beta of 2.33. The company has a 50 day moving average of $130.23 and a two-hundred day moving average of $117.37.

In related news, Director Jacobs Private Equity, Llc sold 29,863 shares of the stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $136.63, for a total transaction of $4,080,181.69. Following the sale, the director now owns 18,480,394 shares in the company, valued at approximately $2,524,976,232.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lance A. Robinson sold 7,650 shares of the stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $118.12, for a total value of $903,618.00. Following the completion of the sale, the chief accounting officer now owns 74,955 shares in the company, valued at approximately $8,853,684.60. The disclosure for this sale can be found here. Insiders sold a total of 449,830 shares of company stock valued at $56,391,645 over the last 90 days. 18.90% of the stock is currently owned by corporate insiders.

XPO has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of XPO Logistics from $144.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 19th. Citigroup lifted their price objective on shares of XPO Logistics from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Vertical Research began coverage on shares of XPO Logistics in a research report on Friday, March 26th. They set a “hold” rating for the company. Zacks Investment Research lowered shares of XPO Logistics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 21st. Finally, Barclays raised shares of XPO Logistics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $136.00 to $160.00 in a report on Wednesday, April 21st. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $140.08.

About XPO Logistics

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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Earnings History for XPO Logistics (NYSE:XPO)

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