XPO Logistics is set to release its quarterly earnings on Wednesday, October 30th before the market opens. Analysts are predicting earnings of $0.93 per share for the quarter. If you are interested in joining the company’s earnings conference call, you can find the link to participate. In the previous quarterly earnings report on August 1st, XPO reported $1.12 EPS, surpassing analysts’ expectations by $0.11. The company’s revenue for the quarter was $2.08 billion, slightly higher than the estimated $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%, with revenue increasing by 8.5% year-over-year. In the same period last year, the company earned $0.71 per share. Analysts are forecasting $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
XPO stock experienced a 1.2% decrease, trading down to $109.49 during midday trading on Wednesday. The stock had a trading volume of 2,048,128 shares, above its average volume of 1,464,755. XPO has a fifty-day simple moving average of $112.56 and a two-hundred day simple moving average of $111.36. The company’s quick ratio is 1.00, the current ratio is 1.00, and the debt-to-equity ratio is 2.63. With a market cap of $12.74 billion, XPO has a price-to-earnings ratio of 53.40, a PEG ratio of 1.85, and a beta of 2.10. The stock has ranged from a twelve-month low of $65.80 to a high of $130.51.
Several brokerages have recently provided their insights on XPO. Stifel Nicolaus raised their price target to $126.00 and rated the stock as a “buy.” Bank of America lowered their target price to $134.00 with a “buy” rating. Wells Fargo & Company also decreased their target price to $119.00 while giving an “overweight” rating. Citigroup initiated coverage on XPO with a “buy” rating and a target price of $127.00. Stephens reiterated an “overweight” rating with a target price of $150.00. Overall, analysts hold a “Moderate Buy” rating for XPO with a consensus price target of $130.41.
XPO, Inc. provides freight transportation services in various regions globally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment offers LTL services such as geographic density and day-definite domestic services.
In conclusion, while XPO has a “Moderate Buy” rating, there are other stocks recommended by top-rated analysts that might be better investment options. It’s essential to consider all available information before making any investment decisions.
