GXO Logistics (NYSE:GXO) Releases FY22 Earnings Guidance

GXO Logistics (NYSE:GXOGet Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.70 to $2.90 for the period, compared to the consensus estimate of $2.75. The company issued revenue guidance of $8.813 billion to $9.131 billion from $8.575 billion to $8.893, compared to the consensus revenue estimate of $8.82 billion.

Shares of NYSE GXO traded down $1.94 during mid-day trading on Friday, hitting $60.38. The company had a trading volume of 1,871,732 shares, compared to its average volume of 1,291,778. The company has a market capitalization of $6.93 billion and a price-to-earnings ratio of 39.72. GXO Logistics has a 1 year low of $48.38 and a 1 year high of $105.92. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average price is $67.51 and its 200-day moving average price is $81.43.

GXO Logistics (NYSE:GXOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. GXO Logistics had a return on equity of 8.95% and a net margin of 2.15%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts forecast that GXO Logistics will post 2.81 earnings per share for the current year.

Several equities research analysts have issued reports on GXO shares. Morgan Stanley lifted their price target on GXO Logistics from $75.00 to $76.00 and gave the stock an equal weight rating in a research note on Monday, April 4th. JPMorgan Chase & Co. dropped their price target on GXO Logistics from $100.00 to $86.00 and set an overweight rating for the company in a research note on Friday, April 8th. Stifel Nicolaus started coverage on GXO Logistics in a research note on Tuesday, March 1st. They set a buy rating and a $94.00 price target for the company. Wells Fargo & Company lifted their price target on GXO Logistics from $105.00 to $110.00 in a research note on Thursday, February 17th. Finally, Zacks Investment Research lowered GXO Logistics from a hold rating to a sell rating in a research note on Tuesday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $99.13.

In other news, Director S Jacobs Bradley sold 5,447,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $57.24, for a total value of $311,814,900.00. Following the completion of the transaction, the director now owns 6,468,201 shares in the company, valued at approximately $370,239,825.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gena L. Ashe sold 3,527 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $80.00, for a total value of $282,160.00. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GXO. First Community Trust NA purchased a new position in GXO Logistics during the fourth quarter valued at $45,000. Weiss Multi Strategy Advisers LLC purchased a new position in GXO Logistics during the fourth quarter valued at $288,000. NewEdge Advisors LLC purchased a new position in GXO Logistics during the fourth quarter valued at $388,000. MML Investors Services LLC raised its stake in GXO Logistics by 11.4% during the fourth quarter. MML Investors Services LLC now owns 8,631 shares of the company’s stock valued at $784,000 after buying an additional 880 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in GXO Logistics by 23.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,572 shares of the company’s stock valued at $869,000 after buying an additional 1,813 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.

GXO Logistics Company Profile (Get Rating)

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, and other supply chain services, as well as reverse logistics or returns management services. As of December 31, 2021, it operated in approximately 906 facilities.

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Earnings History and Estimates for GXO Logistics (NYSE:GXO)

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