XPO Logistics (NYSE:XPO) Issues FY 2022 Earnings Guidance

XPO Logistics (NYSE:XPOGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $5.20-$5.60 for the period, compared to the consensus EPS estimate of $5.19. The company issued revenue guidance of -.XPO Logistics also updated its FY22 guidance to $5.20-$5.60 EPS.

Several research firms recently weighed in on XPO. Wells Fargo & Company upped their price objective on shares of XPO Logistics from $112.00 to $119.00 and gave the stock an overweight rating in a report on Wednesday, March 9th. Zacks Investment Research raised shares of XPO Logistics from a hold rating to a buy rating and set a $61.00 price target for the company in a report on Thursday, April 28th. Stifel Nicolaus cut their price target on shares of XPO Logistics to $92.00 and set a buy rating for the company in a report on Tuesday, March 29th. StockNews.com initiated coverage on shares of XPO Logistics in a report on Thursday, March 31st. They issued a hold rating for the company. Finally, Bank of America raised shares of XPO Logistics from a neutral rating to a buy rating and upped their price target for the company from $70.00 to $96.00 in a report on Friday, March 11th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $97.81.

Shares of XPO traded down $0.10 during mid-day trading on Tuesday, hitting $50.87. The company’s stock had a trading volume of 35,377 shares, compared to its average volume of 1,692,856. XPO Logistics has a one year low of $50.54 and a one year 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 $5.85 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 0.88 and a beta of 2.07. The stock’s 50-day moving average is $64.84 and its two-hundred day moving average is $70.59.

XPO Logistics (NYSE:XPOGet Rating) last posted its quarterly earnings data on Monday, May 9th. The transportation company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.32. XPO Logistics had a return on equity of 31.71% and a net margin of 2.04%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the business earned $1.46 earnings per share. XPO Logistics’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts expect that XPO Logistics will post 5.22 EPS for the current fiscal year.

In related news, major shareholder Jacobs Private Equity, Llc sold 5,447,500 shares of the company’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $55.80, for a total value of $303,970,500.00. Following the completion of the transaction, the insider now directly owns 6,468,201 shares in the company, valued at $360,925,615.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XPO. First Community Trust NA acquired a new position in shares of XPO Logistics in the fourth quarter valued at $39,000. JustInvest LLC acquired a new position in XPO Logistics during the fourth quarter worth $217,000. Kingsview Wealth Management LLC raised its stake in XPO Logistics by 11.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 18,838 shares of the transportation company’s stock worth $1,459,000 after acquiring an additional 1,911 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in XPO Logistics by 1.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 26,012 shares of the transportation company’s stock worth $2,014,000 after acquiring an additional 245 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in XPO Logistics during the fourth quarter worth $2,177,000. 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.

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

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