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

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

XPO opened at $55.26 on Monday. The stock’s fifty day moving average is $56.96 and its two-hundred day moving average is $66.63. The company has a market capitalization of $6.36 billion, a P/E ratio of 8.97, a PEG ratio of 0.81 and a beta of 2.07. XPO Logistics has a 52 week low of $46.41 and a 52 week high of $90.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.80.

XPO Logistics (NYSE:XPOGet Rating) last announced its quarterly earnings results on Monday, May 9th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.31. XPO Logistics had a return on equity of 36.79% and a net margin of 4.68%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same period last year, the business posted $1.46 EPS. The business’s revenue was up 16.2% compared to the same quarter last year. Equities analysts anticipate that XPO Logistics will post 5.48 earnings per share for the current year.

XPO has been the subject of a number of recent analyst reports. Susquehanna Bancshares lowered their price objective on XPO Logistics from $97.00 to $96.00 in a research report on Wednesday, May 11th. JPMorgan Chase & Co. lowered their price target on XPO Logistics from $94.00 to $90.00 in a research report on Friday, April 8th. Susquehanna lowered their price target on XPO Logistics from $97.00 to $96.00 in a research report on Wednesday, May 11th. Evercore ISI began coverage on XPO Logistics in a research report on Friday, February 25th. They set an outperform rating and a $91.00 price target for the company. Finally, Citigroup lowered their price target on XPO Logistics from $92.00 to $75.00 in a research report on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $94.86.

In other XPO Logistics 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 shares were 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 owns 6,468,201 shares in the company, valued at $360,925,615.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC grew its stake in XPO Logistics by 3.3% in the 1st quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock worth $601,000 after acquiring an additional 263 shares during the period. American Century Companies Inc. boosted its holdings in shares of XPO Logistics by 66.8% in the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock valued at $515,000 after purchasing an additional 2,832 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of XPO Logistics in the 1st quarter valued at $504,000. Captrust Financial Advisors lifted its holdings in shares of XPO Logistics by 10.0% during the 1st quarter. Captrust Financial Advisors now owns 6,915 shares of the transportation company’s stock valued at $503,000 after acquiring an additional 629 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of XPO Logistics during the 1st quarter valued at $285,000. 99.18% of the stock is owned by institutional investors.

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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