Equity analysts at Jefferies Financial Group forecast XPO Logistics, Inc.’s (NYSE:XPO) FY2022 earnings per share (EPS) for the company’s shares in a letter to investors dated Monday, December 5th. Apparently, S. The transportation company is anticipated to generate yearly earnings per share of $3.45, according to Moore, an expert. XPO Logistics’ profits per share are now projected by the market to be $5.48 for the entire year. Furthermore, according to Jefferies Financial Group, XPO Logistics would earn $0.85 per share in Q4 2022, $0.79 per share in Q1 2023, $0.99 per share in Q2, $0.82 per share in Q3, $0.82 per share in Q4, $0.53 per share in Q4, $3.13 per share in FY2023, and $3.26 per share in FY2024.
XPO Logistics (NYSE:XPO) released its most recent quarterly results report on Monday, October 31st. The transportation sector’s $1.45 earnings per share (EPS) for the quarter was $0.10 more than the $1.35 median estimate. The company’s revenue for the quarter was $3.04 billion as opposed to the consensus estimate of $3.10 billion. XPO Logistics did well with a net margin of 6.73% and a return on equity of 43.47%. The business’s quarterly revenue decreased by 7.0% as compared to the same quarter last year. In the same quarter previous year, the business produced $0.94 in earnings per share.
The XPO shares began trading at $35.72 on Thursday. Current, quick, and debt-to-equity ratios for the corporation are each 1.16, 1.59, and 1.16, respectively. The company’s market value is $4.11 billion, its PE ratio is 4.69, its P/E/G is 0.57, and its beta is 2.04. For XPO Logistics, the 12-month low and 12-month high are $24.51 and $47.65, respectively. The company’s fifty-day moving average price is $41.89, and its 200-day moving average price is $48.36.
Other equities research analysts have also recently published investigations on XPO. In a research released on October 20th, Credit Suisse Group lowered its “outperform” rating and price objective on XPO Logistics from $67.00 to $60.00. On November 30, Citigroup released its initial research note on XPO Logistics. The company received a “neutral” rating from them, and its target price was $42. In a research note published on October 19, Cowen decreased their “outperform” rating and target price for XPO Logistics from $87.00 to $59.00. Last but not least, in a research note that was released on October 19th, Cowen dropped their target price on XPO Logistics from $87.00 to $59.00 and gave the firm a “outperform” rating. In a research report issued on Thursday, October 13th, Barclays dropped their target price for XPO Logistics from $75 to $65.00 and classified the stock as “overweight.” Two financial experts have rated the firm with a hold recommendation, while seventeen analysts have given it a buy recommendation. According to Bloomberg, XPO Logistics now has a “Moderate Buy” average rating and a $66.48 average price objective.
Recent changes have been made to the percentage of XPO stock that important owners now own. Commonwealth Equity Services LLC grew its stake in XPO Logistics by 1.8% during the first quarter. Commonwealth Equity Services LLC now owns 24,393 shares of the transportation company’s stock valued at $1,775,000 after acquiring an additional 435 shares during the period. During the first quarter, Prospera Financial Services Inc. made a $32,000 investment in XPO Logistics. During the first quarter, the New York State Common Retirement Fund boosted its stake in XPO Logistics by 6.7%. New York State Common Retirement Fund now owns 107,136 shares of the transportation company’s stock, valued at $7,800,000, after acquiring an additional 6,735 shares over the last three months. Rice Hall James & Associates LLC grew its stake in XPO Logistics by 11.4% in the first quarter. Rice Hall James & Associates LLC increased its stake in shares of the transportation industry by 34,158 during the most recent quarter. At the current price of $24,259,000, 333,227 shares of the company’s stock are owned by Rice Hall James & Associates LLC. Last but not least, during the first quarter, KBC Group NV increased its holdings in XPO Logistics by 43.5%. In the most recent quarter, KBC Group NV bought 423 more shares of the transportation company’s stock, for a total of 1,395 shares purchased for a cost of $102,000. 97.35 percent of the stock is under the collective control of institutions and hedge funds.
XPO Logistics, Inc. provides freight transportation services in North America, France, the United Kingdom, and the rest of Europe, as well as internationally. The two operational parts of the company are North American LTL, Brokerage, and Other Services. The North American LTL segment provides customers with day-definite regional, inter-regional, and transcontinental LTL freight services as well as geographic density.