GXO Logistics, Inc. to Post Q4 2022 Earnings of $0.88 Per Share, Jefferies Financial Group Forecasts (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXOGet Rating) – Research analysts at Jefferies Financial Group increased their Q4 2022 earnings per share (EPS) estimates for GXO Logistics in a report issued on Thursday, May 19th. Jefferies Financial Group analyst H. Mazari now anticipates that the company will post earnings of $0.88 per share for the quarter, up from their prior forecast of $0.83. Jefferies Financial Group also issued estimates for GXO Logistics’ FY2024 earnings at $3.78 EPS.

GXO Logistics (NYSE:GXOGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. GXO Logistics had a return on equity of 9.11% 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 prior year, the firm earned $0.37 earnings per share. GXO Logistics’s revenue for the quarter was up 14.3% compared to the same quarter last year.

Several other brokerages have also recently commented on GXO. Oppenheimer reduced their price target on GXO Logistics from $108.00 to $91.00 in a research report on Monday, May 9th. Zacks Investment Research lowered GXO Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, February 15th. JPMorgan Chase & Co. dropped their price objective on GXO Logistics from $100.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. Wells Fargo & Company upped their price objective on GXO Logistics from $105.00 to $110.00 in a research note on Thursday, February 17th. Finally, Stifel Nicolaus started coverage on GXO Logistics in a research note on Tuesday, March 1st. They issued a “buy” rating and a $94.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $98.00.

Shares of NYSE GXO opened at $52.74 on Monday. The stock has a 50 day moving average price of $64.11 and a 200 day moving average price of $78.95. GXO Logistics has a 52 week low of $48.38 and a 52 week high of $105.92. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.96. The stock has a market capitalization of $6.06 billion and a PE ratio of 34.70.

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

A number of large investors have recently made changes to their positions in the stock. Mastrapasqua Asset Management Inc. raised its position in GXO Logistics by 0.5% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 27,445 shares of the company’s stock worth $2,493,000 after purchasing an additional 125 shares during the last quarter. MetLife Investment Management LLC raised its position in GXO Logistics by 0.3% during the 4th quarter. MetLife Investment Management LLC now owns 47,779 shares of the company’s stock worth $4,340,000 after purchasing an additional 146 shares during the last quarter. AE Wealth Management LLC raised its position in GXO Logistics by 4.9% during the 4th quarter. AE Wealth Management LLC now owns 3,289 shares of the company’s stock worth $299,000 after purchasing an additional 154 shares during the last quarter. Corbett Road Capital Management LLC raised its position in GXO Logistics by 3.2% during the 4th quarter. Corbett Road Capital Management LLC now owns 4,951 shares of the company’s stock worth $450,000 after purchasing an additional 155 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of GXO Logistics by 3.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,982 shares of the company’s stock worth $453,000 after acquiring an additional 184 shares in the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

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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