Q3 2022 EPS Estimates for GXO Logistics, Inc. Lowered by Jefferies Financial Group (NYSE:GXO)

GXO Logistics, Inc. (NYSE:GXOGet Rating) – Stock analysts at Jefferies Financial Group reduced their Q3 2022 earnings per share (EPS) estimates for shares of GXO Logistics in a report issued on Wednesday, August 3rd. Jefferies Financial Group analyst H. Mazari now forecasts that the company will post earnings per share of $0.72 for the quarter, down from their prior forecast of $0.78. The consensus estimate for GXO Logistics’ current full-year earnings is $2.83 per share. Jefferies Financial Group also issued estimates for GXO Logistics’ FY2022 earnings at $2.79 EPS, Q1 2023 earnings at $0.59 EPS, Q2 2023 earnings at $0.71 EPS and Q1 2024 earnings at $0.68 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, beating analysts’ consensus estimates of $0.54 by $0.05. GXO Logistics had a return on equity of 12.25% and a net margin of 2.55%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis.

GXO has been the topic of several other reports. Susquehanna Bancshares increased their target price on GXO Logistics from $61.00 to $65.00 in a research note on Thursday. Barclays cut their target price on GXO Logistics from $60.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. JPMorgan Chase & Co. dropped their price target on GXO Logistics from $83.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Citigroup dropped their price target on GXO Logistics from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 20th. Finally, Cowen raised their price target on GXO Logistics from $64.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, GXO Logistics currently has an average rating of “Moderate Buy” and a consensus target price of $83.12.

GXO Logistics Stock Down 6.9 %

GXO stock opened at $48.07 on Friday. The business has a 50 day moving average of $46.62 and a 200 day moving average of $62.04. The company has a quick ratio of 0.96, a current ratio of 0.95 and a debt-to-equity ratio of 0.70. GXO Logistics has a twelve month low of $38.08 and a twelve month high of $105.92. The firm has a market cap of $5.52 billion and a PE ratio of 27.77.

Institutional Investors Weigh In On GXO Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of GXO. Pendal Group Ltd raised its holdings in GXO Logistics by 128.0% during the second quarter. Pendal Group Ltd now owns 3,248,753 shares of the company’s stock valued at $140,574,000 after acquiring an additional 1,824,003 shares during the period. BlackRock Inc. increased its holdings in shares of GXO Logistics by 10.1% in the first quarter. BlackRock Inc. now owns 11,164,769 shares of the company’s stock worth $796,492,000 after purchasing an additional 1,023,715 shares during the last quarter. Mar Vista Investment Partners LLC bought a new stake in shares of GXO Logistics in the first quarter worth about $71,087,000. American Century Companies Inc. increased its holdings in shares of GXO Logistics by 51.2% in the fourth quarter. American Century Companies Inc. now owns 2,790,395 shares of the company’s stock worth $253,452,000 after purchasing an additional 945,283 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in shares of GXO Logistics in the fourth quarter worth about $74,164,000. 91.32% of the stock is owned by institutional investors.

GXO Logistics Company Profile

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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.

See Also

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

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