XPO Logistics, Inc. (NYSE:XPO) Expected to Earn Q4 2022 Earnings of $1.40 Per Share

XPO Logistics, Inc. (NYSE:XPOGet Rating) – Investment analysts at KeyCorp boosted their Q4 2022 earnings per share (EPS) estimates for XPO Logistics in a note issued to investors on Thursday, September 15th. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $1.40 per share for the quarter, up from their previous forecast of $1.37. KeyCorp currently has a “Overweight” rating and a $80.00 target price on the stock. The consensus estimate for XPO Logistics’ current full-year earnings is $5.82 per share.

XPO has been the subject of several other reports. Citigroup upped their target price on XPO Logistics from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, August 8th. Morgan Stanley raised XPO Logistics from an “equal weight” rating to an “overweight” rating and set a $75.00 target price for the company in a report on Friday, July 8th. Raymond James increased their price objective on XPO Logistics from $70.00 to $80.00 in a report on Tuesday, August 9th. Cowen reduced their price objective on XPO Logistics to $87.00 in a report on Monday, August 15th. Finally, Credit Suisse Group increased their price objective on XPO Logistics to $74.00 in a report on Monday, August 15th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $90.11.

XPO Logistics Stock Performance

XPO stock opened at $47.17 on Monday. The firm has a market cap of $5.43 billion, a PE ratio of 7.86, a P/E/G ratio of 0.57 and a beta of 2.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $54.35 and a 200-day moving average of $56.47. XPO Logistics has a 12-month low of $45.09 and a 12-month high of $88.00.

XPO Logistics (NYSE:XPOGet Rating) last released its earnings results on Thursday, August 4th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.32. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.19 billion. XPO Logistics had a return on equity of 45.28% and a net margin of 5.20%. XPO Logistics’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share.

Insider Buying and Selling

In related news, CEO S Jacobs Bradley sold 6,471 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $50.06, for a total value of $323,938.26. Following the sale, the chief executive officer now owns 6,461,730 shares in the company, valued at $323,474,203.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 5,117,500 shares of company stock worth $282,215,408. Corporate insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On XPO Logistics

A number of large investors have recently added to or reduced their stakes in XPO. MFN Partners Management LP raised its position in XPO Logistics by 54.4% during the second quarter. MFN Partners Management LP now owns 11,119,850 shares of the transportation company’s stock valued at $535,532,000 after purchasing an additional 3,919,481 shares in the last quarter. FMR LLC raised its position in XPO Logistics by 59.9% during the second quarter. FMR LLC now owns 4,680,699 shares of the transportation company’s stock valued at $225,423,000 after purchasing an additional 1,752,917 shares in the last quarter. Gates Capital Management Inc. purchased a new stake in XPO Logistics during the fourth quarter valued at about $92,223,000. BlackRock Inc. raised its position in XPO Logistics by 9.9% during the first quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock valued at $731,604,000 after purchasing an additional 906,295 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in XPO Logistics by 296.3% during the second quarter. AQR Capital Management LLC now owns 868,846 shares of the transportation company’s stock valued at $40,306,000 after purchasing an additional 649,614 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

About XPO Logistics

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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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