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

XPO Logistics (NYSE:XPOGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $5.20-$5.60 for the period, compared to the consensus EPS estimate of $5.19. The company issued revenue guidance of -.XPO Logistics also updated its FY22 guidance to $5.20-$5.60 EPS.

Shares of NYSE:XPO traded down $0.51 during trading on Thursday, hitting $51.05. 1,997,411 shares of the company were exchanged, compared to its average volume of 1,729,910. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 0.88 and a beta of 2.07. XPO Logistics has a fifty-two week low of $49.12 and a fifty-two week high of $90.78. The firm has a fifty day moving average price of $64.03 and a two-hundred day moving average price of $70.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.09.

XPO Logistics (NYSE:XPOGet Rating) last posted its quarterly earnings results on Monday, May 9th. The transportation company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.32. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.22 billion. XPO Logistics had a return on equity of 31.71% and a net margin of 2.04%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, research analysts predict that XPO Logistics will post 5.22 EPS for the current year.

Several brokerages have recently commented on XPO. JPMorgan Chase & Co. reduced their target price on XPO Logistics from $94.00 to $90.00 in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft reduced their target price on XPO Logistics from $131.00 to $120.00 and set a buy rating for the company in a research note on Thursday, February 10th. Oppenheimer reduced their target price on XPO Logistics from $106.00 to $87.00 in a research note on Thursday. Barclays reduced their target price on XPO Logistics from $110.00 to $95.00 and set an overweight rating for the company in a research note on Friday, January 14th. Finally, Stifel Nicolaus reduced their target price on XPO Logistics to $92.00 and set a buy rating for the company in a research note on Tuesday, March 29th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Buy and a consensus price target of $94.86.

In other 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 stock was sold at an average price of $55.80, for a total transaction of $303,970,500.00. Following the completion of the sale, the insider now directly owns 6,468,201 shares in the company, valued at approximately $360,925,615.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of XPO Logistics by 9.9% during the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after buying an additional 906,295 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of XPO Logistics during the 1st quarter worth $242,000. HighTower Advisors LLC raised its holdings in shares of XPO Logistics by 14.2% during the 1st quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company’s stock worth $654,000 after buying an additional 1,117 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of XPO Logistics by 66.8% during the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock worth $515,000 after buying an additional 2,832 shares in the last quarter. Finally, JustInvest LLC acquired a new position in shares of XPO Logistics during the 4th quarter worth $217,000. 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.

See Also

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

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