XPO (XPO) to Release Earnings on Thursday

XPO (NYSE:XPO) is scheduled to be announcing its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

XPO (NYSE:XPO) last announced its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. XPO’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, analysts expect XPO to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

XPO Trading Up 1.7 %

Shares of NYSE XPO opened at $112.39 on Wednesday. XPO has a twelve month low of $64.70 and a twelve month high of $130.51. The firm has a market cap of $13.07 billion, a PE ratio of 55.09, a price-to-earnings-growth ratio of 1.74 and a beta of 2.10. The business has a fifty day simple moving average of $107.33 and a two-hundred day simple moving average of $111.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49.

Wall Street Analyst Weigh In

XPO has been the topic of several research reports. Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, June 7th. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and raised their target price for the company from $115.00 to $120.00 in a research note on Friday, May 24th. Bank of America reduced their price target on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Wells Fargo & Company started coverage on XPO in a research note on Friday, June 7th. They issued an “overweight” rating and a $125.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.45.

Insider Transactions at XPO

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

XPO Company Profile

XPO, 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 European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.