XPO (NYSE:XPO) Issues Earnings Results

XPO (NYSE:XPO) released its quarterly earnings results on Thursday. The transportation company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11, Briefing.com reports. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the firm posted $0.71 EPS. XPO’s quarterly revenue was up 8.5% compared to the same quarter last year.

XPO Trading Down 4.2 %

Shares of NYSE:XPO traded down $4.86 during trading hours on Friday, hitting $110.93. 3,225,635 shares of the company’s stock traded hands, compared to its average volume of 1,493,091. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $107.72 and a 200-day moving average price of $111.20. XPO has a 1 year low of $65.80 and a 1 year high of $130.51. The firm has a market capitalization of $12.90 billion, a P/E ratio of 52.65, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10.

Insider Buying and Selling at XPO

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Susquehanna reduced their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Stephens restated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research report on Friday, June 7th. Bank of America cut their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Evercore ISI decreased their target price on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Raymond James lowered their price objective on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.68.

About XPO

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.