Economy

Victory Capital Management Inc. Grows Holdings in XPO Logistics, Inc. (XPO)

In recent action, XPO Logistics, Inc. (NYSE:XPO) will post $0.57 earnings per share for the current quarter, Zacks reports.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. Taking a wider perspective, shares have been recently trading 1.04% off the 52-week high and 125.46% away from the 52-week low. The business's quarterly revenue was up 4.7% compared to the same quarter previous year. It increased, as 26 investors sold XPO Logistics Inc shares while 78 reduced holdings. The Price to Sales (P/S) ratio of the stock is 0.55, while P/B (Price to Book) stands at 2.73. "(XPO) Announces Quarterly Earnings Results" was first reported by Week Herald and is the property of of Week Herald. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.04. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. XPO Logistics, Inc. has had 1 insider trades in the last 3 months, including 0 open market buys and 1 sells. The stock of XPO Logistics Inc (NYSE:XPO) has "Outperform" rating given on Friday, February 26 by Cowen & Co. XPO Logistics, Inc. (NYSE:XPO)'s EPS growth this year is 119.80% and their trailing 12-month EPS is 0.87.

A number of research analysts have weighed in on the stock. Credit Suisse Group raised their target price on shares of XPO Logistics from $68.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, September 29th. William Blair reissued an "outperform" rating on shares of XPO Logistics in a research note on Monday, August 7th. Barclays PLC lifted their price objective on shares of XPO Logistics from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of XPO Logistics from a "buy" rating to a "hold" rating in a research report on Thursday, July 13th.

The stock of XPO Logistics Inc (NYSE:XPO) hit a new 52-week high and has $77.28 target or 8.00 % above today's $71.56 share price.

Among 17 analysts covering XPO Logistics (NYSE:XPO), 17 have Buy rating, 0 Sell and 0 Hold. The company has an average rating of "Buy" and an average price target of $70.13. Holt Capital Advsrs Dba Holt Capital Prtn Limited Partnership has invested 0.7% in XPO Logistics Inc (NYSE:XPO). Prudential Financial Inc. raised its position in XPO Logistics by 1.5% in the 1st quarter. Cipher Capital LP now owns 31,180 shares of the transportation company's stock worth $2,015,000 after purchasing an additional 2,858 shares in the last quarter.

The top 5 institutional holders, in ascending order, are as follows: ORBIS ALLAN GRAY LTD with 20.16 million shares, VANGUARD GROUP INC with 9.15 million shares, SPRUCE HOUSE INVESTMENT MANAGEMENT LLC with 7.75 million shares, BLACKROCK INC. with 4.45 million shares, and ONTARIO TEACHERS PENSION PLAN BOARD with 3.17 million shares. Dimensional Fund Advisors LP lifted its stake in XPO Logistics by 3.0% in the 2nd quarter. BlackRock Inc. now owns 6,016,292 shares of the transportation company's stock worth $288,120,000 after purchasing an additional 5,991,806 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in XPO Logistics by 719.7% in the 2nd quarter. The fund acquired 10,560 shares of the transportation company's stock, valued at approximately $682,000. National Bank & Trust Of Nova Scotia has 0.09% invested in XPO Logistics Inc (NYSE:XPO) for 259,701 shares. The company has a 50 day moving average price of $64.58 and a 200 day moving average price of $58.74. Lord Abbett & Lc invested 0.31% in XPO Logistics Inc (NYSE:XPO). The company's market capitalization is $4.57 billion. Cowen & Co maintained XPO Logistics Inc (NYSE:XPO) on Monday, July 10 with "Buy" rating. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and global copyright and trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/11/02/zacks-brokerages-anticipate-xpo-logistics-inc-xpo-to-announce-0-57-earnings-per-share.html.

Insider Trading Activity for XPO Logistics, Inc. The Firm operates in two divisions: Transportation and Logistics. The Transportation segment provides freight brokerage, last mile, less-than-truckload, full truckload and global forwarding services.



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