$ 0.56 in earnings per share expected for GXO Logistics Inc (NYSE: GXO) this quarter
Wall Street brokers expect GXO Logistics Inc (NYSE: GXO) to report earnings per share of $ 0.56 for the current quarter, Zack reports. Five analysts estimated GXO Logistics’ earnings, with the lowest EPS estimate of $ 0.49 and the highest estimate of $ 0.63. The company is expected to announce its next quarterly earnings report on Monday, February 7.
On average, analysts predict that GXO Logistics will report annual profit of $ 1.94 per share for the current year, with EPS estimates ranging from $ 1.84 to $ 2.06. For the next fiscal year, analysts expect the company to report earnings of $ 2.69 per share, with EPS estimates ranging from $ 2.55 to $ 2.80. Zacks EPS averages are an average based on a survey of sales-side research analysts who follow GXO Logistics.
GXO Logistics (NYSE: GXO) last reported its quarterly results on Sunday, October 31. The company reported earnings per share of $ 0.56 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.51 per $ 0.05. The company posted revenue of $ 1.97 billion for the quarter, compared to a consensus estimate of $ 1.90 billion. GXO Logistics’ quarterly revenue increased 24.6% compared to the same quarter last year.
GXO has been the subject of a number of recent research reports. Wells Fargo & Company raised its price target on GXO Logistics shares from $ 93.00 to $ 105 and rated the company as “overweight” in a research report released on Wednesday, November 3. Truist raised its target price on GXO Logistics shares from $ 100.00 to $ 115.00 and assigned the company a âbuyâ rating in a research note on Wednesday, November 3. Barclays raised its price target on GXO Logistics shares from $ 77.00 to $ 88.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 2. Jefferies Financial Group began hedging shares of GXO Logistics in a research note on Tuesday, October 26. They set a “buy” rating and a target price of $ 103.00 for the stock. Finally, Oppenheimer raised its price target on GXO Logistics stock from $ 91.00 to $ 108.00 and rated the stock as “outperforming” in a research note on Thursday, November 4. Four research analysts rated the stock with a conservation rating, eleven gave the company a buy rating, and one gave the company a strong buy rating. According to MarketBeat.com, the company currently has an average âBuyâ rating and an average target price of $ 101.40.
NYSE: GXO traded down $ 0.94 during trading hours on Friday, reaching $ 83.39. The company had a trading volume of 15,902 shares, compared to an average volume of 676,255. The company has a current ratio of 0.87, a rapid ratio of 0.87 and a debt ratio of 0.40. GXO Logistics has a 52 week low of $ 48.38 and a 52 week high of $ 105.92. The company’s 50-day simple moving average is $ 93.02.
In other news from GXO Logistics, the director Jacobs Bradley sold 3,217,500 GXO Logistics shares in a transaction dated Thursday, December 9. The shares were sold at an average price of $ 86.40, for a total trade of $ 277,992,000.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available through this link.
Several hedge funds have recently changed their positions in the title. Capital Analysts LLC acquired a new position in GXO Logistics during the 3rd quarter valued at approximately $ 25,000. Fifth Third Bancorp purchased a new equity stake in GXO Logistics during the third quarter for a value of approximately $ 27,000. Cohen & Steers Inc. purchased a new equity interest in GXO Logistics during the 3rd quarter valued at approximately $ 35,000. Rockefeller Capital Management LP purchased a new equity stake in GXO Logistics during the 3rd quarter for a value of approximately $ 38,000. Finally, Yarra Square Partners LP acquired a new equity stake in GXO Logistics during the 3rd quarter for a value of approximately $ 39,000. Hedge funds and other institutional investors hold 2.62% of the company’s shares.
GXO Logistics Company Profile
GXO Logistics Inc is an outright contract logistics provider. GXO Logistics Inc is headquartered in Connecticut, United States.
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