GXO Logistics (GXO) Scheduled to Post Earnings on Tuesday

GXO Logistics (NYSE:GXO) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. GXO Logistics has set its FY24 guidance at $2.70-2.90 EPS and its FY 2024 guidance at 2.700-2.900 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

GXO Logistics (NYSE:GXO) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. On average, analysts expect GXO Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GXO Logistics Stock Performance

GXO Logistics stock opened at $50.27 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $6.00 billion, a P/E ratio of 26.32, a PEG ratio of 2.11 and a beta of 1.63. The stock’s 50 day moving average is $50.60 and its 200 day moving average is $54.36. GXO Logistics has a twelve month low of $48.11 and a twelve month high of $67.57.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, the director now directly owns 20,851 shares of the company’s stock, valued at approximately $1,042,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GXO shares. TD Cowen upped their price target on shares of GXO Logistics from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Citigroup reduced their price target on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Stifel Nicolaus boosted their price objective on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. reduced their target price on GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, BNP Paribas upgraded GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, GXO Logistics currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.69.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.