GXO Logistics (NYSE:GXO) Issues Earnings Results

Key Points

• GXO Logistics beat quarterly estimates: EPS was $0.89 versus the $0.86 consensus, while revenue reached $3.59 billion compared with expectations of $3.54 billion.
• The stock traded at $52.00 during Tuesday’s session, down $0.12. Its shares have ranged from $43.61 to $66.85 over the past year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $63.29; 13 analysts rate the stock Buy and two rate it Hold.

GXO Logistics (NYSE:GXO - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03, FiscalAI reports. GXO Logistics had a return on equity of 10.57% and a net margin of 0.96%. The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.54 billion.

GXO Logistics Price Performance

GXO Logistics stock traded down $0.12 during mid-day trading on Tuesday, hitting $52.00. The company's stock had a trading volume of 3,102,660 shares, compared to its average volume of 1,340,219. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $5.96 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.54 and a beta of 1.57. GXO Logistics has a twelve month low of $43.61 and a twelve month high of $66.85. The stock's fifty day moving average price is $46.99 and its two-hundred day moving average price is $51.80.

Analysts Set New Price Targets

Several analysts have recently weighed in on GXO shares. Stephens started coverage on GXO Logistics in a report on Wednesday, July 8th. They issued an "overweight" rating and a $75.00 price objective for the company. Morgan Stanley lifted their target price on GXO Logistics from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Citigroup initiated coverage on shares of GXO Logistics in a research report on Wednesday, July 15th. They issued a "market outperform" rating on the stock. Weiss Ratings raised shares of GXO Logistics from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 16th. Finally, Truist Financial cut their price target on shares of GXO Logistics from $70.00 to $55.00 and set a "buy" rating for the company in a report on Wednesday, July 15th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.29.

GXO Logistics Company Profile

GXO Logistics, Inc NYSE: GXO is a contract logistics company that manages supply chain operations for businesses worldwide. Its services include warehousing, distribution, order fulfillment, transportation management, reverse logistics, and other value-added supply chain solutions.

The company supports customers across sectors such as retail, consumer goods, technology, healthcare, and industrial manufacturing. GXO uses warehouse automation, robotics, data analytics, and other technology to help customers improve inventory management, delivery speed, and operational efficiency.

GXO was formed through the spin-off of XPO's logistics segment and began operating as an independent public company in 2021.

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