GXO Logistics (NYSE:GXO) Issues FY24 Earnings Guidance

GXO Logistics (NYSE:GXO) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.70-2.90 for the period, compared to the consensus EPS estimate of $2.71.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GXO shares. JPMorgan Chase & Co. dropped their price objective on GXO Logistics from $67.00 to $65.00 and set an overweight rating for the company in a research note on Tuesday, April 9th. Citigroup decreased their price target on GXO Logistics from $66.00 to $64.00 and set a buy rating for the company in a report on Thursday, February 15th. BNP Paribas raised GXO Logistics from an underperform rating to a neutral rating and set a $50.00 price target for the company in a report on Wednesday, March 27th. Loop Capital decreased their price target on GXO Logistics from $76.00 to $74.00 and set a buy rating for the company in a report on Thursday, April 18th. Finally, TD Cowen lifted their price target on GXO Logistics from $78.00 to $80.00 and gave the stock a buy rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, GXO Logistics presently has a consensus rating of Moderate Buy and a consensus price target of $69.69.

GXO Logistics Trading Down 0.5 %

Shares of GXO Logistics stock traded down $0.25 during trading hours on Tuesday, reaching $51.18. 1,173,122 shares of the company’s stock were exchanged, compared to its average volume of 859,583. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. The company has a fifty day moving average of $50.58 and a 200-day moving average of $54.37. GXO Logistics has a 52-week low of $48.11 and a 52-week high of $67.57.

GXO Logistics (NYSE:GXO) last issued its 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 business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. GXO Logistics had a return on equity of 10.94% and a net margin of 2.34%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. Sell-side analysts forecast that GXO Logistics will post 2.78 EPS for the current fiscal year.

Insider Activity at GXO Logistics

In other news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the sale, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

GXO Logistics Company Profile

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.