GXO Logistics (NYSE:GXO – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45, Briefing.com reports. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.38 billion. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. GXO Logistics updated its FY24 guidance to $2.70-2.90 EPS.
GXO Logistics Stock Up 3.5 %
GXO Logistics stock traded up $1.78 during trading on Thursday, reaching $52.71. The stock had a trading volume of 334,576 shares, compared to its average volume of 855,887. GXO Logistics has a 52-week low of $48.11 and a 52-week high of $67.57. The business has a 50 day moving average price of $50.55 and a 200 day moving average price of $54.33. 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 stock has a market cap of $6.29 billion, a PE ratio of 26.68, a P/E/G ratio of 2.11 and a beta of 1.63.
Insider Buying and Selling
In related news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $50.00, for a total value of $236,850.00. Following the completion of the transaction, the director now 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.
Analyst Upgrades and Downgrades
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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.
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