GXO Logistics (NYSE:GXO) Updates FY 2024 Earnings Guidance

GXO Logistics (NYSE:GXO) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 2.730-2.930 for the period, compared to the consensus estimate of 2.770. The company issued revenue guidance of -. GXO Logistics also updated its FY24 guidance to $2.73-2.93 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GXO shares. Susquehanna decreased their price target on GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a research report on Thursday, September 26th. UBS Group lowered their target price on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Citigroup began coverage on shares of GXO Logistics in a research report on Wednesday, October 9th. They set a “buy” rating and a $60.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, GXO Logistics has an average rating of “Moderate Buy” and a consensus target price of $66.91.

GXO Logistics Trading Up 0.0 %

Shares of NYSE GXO traded up $0.02 during mid-day trading on Monday, hitting $58.60. The company’s stock had a trading volume of 1,203,146 shares, compared to its average volume of 925,357. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 50.09, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55. The company’s fifty day simple moving average is $54.12 and its 200-day simple moving average is $51.79. GXO Logistics has a one year low of $46.07 and a one year high of $63.33.

GXO Logistics (NYSE:GXO) last released its earnings results on Tuesday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. GXO Logistics’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. On average, sell-side analysts anticipate that GXO Logistics will post 2.78 earnings per share for the current fiscal year.

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.