GXO Logistics (GXO) to Release Earnings on Wednesday

GXO Logistics (NYSE:GXO) is expected to be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $3.20 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

GXO Logistics Price Performance

Shares of NYSE GXO opened at $43.04 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day simple moving average of $45.36 and a two-hundred day simple moving average of $51.22. GXO Logistics has a fifty-two week low of $41.38 and a fifty-two week high of $63.33. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 47.82, a P/E/G ratio of 1.19 and a beta of 1.60.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GXO. TD Cowen lifted their price objective on GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Oppenheimer increased their price objective on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. UBS Group upped their target price on shares of GXO Logistics from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital downgraded shares of GXO Logistics from a “buy” rating to a “hold” rating and reduced their price target for the company from $71.00 to $49.00 in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.46.

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.