GXO Logistics (NYSE:GXO) announced its quarterly earnings on Tuesday, reporting earnings per share of $0.79, aligning with analysts’ expectations. The company also revealed a net margin of 0.50% and a return on equity of 10.45%. Additionally, GXO updated its guidance for fiscal year 2025, projecting earnings per share between $2.430 and $2.630.
Stock Performance and Analyst Ratings
During trading hours on Tuesday, shares of GXO Logistics decreased by $0.07 to reach $55.29. The stock recorded a trading volume of 1,687,286 shares, surpassing its average volume of 1,313,668. Currently, GXO has a market capitalization of $6.33 billion, a price-to-earnings ratio of 104.33, and a debt-to-equity ratio of 0.87. Over the past year, the stock has fluctuated between a low of $30.46 and a high of $62.07.
Several equities research analysts have recently provided updates on GXO’s stock. Oppenheimer raised its price target from $55.00 to $62.00 and maintained an “outperform” rating. The Goldman Sachs Group upgraded the stock from “neutral” to “buy,” setting a new price target of $68.00. Other analysts, including those from Susquehanna and Barclays, also increased their price targets, with Susquehanna now at $60.00 and Barclays at $52.00. Overall, eleven analysts have rated GXO as a Buy, with an average price target of $61.57, according to MarketBeat.com.
Investor Activity and Company Overview
Recent changes in institutional holdings have also been noted. Chapman Financial Group LLC acquired a new position in GXO during the second quarter, while Geneos Wealth Management Inc. significantly increased its stake by over 4,775% in the first quarter. Other investors, such as Diversify Wealth Management LLC and M&T Bank Corp, have also made new acquisitions in shares of GXO. Currently, institutional investors own approximately 90.67% of the company’s stock, reflecting strong confidence in its long-term prospects.
GXO Logistics, Inc., along with its subsidiaries, provides logistics services on a global scale. The company’s offerings include warehousing, distribution, order fulfillment, and reverse logistics, serving diverse sectors such as e-commerce, technology, and consumer packaged goods. As of December 31, 2023, GXO operated in approximately 974 facilities worldwide.
As GXO Logistics moves forward, the updated earnings forecast and positive analyst ratings suggest a solid outlook for the company in the logistics sector.
