XPO Logistics Inc. (XPO) Plans To Reach Sustained Growth By 2021

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

XPO Logistics Inc. (NYSE: XPO) has continued despite numerous difficulties in the business. In the fourth quarter of last year, the company provided one of the best quarterly reports in its history. XPO plans to achieve sustainable growth in 2021 and to strengthen its business.

XPO is an international business enterprise that has been growing rapidly and needs to solve large companies’ challenges. Another pressure point was the COVID crisis, which caused many industries, retailers, and service centers to shut down.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored



A record amount of revenue was achieved by XPO Logistics Inc. (XPO) in the fourth quarter, an increase of 13% on a year-over-year basis, surpassing Wall Street’s expectations to reach $ 1.19 per share. XPO’s services increased sales across all key categories, including brokerage services in logistics and low-density motor vehicle transportation. The so-called LTL trucking method, when one truck carries many goods from various shippers. As well, the EBITDA profit tripled, and trading services doubled in value. Over $3 billion in cash and equivalents were on hand.

This year, the company plans to continue enhancing its financial performance. It is expected that earnings per share will range between $5.1 and $5.85, and free cash flow will be between $600 million and $700 million.

Management of XPO Logistics Inc. (XPO) revealed its intention to split the company into two parts in December 2020, stating that the company had previously been criticized due to its complexity, which will result in two independent companies. Streamlining operations will simplify operations, and it may be a catalyst for quotes to grow. It is expected that the division will be completed by the end of 2021. In a separate company, XRO will conduct cargo transportation (including consolidated LTL shipments) and brokerage services. This brings approximately 60 % of its revenue to XRO.

Over the past year, XPO Logistics Inc. (XPO) has performed well. The stock has gained 47.90% in the past six months, while its performance has surged 28.89% over the past year. In the last month, XPO’s performance has been up 1.57%, and its quarterly performance is worth 20.63%. Currently, the weekly performance stands at 1.85%.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

Is Stereotaxis Inc. (STXS) a Keeper?

Stereotaxis Inc. (AMEX:STXS) went up by 0.36% from its latest closing price compared to the recent 1-year high of $8.57. The company’s stock price has

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.