Expeditors International of Washington (NASDAQ:EXPD) Announces Earnings Results

Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings data on Tuesday. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30, Briefing.com reports. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue was up 37.0% compared to the same quarter last year.

Expeditors International of Washington Stock Down 2.3 %

EXPD stock traded down $2.85 during trading on Wednesday, hitting $119.17. The company had a trading volume of 2,191,649 shares, compared to its average volume of 1,217,009. The firm has a 50-day moving average price of $122.56 and a 200-day moving average price of $121.29. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.59. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays increased their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.00.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.