Expeditors International of Washington (NASDAQ:EXPD) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Expeditors International of Washington (NASDAQ:EXPD) announced its quarterly earnings data on Tuesday. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis.

Expeditors International of Washington Trading Down 2.3 %

Expeditors International of Washington stock traded down $2.85 on Wednesday, reaching $119.17. 2,191,649 shares of the stock were exchanged, compared to its average volume of 1,216,716. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.59. The firm has a fifty day moving average price of $122.56 and a two-hundred day moving average price of $121.29. The stock has a market cap of $16.82 billion, a PE ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.