Expeditors International of Washington (NASDAQ:EXPD) Announces Earnings Results, Beats Estimates By $0.43 EPS

Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings data on Tuesday. The transportation company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.22 by $0.43, Briefing.com reports. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter last year, the company earned $1.64 EPS. Expeditors International of Washington’s revenue was up 41.9% on a year-over-year basis.

Expeditors International of Washington Stock Down 0.0%

EXPD stock traded down $0.00 during mid-day trading on Tuesday, hitting $200.56. The company had a trading volume of 353,651 shares, compared to its average volume of 1,260,523. The company has a 50-day moving average price of $191.97 and a 200 day moving average price of $167.25. Expeditors International of Washington has a 12-month low of $128.10 and a 12-month high of $203.13. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 5.00 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXPD shares. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $200.00 to $214.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Barclays upped their target price on shares of Expeditors International of Washington from $160.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, September 29th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Robert W. Baird raised their target price on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $175.27.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.