Expeditors International of Washington (NASDAQ:EXPD) insider Jeffrey S. Musser sold 2,073 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $66.54, for a total transaction of $137,937.42. Following the completion of the transaction, the insider now directly owns 10,126 shares in the company, valued at approximately $673,784.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Expeditors International of Washington (EXPD) opened at $65.52 on Wednesday. Expeditors International of Washington has a one year low of $51.96 and a one year high of $67.63. The firm has a market cap of $11,780.62, a P/E ratio of 24.27, a P/E/G ratio of 2.93 and a beta of 0.64.
Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 20th. The transportation company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm earned $0.61 EPS. Expeditors International of Washington’s quarterly revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that Expeditors International of Washington will post 2.84 earnings per share for the current year.
Several brokerages have recently issued reports on EXPD. Credit Suisse Group raised their target price on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Friday, January 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Expeditors International of Washington in a research note on Thursday, January 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 target price (up previously from $51.00) on shares of Expeditors International of Washington in a research note on Monday. Finally, Barclays reaffirmed a “buy” rating and issued a $70.00 target price on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $63.11.
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Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
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