Expeditors International of Washington (NASDAQ:EXPD) Posts Quarterly Earnings Results, Beats Expectations By $0.43 EPS

Key Points

• Expeditors reported quarterly EPS of $2.65, beating analyst expectations of $2.22 by $0.43. Revenue increased 41.9% year over year, while EPS rose from $1.64 in the prior-year quarter.
• The stock traded at $201.32, near its 12-month high of $203.13, with a market capitalization of approximately $26.17 billion.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $175.27; ratings include one Strong Buy, two Buys, nine Holds and three Sells.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) issued its earnings results on Tuesday. The transportation company reported $2.65 earnings per share for the quarter, beating 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 posted $1.64 EPS. The business's revenue for the quarter was up 41.9% compared to the same quarter last year.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.76 during trading hours on Tuesday, hitting $201.32. 264,825 shares of the stock were exchanged, compared to its average volume of 1,260,523. The stock has a market capitalization of $26.17 billion, a P/E ratio of 35.20, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington has a 12 month low of $128.10 and a 12 month high of $203.13. The business's 50-day moving average is $191.97 and its two-hundred day moving average is $167.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen lifted their price objective on Expeditors International of Washington from $148.00 to $176.00 and gave the company a "sell" rating in a report on Wednesday, August 5th. Bank of America increased their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $200.00 to $214.00 and gave the stock a "neutral" rating in a research report on Monday, October 5th. Barclays boosted their price target on 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. Finally, BNP Paribas Exane began coverage on Expeditors International of Washington in a research report on Wednesday, September 30th. They issued a "neutral" rating and a $180.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.

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