Expeditors International of Washington (NASDAQ:EXPD) Releases Earnings Results, Beats Estimates By $0.38 EPS

Key Points

• Expeditors beat earnings estimates, reporting $1.71 EPS vs. a $1.33 consensus (beat by $0.38); quarterly revenue rose 4.4% year‑over‑year and the company posted a 36.16% ROE with a 7.64% net margin.
• Shares fell about 5.2% to open at $139.64 after the report; the stock trades with a market cap of $18.57 billion, a P/E of 24.41, and a 52‑week range of $106.00–$167.19.
• Analyst sentiment is mixed but cautious: the MarketBeat consensus is "Reduce" with an average price target of $134.30 (2 Buy, 6 Hold, 4 Sell).

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) posted its earnings results on Tuesday. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38, Briefing.com reports. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same period last year, the firm earned $1.47 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis.

Expeditors International of Washington Stock Down 5.2%

Shares of NASDAQ EXPD opened at $139.64 on Tuesday. Expeditors International of Washington has a 52-week low of $106.00 and a 52-week high of $167.19. The stock has a market capitalization of $18.57 billion, a PE ratio of 24.41, a P/E/G ratio of 5.00 and a beta of 1.04. The firm has a fifty day moving average of $145.31 and a 200-day moving average of $146.24.

Hedge Funds Weigh In On Expeditors International of Washington

Institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC increased its stake in Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company's stock valued at $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. lifted its stake in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company's stock valued at $260,000 after purchasing an additional 83 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company's stock worth $279,000 after acquiring an additional 96 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Expeditors International of Washington by 63.6% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company's stock valued at $44,000 after purchasing an additional 140 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Expeditors International of Washington by 4.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,809 shares of the transportation company's stock worth $568,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a research report on Monday, January 12th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Barclays boosted their price objective on Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, January 15th. Truist Financial reduced their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, February 25th. Finally, Bank of America raised shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $134.30.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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