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

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

Expeditors International of Washington Price Performance

EXPD stock traded up $0.76 during trading hours on Tuesday, reaching $201.32. The stock had a trading volume of 264,825 shares, compared to its average volume of 1,260,523. The stock has a market capitalization of $26.17 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The stock has a 50-day simple moving average of $191.97 and a 200 day simple moving average of $167.25. Expeditors International of Washington has a fifty-two week low of $128.10 and a fifty-two week high of $203.13.

Analyst Ratings Changes

EXPD has been the subject of a number of analyst reports. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of 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. Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus raised their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $175.27.

About Expeditors International of Washington

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.