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

Expeditors International of Washington (NASDAQ:EXPD) issued its quarterly earnings data on Tuesday. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38, Briefing.com reports. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share.

Expeditors International of Washington Stock Up 5.7%

Expeditors International of Washington stock traded up $8.03 during mid-day trading on Tuesday, hitting $147.74. 152,920 shares of the stock were exchanged, compared to its average volume of 1,422,220. Expeditors International of Washington has a 12 month low of $106.00 and a 12 month high of $167.19. The firm’s fifty day simple moving average is $145.31 and its two-hundred day simple moving average is $146.24. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 5.00 and a beta of 1.04.

Hedge Funds Weigh In On Expeditors International of Washington

Several institutional investors have recently made changes to their positions in EXPD. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Expeditors International of Washington by 63.6% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Quarry LP boosted its position in shares of Expeditors International of Washington by 199.0% during the 4th quarter. Quarry LP now owns 305 shares of the transportation company’s stock worth $45,000 after purchasing an additional 203 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth about $47,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Expeditors International of Washington by 788.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 444 shares of the transportation company’s stock worth $66,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Barclays raised their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Truist Financial lowered 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 report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $134.30.

About Expeditors International of Washington

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.