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

Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings data on Tuesday. The transportation company reported $1.71 earnings per share for the quarter, topping 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%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $139.64 on Tuesday. The company has a market cap of $18.57 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm has a 50-day moving average of $145.31 and a 200-day moving average of $146.24. Expeditors International of Washington has a one year low of $106.00 and a one year high of $167.19.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna decreased their target price on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of 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. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Truist Financial dropped their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $134.30.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors have recently made changes to their positions in the stock. Compound Planning Inc. boosted its position in Expeditors International of Washington by 18.6% during the 4th quarter. Compound Planning Inc. now owns 2,331 shares of the transportation company’s stock worth $347,000 after buying an additional 366 shares during the period. Corient Private Wealth LLC increased its holdings in Expeditors International of Washington by 61.6% in the fourth quarter. Corient Private Wealth LLC now owns 53,385 shares of the transportation company’s stock valued at $7,868,000 after purchasing an additional 20,343 shares during the period. Alberta Investment Management Corp bought a new position in Expeditors International of Washington during the 4th quarter worth $5,074,000. Mercer Global Advisors Inc. ADV raised its position in Expeditors International of Washington by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,321 shares of the transportation company’s stock worth $4,369,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Front Street Capital Management Inc. lifted its holdings in Expeditors International of Washington by 4.3% during the 4th quarter. Front Street Capital Management Inc. now owns 10,943 shares of the transportation company’s stock worth $1,631,000 after buying an additional 449 shares during the period. 94.02% of the stock is currently owned by institutional investors.

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.