Expeditors International of Washington (NASDAQ:EXPD) Announces Earnings Results

Expeditors International of Washington (NASDAQ:EXPD) issued its earnings results on Tuesday. The transportation company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.69 by $0.34, 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 in the previous year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $182.09 on Wednesday. The stock’s 50-day simple moving average is $167.32 and its 200 day simple moving average is $156.65. The company has a market cap of $23.82 billion, a P/E ratio of 31.83, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 52-week low of $112.94 and a 52-week high of $183.52.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at $201,164,000. Balyasny Asset Management L.P. bought a new position in shares of Expeditors International of Washington in the third quarter valued at $113,194,000. Wellington Management Group LLP increased its holdings in Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its holdings in Expeditors International of Washington by 59.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock worth $131,291,000 after buying an additional 399,250 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Key Stories Impacting Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Expeditors reported second-quarter earnings of $2.03 per share, exceeding analyst expectations of approximately $1.68-$1.69 and rising 51.5% from $1.34 a year earlier. Revenue increased 32.1% year over year, providing a strong fundamental catalyst. Expeditors International Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based, supported by stronger airfreight demand, greater customs complexity and productivity improvements. These trends helped drive higher earnings across the company’s logistics operations. EXPD Q2 Earnings Beat Estimates on Airfreight and Customs Strength
• Neutral Sentiment: Expeditors posted a 7.64% net margin and 36.16% return on equity, underscoring strong profitability. However, the stock’s elevated valuation and proximity to its 52-week high could make further gains more dependent on continued earnings momentum. Expeditors International Q2 Earnings Snapshot
• Negative Sentiment: TD Cowen raised its price target from $148 to $176 but maintained a “sell” rating. The new target remains below the stock’s recent $182.09 level, implying roughly 3.3% downside and signaling that the analyst believes the strong results may already be reflected in the share price.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. upgraded shares of Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Wednesday. Citizens Jmp began coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Susquehanna boosted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. UBS Group increased their price objective on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $166.67.

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.