Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings data on Tuesday. The transportation company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.63, MarketWatch Earnings reports. Expeditors International of Washington had a net margin of 7.06% and a return on equity of 28.55%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 76.5% on a year-over-year basis.
EXPD stock traded up $1.11 during mid-day trading on Tuesday, hitting $114.19. The stock had a trading volume of 107,030 shares, compared to its average volume of 1,075,835. Expeditors International of Washington has a 1-year low of $69.54 and a 1-year high of $113.84. The company has a fifty day moving average of $107.84 and a 200 day moving average of $96.37. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 30.32 and a beta of 0.75.
Several research firms have recently weighed in on EXPD. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 target price on the stock in a research report on Tuesday, January 5th. Vertical Research began coverage on shares of Expeditors International of Washington in a research note on Friday, March 26th. They set a “buy” rating on the stock. Morgan Stanley raised their target price on Expeditors International of Washington from $78.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 13th. Cowen upped their price target on Expeditors International of Washington from $97.00 to $109.00 and gave the company a “market perform” rating in a research report on Wednesday, February 17th. Finally, Barclays downgraded Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 13th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.67.
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.
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