Media coverage about Expeditors International of Washington (NASDAQ:EXPD) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Expeditors International of Washington earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.4009603774497 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Expeditors International of Washington, Inc. (EXPD) projected to achieve 23.40% earnings growth for this year (wallstreetinvestorplace.com)
- Just the Facts on – SBA Communications Corporation, NASDAQ: SBAC), Expeditors International of Washington, Inc … (dailynysenews.com)
- Expeditors International of Washington, Inc. (EXPD) – Lookout Watch List stock (wallstreetmorning.com)
- Analysts See $0.21 EPS for Gladstone Capital (GLAD); Expeditors International Of Washington Has 0.92 Sentiment (mtastar.com)
- Expeditors International of Washington’s (EXPD) “Market Perform” Rating Reaffirmed at Cowen (americanbankingnews.com)
A number of analysts have recently weighed in on the stock. Cowen reaffirmed a “market perform” rating and issued a $65.00 price target (up from $58.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, February 13th. UBS set a $60.00 price target on shares of Expeditors International of Washington and gave the stock a “sell” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $65.00 price target (down from $67.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price target (up from $51.00) on shares of Expeditors International of Washington in a research note on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $63.11.
Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. equities analysts forecast that Expeditors International of Washington will post 2.88 earnings per share for the current fiscal year.
In related news, insider Richard H. Rostan sold 4,500 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $64.65, for a total transaction of $290,925.00. Following the completion of the sale, the insider now directly owns 56,290 shares of the company’s stock, valued at $3,639,148.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Mcclincy sold 2,781 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total transaction of $180,236.61. Following the sale, the vice president now directly owns 16,500 shares of the company’s stock, valued at $1,069,365. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,457 shares of company stock valued at $1,784,235. Company insiders own 0.99% of the company’s stock.
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Expeditors International of Washington Company Profile
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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.
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