Expeditors International of Washington (NASDAQ:EXPD) posted its quarterly earnings results 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 return on equity of 28.55% and a net margin of 7.06%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 76.5% compared to the same quarter last year.
Shares of Expeditors International of Washington stock traded up $0.28 on Tuesday, hitting $113.36. The company’s stock had a trading volume of 117,166 shares, compared to its average volume of 1,075,835. The company has a market capitalization of $19.12 billion, a price-to-earnings ratio of 30.32 and a beta of 0.75. Expeditors International of Washington has a 1 year low of $69.54 and a 1 year high of $113.84. The firm has a fifty day moving average price of $107.84 and a 200-day moving average price of $96.37.
A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on Expeditors International of Washington from $78.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 13th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, January 5th. Barclays cut shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 13th. Cowen upped their price target on shares of Expeditors International of Washington from $97.00 to $109.00 and gave the company a “market perform” rating in a report on Wednesday, February 17th. Finally, Vertical Research assumed coverage on Expeditors International of Washington in a research note on Friday, March 26th. They set a “buy” rating for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price 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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