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

Expeditors International of Washington (NASDAQ:EXPD) announced its quarterly earnings data on Tuesday. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03, 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 for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $142.96 on Tuesday. The firm has a market capitalization of $19.16 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $167.19. The firm has a fifty day moving average of $156.14 and a 200 day moving average of $138.08.

Hedge Funds Weigh In On Expeditors International of Washington

A number of large investors have recently modified their holdings of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Expeditors International of Washington by 733.9% in 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 acquiring an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $201,164,000. Balyasny Asset Management L.P. purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $113,194,000. Wellington Management Group LLP lifted its stake in Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its holdings in Expeditors International of Washington by 59.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock valued at $131,291,000 after acquiring an additional 399,250 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Barclays lifted their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. cut their price target on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Zacks Research cut Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley increased their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $134.10.

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.