Expeditors International of Washington (NASDAQ:EXPD) Releases Earnings Results, Misses Expectations By $0.02 EPS

Expeditors International of Washington (NASDAQ:EXPD) announced its quarterly earnings data on Tuesday. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02), Briefing.com reports. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company posted $1.30 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Expeditors International of Washington Stock Performance

EXPD stock traded down $0.36 during mid-day trading on Friday, reaching $118.76. The company had a trading volume of 219,759 shares, compared to its average volume of 1,298,631. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The firm has a fifty day simple moving average of $123.15 and a 200 day simple moving average of $120.98. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EXPD shares. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.