Somewhat Positive Media Coverage Somewhat Unlikely to Impact Expeditors International of Washington (EXPD) Stock Price
Press coverage about Expeditors International of Washington (NASDAQ:EXPD) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Expeditors International of Washington earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.1685598448262 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Expeditors International of Washington, Inc. (EXPD) Expected to Post Earnings of $0.60 Per Share (americanbankingnews.com)
- Technical Snapshots for These Air Delivery and Freight Services Stocks … (prnewswire.com)
- Institutional Investors Salvations on: Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Swings on Assorted Ratio Analysis: MPLX LP (NYSE:MPLX), Expeditors International of Washington, Inc. (NASDAQ … – Investing News Update (investingbizz.com)
- Benzinga’s Option Alert Recap From September 29 – Benzinga (benzinga.com)
EXPD has been the topic of a number of recent analyst reports. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $57.00.
Expeditors International of Washington (EXPD) opened at 60.27 on Friday. The company has a 50-day moving average price of $57.22 and a 200-day moving average price of $56.26. The stock has a market cap of $10.89 billion, a PE ratio of 26.09 and a beta of 0.68. Expeditors International of Washington has a 52 week low of $47.23 and a 52 week high of $60.47.
Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts anticipate that Expeditors International of Washington will post $2.31 earnings per share for the current year.
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About Expeditors International of Washington
Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
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