Expeditors International of Washington (NASDAQ:EXPD) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $0.78-0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94. Expeditors International of Washington also updated its Q4 2019
Pre-Market guidance to 0.78-0.81 EPS.
A number of research firms have weighed in on EXPD. Robert W. Baird increased their target price on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the company a neutral rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the company an equal weight rating in a research report on Monday, January 6th. Cowen decreased their target price on shares of Expeditors International of Washington from $78.00 to $75.00 and set a market perform rating for the company in a research report on Tuesday, January 21st. BidaskClub upgraded Expeditors International of Washington from a strong sell rating to a sell rating in a report on Friday, January 17th. Finally, Credit Suisse Group cut their price target on Expeditors International of Washington from $70.00 to $68.00 and set an underperform rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has an average rating of Hold and an average target price of $72.90.
Shares of Expeditors International of Washington stock traded down $0.69 during trading hours on Friday, hitting $73.34. 1,120,107 shares of the company’s stock traded hands, compared to its average volume of 1,527,868. Expeditors International of Washington has a 12-month low of $67.97 and a 12-month high of $81.64. The company has a fifty day simple moving average of $76.09 and a 200-day simple moving average of $74.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 20.26 and a beta of 0.94.
Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.91 by $0.01. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. On average, analysts forecast that Expeditors International of Washington will post 3.47 EPS for the current fiscal year.
In other news, CFO Bradley S. Powell sold 17,364 shares of Expeditors International of Washington stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $76.15, for a total transaction of $1,322,268.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
About Expeditors International of Washington
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, and other logistics solutions.
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