Expeditors International of Washington (EXPD) Scheduled to Post Quarterly Earnings on Tuesday

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) will release its earnings data before the market opens on Tuesday, February 20th. Analysts expect Expeditors International of Washington to post earnings of $1.21 per share for the quarter.

Expeditors International of Washington Stock Down 0.7 %

Shares of NASDAQ EXPD opened at $126.46 on Tuesday. Expeditors International of Washington has a 12-month low of $102.89 and a 12-month high of $131.17. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 23.91 and a beta of 1.02. The firm’s 50-day simple moving average is $126.03 and its 200 day simple moving average is $119.76.

Institutional Trading of Expeditors International of Washington

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Expeditors International of Washington by 54.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 185 shares in the last quarter. Public Sector Pension Investment Board grew its position in Expeditors International of Washington by 8.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 15,843 shares of the transportation company’s stock worth $1,816,000 after acquiring an additional 1,212 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Expeditors International of Washington by 2.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,354 shares of the transportation company’s stock worth $13,108,000 after acquiring an additional 3,140 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $29,000. Finally, Gladius Capital Management LP bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $430,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EXPD. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Morgan Stanley reduced their target price on Expeditors International of Washington from $85.00 to $84.00 and set an “underweight” rating on the stock in a report on Monday, November 13th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Susquehanna reduced their target price on Expeditors International of Washington from $115.00 to $109.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 9th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $105.50.

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Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc, together with its subsidiaries, 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.

Further Reading

Earnings History for Expeditors International of Washington (NASDAQ:EXPD)

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