Expeditors International of Washington (NASDAQ:EXPD) Director Mark A. Emmert sold 6,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $64.72, for a total value of $388,320.00. Following the completion of the sale, the director now directly owns 17,769 shares of the company’s stock, valued at $1,150,009.68. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Expeditors International of Washington (NASDAQ EXPD) opened at $65.06 on Wednesday. The company has a market capitalization of $11,418.71, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.81 and a beta of 0.62. Expeditors International of Washington has a twelve month low of $51.96 and a twelve month high of $67.63.
Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. equities analysts anticipate that Expeditors International of Washington will post 2.88 EPS for the current year.
A number of brokerages recently commented on EXPD. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley reissued an “equal weight” rating and set a $55.00 price objective (up from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Cowen reissued a “market perform” rating and set a $65.00 price objective (up from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. UBS Group set a $60.00 price objective on Expeditors International of Washington and gave the stock a “sell” rating in a report on Wednesday, February 21st. Finally, Credit Suisse Group reissued an “underperform” rating and set a $61.00 price objective (down from $63.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.11.
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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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