Expeditors International of Washington (NASDAQ:EXPD) Reaches New 12-Month High on Earnings Beat

Expeditors International of Washington, Inc. (NASDAQ:EXPD) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $183.52 and last traded at $184.1010, with a volume of 664 shares. The stock had previously closed at $181.48.

The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share.

Key Stories Impacting Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Expeditors reported second-quarter earnings of $2.03 per share, exceeding analyst expectations of approximately $1.68-$1.69 and rising 51.5% from $1.34 a year earlier. Revenue increased 32.1% year over year, providing a strong fundamental catalyst. Expeditors International Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based, supported by stronger airfreight demand, greater customs complexity and productivity improvements. These trends helped drive higher earnings across the company’s logistics operations. EXPD Q2 Earnings Beat Estimates on Airfreight and Customs Strength
• Neutral Sentiment: Expeditors posted a 7.64% net margin and 36.16% return on equity, underscoring strong profitability. However, the stock’s elevated valuation and proximity to its 52-week high could make further gains more dependent on continued earnings momentum. Expeditors International Q2 Earnings Snapshot
• Negative Sentiment: TD Cowen raised its price target from $148 to $176 but maintained a “sell” rating. The new target remains below the stock’s recent $182.09 level, implying roughly 3.3% downside and signaling that the analyst believes the strong results may already be reflected in the share price.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays upped their target price on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the stock an “underweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a research note on Wednesday. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Bank of America lifted their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, UBS Group boosted their price objective on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $166.67.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brendel Financial Advisors LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $4,213,000. Arjuna Capital boosted its position in Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after buying an additional 6,471 shares during the period. Swedbank AB increased its position in shares of Expeditors International of Washington by 153.5% in the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after acquiring an additional 17,969 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Expeditors International of Washington by 128.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,509 shares of the transportation company’s stock valued at $10,507,000 after acquiring an additional 39,658 shares during the period. Finally, Forsta AP Fonden raised its stake in shares of Expeditors International of Washington by 81.4% during the fourth quarter. Forsta AP Fonden now owns 89,600 shares of the transportation company’s stock valued at $13,351,000 after acquiring an additional 40,200 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.4%

The stock’s fifty day moving average price is $167.32 and its two-hundred day moving average price is $156.65. The company has a market capitalization of $24.08 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.