Expeditors International Of Washington, Inc. [EXPD] stock prices are up 2.29% to $121.00 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EXPD shares have gain 2.89% over the last week, with a monthly amount drifted -0.21%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Expeditors Reports Fourth Quarter 2023 EPS of $1.09. In a post published today on Yahoo Finance, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced fourth quarter 2023 financial results including the following highlights compared to the same quarter of 2022:.
From an analyst’s perspective:
Expeditors International Of Washington, Inc. [NYSE: EXPD] stock has seen the most recent analyst activity on March 15, 2024, when BofA Securities initiated its Neutral rating and assigned the stock a price target of $126. Previously, Exane BNP Paribas downgraded its rating to Underperform on January 11, 2024, and kept the price target unchanged to $116. On August 11, 2023, JP Morgan initiated with a Underweight rating and assigned a price target of $110 on the stock. Exane BNP Paribas started tracking the stock assigning a Neutral rating and suggested a price target of $107 on December 01, 2022. Wells Fargo downgraded its rating to a Underweight but $95 remained the price target by the analyst firm on November 22, 2022. Wolfe Research downgraded its rating to Underperform for this stock on July 12, 2022. In a note dated April 05, 2022, Wolfe Research upgraded an Peer Perform rating on this stock.
The stock price of Expeditors International Of Washington, Inc. [EXPD] has been fluctuating between $104.83 and $131.17 over the past year. Currently, Wall Street analysts expect the stock to reach $121.6 within the next 12 months. Expeditors International Of Washington, Inc. [NYSE: EXPD] shares were valued at $121.00 at the most recent close of the market. An investor can expect a potential return of 0.5% based on the average EXPD price forecast.
Analyzing the EXPD fundamentals
The Expeditors International Of Washington, Inc. [NYSE:EXPD] reported sales of 9.30B for trailing twelve months, representing a drop of -33.82%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.28 and Total Capital is 0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.24 points at the first support level, and at 117.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.96, and for the 2nd resistance point, it is at 122.93.
Expeditors International Of Washington, Inc. [EXPD] reported earnings per share of $1.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.23/share, meaning a difference of -$0.14 and a surprise factor of -11.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.24 per share as compared to estimates of $1.28 per share, a difference of -$0.04 representing a surprise of -3.10%.
Ratios To Look Out For
It’s worth pointing out that Expeditors International Of Washington, Inc. [NYSE:EXPD]’s Current Ratio is 1.89. Further, the Quick Ratio stands at 1.89, while the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 7.28 and price to earnings (TTM) ratio is 24.21.
Transactions by insiders
Recent insider trading involved Dickerman Jeffrey F, Senior VP/Gen Counsel/Corp Sec, that happened on Mar 07 ’24 when 2000.0 shares were sold. President and CEO, Musser Jeffrey S completed a deal on Jun 01 ’23 to sell 30041.0 shares. Meanwhile, Senior VP/Gen Counsel/Corp Sec Dickerman Jeffrey F sold 1608.0 shares on May 08 ’23.
