The stock of Expeditors International of Washington Inc. (NASDAQ:EXPD) increased by $0.34 on Friday to finish at $114.32, up 0.30 percent. The last five days have seen an average of 685,520 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $10.40. The average number of shares traded over the last 20 days was 902,690, while the average volume over the last 50 days totaled 945,944.
EXPD stock dropped -9.34% since last month. On 08/18/23, the company’s shares reached a one-month low of $112.96. The stock touched a high of $128.04 on 07/31/23, after rallying from a low of $86.08 in 52 weeks. The price of EXPD stock has risen by 10.01% or $10.40 this year, reaching a new high 20 times. Still, the stock price is down -10.72% from the 52-week high.
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Insider Transactions
EXPD stock investors should be aware that Expeditors International of Washington Inc. (EXPD) stock had its last reported insider trading activity 88 days ago on Jun 01. On Jun 01, President and CEO Musser Jeffrey S sold 30,041 shares at $111.30 each. This transaction resulted in the insider making $3,343,602. On May 08, Dickerman Jeffrey F sold 1,608 shares at a price of US$117.89. After the transaction, the insider now owns 5,484 shares. Senior VP – CFO POWELL BRADLEY S had earlier sold 12,138 shares on May 05 for $118.01 a share. The transaction was completed for $1,432,454.
Valuation Metrics
Expeditors International of Washington Inc. (EXPD) has a trailing price-to-earnings (P/E) ratio of 17.13. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 6.73, and the price-to-cash flow ratio of 9.33.
Company paid $0.69 per share in dividends, an increase of 2.99% from $0.67 last year. A $0.02 dividend increase was reported on Monday May 1 2023.
Financial Health
For the three months ended June 29, Expeditors International of Washington Inc.’s quick ratio was 2.20, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 30.70% percent. Expeditors International of Washington Inc.’s EBITDA margin for the year ended June 29 was 11.02%, whereas its operating margin stood at 10.90% for the same period. Based on annual data, it had gross profit of $4.49 billion and revenue of $17.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EXPD’s return on assets (ROA) during the last 12 months has been 19.10%. There was a 43.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 34.40%.
Earnings Surprise
According to Expeditors International of Washington Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.24 billion, while revenues fell by -105.53% to $2.59 billion. It was predicted that Expeditors International of Washington Inc.’s quarterly earnings would be $1.3, but it ended up being $1.38, beating the consensus by -5.80%. EBITDA was $264.0 million for the quarter. At the end of Expeditors International of Washington Inc.’s most recent quarter ended June 29, its liabilities totaled 2.01 billion, while its total debt was $526.79 million. Equity owned by shareholders amounts to $147.9 million.
Technical Picture
Here’s a quick look at Expeditors International of Washington Inc.’s (EXPD) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 31.43%, suggesting the stock is Neutral, with a 13.85% historical volatility rate.
The stochastic %K and %D were 11.14% and 11.57% respectively, while the average true range (ATR) was 1.93. Based on the 14-day stochastic reading of 12.33%, the RSI (14) reading is 34.51%. On the 9-day MACD Oscillator, the stock is at -0.24, and the 14-day reading is at -1.36.
Analyst Ratings
In its analyst report released on August 11, 2023, JP Morgan began covering Expeditors International of Washington Inc. (NASDAQ: EXPD). The stock was rated as an Underweight by the brokerage firm. Analysts have assigned Expeditors International of Washington Inc. (EXPD) an Underweight rating. EXPD is a stock that is recommended for selling by 7 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 3 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is EXPD’s price target for the next 12 months?
The current consensus forecast for the stock is between $86.00 and $120.00, with a median target price of $107.00. In analyzing these forecasts, the average price target given by analysts for Expeditors International of Washington Inc. (EXPD) is $106.75.
