27-Mar-2024
No headlines found.
Expeditors Reports Fourth Quarter 2023 EPS of $1.09
Business Wire (Tue, 20-Feb 8:30 AM ET)
Expeditors International of Washington is a non-asset-based third-party logistics provider, focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. Expeditors derives around 34% of consolidated net revenue from airfreight, 30% from ocean freight, and 36% from customs brokerage and other services.
Expeditors Intl trades on the NYSE stock market under the symbol EXPD.
As of March 27, 2024, EXPD stock price climbed to $121.24 with 613,098 million shares trading.
EXPD has a beta of 0.97, meaning it tends to be less sensitive to market movements. EXPD has a correlation of 0.31 to the broad based SPY ETF.
EXPD has a market cap of $17.45 billion. This is considered a Large Cap stock.
Last quarter Expeditors Intl reported $2 billion in Revenue and $1.09 earnings per share. This fell short of revenue expectation by $-32 million and missed earnings estimates by -$.14.
In the last 3 years, EXPD stock traded as high as $137.80 and as low as $86.08.
The top ETF exchange traded funds that EXPD belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
EXPD has underperformed the market in the last year with a price return of +17.4% while the SPY ETF gained +33.9%. EXPD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.5% and -0.2%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
EXPD support price is $118.43 and resistance is $121.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EXPD stock will trade within this expected range on the day.