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Wednesday, October 4, 2023

Expeditors International of Washington Inc. (NASDAQ:EXPD) Stock is Plummeting, Here is Why

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Expeditors International of Washington Inc. (EXPD) shares are trading at lower $88.78 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $88.46.

To add more color to this target, the company’s high over the last year is $95.38 and the low is $52.55. Over the last 52 weeks, EXPD is up 17.57% while the S&P 500 is up 14.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EXPD reported a profit of $734.38 million. Expeditors International of Washington Inc. also saw revenues increase to $2.46 billion. In addition, EXPD has free cash flow of $475.9 million as of 09-2020. The company’s EBITDA came in at $267.8 million which compares well with its peers.

EXPD booked profit margins of 7.10%, its Return on Equity (ROE) is 28.60%, and its Return on Assets is 16.50%. All told, it is clear that, EXPD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EXPD has a short ratio of 3.13 and outstanding shares of 168.31M.

Company Outlook

EXPD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.05 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.71. Expeditors International of Washington Inc. EXPD also noted assets of $4.36 billion at the end of the last quarter. Investors should also keep an eye on sector updates as EXPD has historically followed its peers on positive news.

All told, Expeditors International of Washington Inc. EXPD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EXPD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Expeditors International of Washington Inc. EXPD is now commanding a market cap of 15.25B and a float of 168.18M. EXPD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EXPD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in EXPD, either long or short, and we have not been compensated for this article.

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