Expeditors International of Washington Inc. (NASDAQ: EXPD) stock jumped 0.75% on Friday to $103.55 against a previous-day closing price of $102.78. With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.39 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $103.66 whereas the lowest price it dropped to was $102.64. The 52-week range on EXPD shows that it touched its highest point at $137.80 and its lowest point at $92.58 during that stretch. It currently has a 1-year price target of $106.86. With its current market cap of 16.44 billion, EXPD has annualized dividend of $1.34 while the current yield stands at 1.29%. Beta for the stock currently stands at 0.87.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EXPD was down-trending over the past week, with a drop of -0.97%, but this was up by 6.19% over a month. Three-month performance dropped to -6.55% while six-month performance fell -9.39%. The stock lost -17.52% in the past year, while it has lost -22.89% so far this year. A look at the trailing 12-month EPS for EXPD yields 8.64 with Next year EPS estimates of 5.84. For the next quarter, that number is 2.13. This implies an EPS growth rate of 102.90% for this year and -26.06% for next year.
Float and Shares Shorts:
At present, 167.50 million EXPD shares are outstanding with a float of 166.78 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.76 million, which was 2.84% higher than short shares on Jun 14, 2022. In addition to Mr. Jeffrey S. Musser as the firm’s Pres, CEO & Non-Independent Director, Mr. Bradley S. Powell serves as its Sr. VP & CFO.
Through their ownership of 94.56% of EXPD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.08% of EXPD, in contrast to 42.62% held by mutual funds. Shares owned by individuals account for 2.90%. As the largest shareholder in EXPD with 11.33% of the stake, The Vanguard Group, Inc. holds 19,000,449 shares worth 19,000,449. A second-largest stockholder of EXPD, BlackRock Fund Advisors, holds 14,090,378 shares, controlling over 8.40% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in EXPD, holding 9,131,047 shares or 5.44% stake. With a 2.95% stake in EXPD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 4,941,629 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.30% of EXPD stock, is the second-largest Mutual Fund holder. It holds 3,862,447 shares valued at 376.43 million. Vanguard 500 Index Fund holds 2.21% of the stake in EXPD, owning 3,713,200 shares worth 361.89 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EXPD since 17 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 5 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EXPD analysts setting a high price target of $125.00 and a low target of $90.00, the average target price over the next 12 months is $103.92. Based on these targets, EXPD could surge 20.71% to reach the target high and fall by -13.09% to reach the target low. Reaching the average price target will result in a growth of 0.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EXPD will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $8.83 being high and $6.86 being low. For EXPD, this leads to a yearly average estimate of $8.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Expeditors International of Washington Inc. surprised analysts by $0.16 when it reported $2.27 EPS against a consensus estimate of $2.11. The surprise factor in the prior quarter was $0.33. Based on analyst estimates, the high estimate for the next quarter is $2.32 and the low estimate is $1.59. The average estimate for the next quarter is thus $1.99.
Dividends & Yield:
In terms of dividends, EXPD has a current ratio of $1.34, which is $1.34 over the trailing 12-months, while a dividend of $0.99 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and EXPD currently yields $1.21. In the past year, EXPD’s dividend yield has been $1.21, but when looking at the stock over the past five years, its yield has been $1.19. Accordingly, EXPD has a current buyback yield of $4.98. This was $4.98 for the TTM, and it was $2.38 for the past five years.
Summary of Insider Activity:
Insiders traded EXPD stock several times over the past three months with 32 Buys and 16 Sells. In these transactions, 34,397 shares were bought while 12,842 shares were sold. The number of buy transactions has increased to 73 while that of sell transactions has risen to 41 over the past year. The total number of shares bought during that period was 172,281 while 107,047 shares were sold.