Expeditors International of WasNYSE: EXPD
Industrials · Air Freight & Logistics
$161.26
+0.40%
Vol: 912K
Research Digest
Friday, June 19, 2026
Expeditors International breaks its historic no-layoff policy by cutting 230 tech jobs in Seattle, citing AI productivity gains as the driver.
Expeditors International of Washington filed a WARN notice with the Washington State Department of Employment Security announcing the elimination of approximately 230 technology-related positions, starting August 8 at headquarters and four suburban offices through year-end. Roles affected include software developers, QA testers, project managers, and business analysts across Seattle, Bellevue, Lynnwood, and Federal Way. The company, which had long been known for a never-lay-off ethos, attributed the restructuring to AI-driven productivity gains in its global technology department. Despite the news, EXPD stock remains up ~43% YoY on strong Q1 results where EPS of $1.71 beat estimates of $1.34 by 27.6%. Full-year EPS estimates have been revised upward 10.1% for 2026 and 4.3% for 2027. The key risk is reputational damage to recruiting and culture from ending its landmark employment policy.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14Expeditors cut 230 Seattle-area tech jobs citing automation, while UBS raised its price target to $175 on a Buy rating.Mixed▶
Expeditors International cut roughly 230 technology jobs in the Seattle area, with CEO Daniel Wall linking the reductions to automation and new digital tools reshaping operations. Separately, UBS analyst Thomas Wadewitz raised his price target to $175 from $166 and reiterated a Buy rating, and the stock recently hit an all-time high near $167. Q1 2026 EPS of $1.71 beat the $1.33 consensus, and the company has a $3 billion buyback and 29 consecutive years of dividend increases. The bull case is that AI-driven efficiency gains improve margins; the bear case is slow revenue growth, ocean-freight softness, and exposure to Middle East geopolitical disruption affecting customs and logistics. The broader analyst consensus rating is still only Hold, with an average target below the current price.
May 21Expeditors crushes Q1 with $1.71 EPS vs $1.33 estimate, draws multiple analyst price target hikesPositive▶
On May 5, Expeditors reported Q1 EPS of $1.71 vs $1.33 consensus with revenue up 4.4% YoY, driven by strong airfreight tonnage and customs brokerage demand tied to complex tariffs and AI data center construction. The board declared a semi-annual cash dividend of $0.81 per share payable June 15. UBS raised its target to $175 from $166, Susquehanna to $156 from $142, and Truist to $145 from $140. Shareholders re-elected all directors and reapproved KPMG. The risk: Middle East conflict driving up jet fuel costs and a 24x P/E that looks expensive vs the 15.8x logistics industry average.
May 20Expeditors International Q1 beat sends shares to $155 amid new $3B buyback and dividend hike to $0.81Mixed▶
Expeditors reported Q1 2026 EPS of $1.71, beating $1.34 consensus by 28%, with revenue up 4.4% YoY to $2.78B and net earnings up 13% to $230M. The company announced a new $3 billion share repurchase authorization and increased its semi-annual dividend to $0.81 per share, returning $288M to shareholders in Q1 alone. On May 5, shareholders re-elected nine directors and ratified KPMG as auditor. Stock closed at $155.45 on May 15, up 5.58% over two weeks. UBS raised PT to $175 from $166; JPMorgan to $139 from $135; Susquehanna to $156 from $142. However, the stock trades above the average analyst PT of $137.30, implying low double-digit forecast downside. Consensus rating is Hold among 11 analysts.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Expeditors reported Q1 EPS of $1.71 beating $1.33 consensus and declared semi-annual dividend of $0.81 on May 4; UBS raised PT to $175.Positive▶
On May 5, 2026, Expeditors reported Q1 2026 EPS of $1.71, well above the $1.33 consensus, with net earnings up 13% to $230M and revenue +4.4% YoY. Air services revenues rose 14.3% YoY to $1B, air volumes up 5%, with the company generating $309M cash from operations and returning $288M to shareholders. On May 4, the Board declared a $0.81 semi-annual cash dividend (5% increase) payable June 15 to holders of record June 1, and announced a new $3 billion share repurchase program. Shareholders re-elected nine directors and reaffirmed KPMG as auditor on May 5. Analyst PT raises: UBS to $175 (from $166), JPMorgan to $139 (from $135), Susquehanna to $156 (from $142), Truist to $145 (from $140). EXPD traded ~$155.45 on May 16.
May 15Expeditors Q1 2026 EPS jumped 16% to $1.71 beating estimates with revenue $2.8B as company raises dividend 5% and analysts hike PTsPositive▶
Expeditors International (EXPD) reported Q1 2026 diluted EPS up 16% to $1.71 on May 5, 2026 with net earnings up 13% to $230M and revenue beating expectations by 6.4% at $2.8B with profit 28% above analyst forecasts. Air services revenue rose 14.3% to $1B with air volumes up 5% and gross profits up 3.2% to $261.4M. The board declared a semi-annual cash dividend of $0.81 per share payable June 15, 2026, a 5% increase. Since 2024 the company has returned nearly $2B to shareholders and has a new $3B share repurchase authorization. UBS raised its price target to $175 from $166, with JPMorgan, Susquehanna and Truist all raising targets. Stock trading at $153.61 on May 14, 2026, near top of 52-week range. Shareholders re-elected nine directors at the May 5 annual meeting.
May 14Expeditors raised price targets sweep through May after Q1 EPS of $1.71 beats by 28.7%, $3B buyback authorizedPositive▶
Expeditors reported Q1 2026 sales up 4.4% YoY to $2.78B with non-GAAP EPS of $1.71, beating consensus by 28.7%. The board approved a new $3B share repurchase program and a 5% dividend increase to $0.81/share semi-annual, payable June 15. Multiple analysts including UBS ($175 from $166), JPMorgan ($139 from $135), Susquehanna ($156 from $142) and Truist ($145 from $140) raised price targets in early May. May 5 shareholder meeting re-elected nine directors. Risk: tough ocean comps and macro freight uncertainty linger.
May 13Expeditors posted Q1 2026 EPS of $1.71 (+16% YoY), authorized a $3B buyback, and declared a $0.81 semi-annual dividend, triggering multiple analyst PT hikes.Positive▶
Expeditors International reported Q1 2026 diluted EPS of $1.71, up 16% YoY, with net earnings up 13% to $230M. Revenue grew 4% YoY on strong airfreight tonnage and customs brokerage. The board declared a $0.81 semi-annual cash dividend payable June 15, on top of a $3B share repurchase authorization from February. Operating efficiency hit the company's 30% historical target. Analysts raised PTs broadly: UBS to $175, Susquehanna to $156, Truist to $145, JPMorgan to $139. Stock trades around $154.
May 12Expeditors Q1 2026 EPS of $1.71 beat consensus by 28.7% with revenue of $2.78B (+4.4%) and 14.3% air revenue growth; UBS raised PT to $175 from $166 on May 8 and a 5% dividend hike to $0.81 was declared.Positive▶
Expeditors International reported Q1 2026 diluted EPS of $1.71 (up 16% YoY), beating consensus by 28.7%, with revenue up 4.4% to $2.78B. Air services revenue grew 14.3% to $1B with 5% volume growth, while gross profit on air rose 3.2% to $261.4M. The Board declared a semi-annual dividend of $0.81 per share (5% increase), payable June 15. The company returned ~$2B to shareholders since 2024 and the Board authorized a new $3B buyback in February 2026. UBS raised price target to $175 from $166 on May 8. The stock now has a Zacks Rank #1 (Strong Buy).
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| UPSUNITED | $105.28 | +0.14% | +2.5% | 13.8x | 1.03 | $94.1B |
| FDXFEDEX | $325.84 | -0.03% | -3.8% | 15.2x | 1.34 | $74.7B |
| CHRWC.H. | $185.07 | -0.07% | +2.8% | 25.9x | 0.92 | $22.4B |
| EXPDEXPEDITORS | $161.26 | +0.40% | +3.5% | 24.5x | 1.04 | $21.9B |
| CATCATERPILLAR | $991.23 | +3.69% | -6.7% | 32.0x | 1.56 | $443.8B |
| GEGENERAL | $359.14 | +0.59% | +1.0% | 43.4x | 1.35 | $394.4B |
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Price above both MAs — bullish structure.