$0.64 EPS Expected for Expeditors International of Washington (EXPD) This Quarter

Brokerages expect Expeditors International of Washington (NASDAQ:EXPD) to report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Expeditors International of Washington’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.68. Expeditors International of Washington posted earnings per share of $0.52 during the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The company is scheduled to report its next earnings report on Tuesday, May 1st.

On average, analysts expect that Expeditors International of Washington will report full-year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.74 to $2.95. For the next fiscal year, analysts expect that the company will report earnings of $3.11 per share, with EPS estimates ranging from $2.95 to $3.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Expeditors International of Washington.

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Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, February 20th. The transportation company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share.

Several research analysts recently commented on EXPD shares. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Friday, January 19th. BidaskClub lowered Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $55.00 price target (up previously from $51.00) on shares of Expeditors International of Washington in a research report on Monday, February 26th. Credit Suisse Group lifted their price target on Expeditors International of Washington from $56.00 to $63.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 16th. Finally, UBS set a $60.00 price target on Expeditors International of Washington and gave the stock a “sell” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $63.11.

Shares of Expeditors International of Washington stock traded down $1.86 during trading on Friday, reaching $61.59. 907,460 shares of the stock traded hands, compared to its average volume of 1,142,749. The firm has a market cap of $11,114.06, a price-to-earnings ratio of 24.83, a PEG ratio of 2.75 and a beta of 0.69. Expeditors International of Washington has a 52-week low of $51.96 and a 52-week high of $67.63.

In other Expeditors International of Washington news, insider Richard H. Rostan sold 4,500 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $64.65, for a total value of $290,925.00. Following the completion of the sale, the insider now owns 56,290 shares of the company’s stock, valued at $3,639,148.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Mcclincy sold 2,781 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $64.81, for a total transaction of $180,236.61. Following the completion of the sale, the vice president now directly owns 16,500 shares of the company’s stock, valued at approximately $1,069,365. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,457 shares of company stock valued at $1,784,235. 0.78% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Old Mutual Global Investors UK Ltd. bought a new stake in Expeditors International of Washington in the fourth quarter worth about $103,000. Icon Wealth Partners LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth about $106,000. Pinebridge Investments L.P. bought a new stake in Expeditors International of Washington in the fourth quarter worth about $137,000. DF Dent & Co. Inc. bought a new stake in Expeditors International of Washington in the fourth quarter worth about $203,000. Finally, Brown Advisory Securities LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth about $205,000. 91.66% of the stock is owned by institutional investors and hedge funds.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Earnings History and Estimates for Expeditors International of Washington (NASDAQ:EXPD)

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