Expeditors International of Washington (EXPD) Expected to Post Earnings of $0.64 Per Share

Analysts forecast that Expeditors International of Washington (NASDAQ:EXPD) will post earnings of $0.64 per share for the current quarter, Zacks reports. Three analysts have made estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.59. Expeditors International of Washington reported earnings per share of $0.52 during the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The business is scheduled to report its next earnings report before the market opens on Tuesday, May 8th.

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

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Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $1.90 billion for 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%. Expeditors International of Washington’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS.

EXPD has been the topic of a number of analyst reports. Barclays reaffirmed a “buy” rating and issued a $70.00 price target on shares of Expeditors International of Washington in a research report on Tuesday, January 9th. Morgan Stanley reaffirmed 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. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Friday, January 19th. Cowen reaffirmed a “market perform” rating and issued a $65.00 price target (up previously from $58.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $65.00 price target (down previously from $67.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.13.

EXPD stock opened at $64.54 on Tuesday. The stock has a market capitalization of $11,160.48, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.76 and a beta of 0.69. Expeditors International of Washington has a 1 year low of $51.96 and a 1 year high of $67.63.

In other news, insider Philip M. Coughlin sold 12,103 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $65.01, for a total value of $786,816.03. Following the transaction, the insider now owns 16,153 shares in the company, valued at approximately $1,050,106.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher J. Mcclincy sold 2,781 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the transaction, the vice president now owns 16,500 shares in the company, 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 worth $1,784,235. Company insiders own 0.99% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EXPD. Dimensional Fund Advisors LP grew its stake in Expeditors International of Washington by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 620,622 shares of the transportation company’s stock worth $37,149,000 after buying an additional 6,779 shares during the last quarter. AMP Capital Investors Ltd grew its stake in Expeditors International of Washington by 2.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 53,748 shares of the transportation company’s stock worth $3,217,000 after buying an additional 1,400 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Expeditors International of Washington during the 3rd quarter worth approximately $2,095,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Expeditors International of Washington by 23.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,403 shares of the transportation company’s stock worth $1,161,000 after buying an additional 3,711 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Expeditors International of Washington by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 508,652 shares of the transportation company’s stock worth $30,448,000 after buying an additional 25,202 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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About Expeditors International of Washington

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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