Zacks: Analysts Anticipate Expeditors International of Washington (EXPD) to Announce $0.64 EPS

Equities research analysts forecast that Expeditors International of Washington (NASDAQ:EXPD) will post earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Expeditors International of Washington’s earnings, with estimates ranging from $0.59 to $0.68. Expeditors International of Washington reported earnings per share of $0.52 in the same quarter last year, which indicates a positive year-over-year growth rate of 23.1%. The company is scheduled to issue its next earnings report on Tuesday, May 1st.

According to Zacks, 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 financial year, analysts expect that the firm will report earnings of $3.11 per share, with EPS estimates ranging from $2.92 to $3.24. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Expeditors International of Washington.

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Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $0.61 EPS. Expeditors International of Washington’s revenue for the quarter was up 15.8% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Credit Suisse Group lifted their target price on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a research note on Tuesday, January 16th. BidaskClub cut shares of Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $55.00 price target (up from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 price target on shares of Expeditors International of Washington in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $63.11.

In other news, VP Christopher J. Mcclincy sold 2,781 shares of the business’s 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 sale, the vice president now directly owns 16,500 shares in the company, valued at approximately $1,069,365. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip M. Coughlin sold 12,103 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $65.01, for a total transaction of $786,816.03. Following the completion of the sale, the insider now owns 16,153 shares in the company, valued at $1,050,106.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,457 shares of company stock worth $1,784,235. 0.78% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. BTIM Corp. increased its holdings in shares of Expeditors International of Washington by 0.5% in the 4th quarter. BTIM Corp. now owns 141,526 shares of the transportation company’s stock worth $9,156,000 after buying an additional 762 shares during the last quarter. JLB & Associates Inc. increased its holdings in shares of Expeditors International of Washington by 2.1% in the 4th quarter. JLB & Associates Inc. now owns 42,572 shares of the transportation company’s stock worth $2,753,000 after buying an additional 861 shares during the last quarter. BB&T Securities LLC increased its holdings in shares of Expeditors International of Washington by 2.1% in the 4th quarter. BB&T Securities LLC now owns 43,346 shares of the transportation company’s stock worth $2,804,000 after buying an additional 887 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Expeditors International of Washington by 6.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,933 shares of the transportation company’s stock worth $898,000 after buying an additional 900 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Expeditors International of Washington by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 59,029 shares of the transportation company’s stock worth $3,533,000 after buying an additional 904 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Expeditors International of Washington (NASDAQ EXPD) traded down $0.04 on Wednesday, hitting $64.04. 685,561 shares of the company were exchanged, compared to its average volume of 1,282,133. Expeditors International of Washington has a 52 week low of $51.96 and a 52 week high of $67.63. The stock has a market cap of $11,312.79, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.78 and a beta of 0.62.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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