Brokerages predict that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will report earnings per share of $0.60 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.58. Expeditors International of Washington reported earnings per share of $0.63 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.45. For the next year, analysts forecast that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.45 to $2.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share.

EXPD has been the topic of a number of analyst reports. Vertical Research reiterated a “hold” rating and issued a $63.00 price objective on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research report on Thursday, July 6th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.83.

Expeditors International of Washington (EXPD) traded up 0.36% during trading on Friday, reaching $59.26. 429,506 shares of the company’s stock were exchanged. Expeditors International of Washington has a 52 week low of $47.23 and a 52 week high of $59.52. The stock has a 50-day moving average price of $56.27 and a 200 day moving average price of $55.18. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 25.32 and a beta of 0.64.

A number of large investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. increased its stake in Expeditors International of Washington by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 155,274 shares of the transportation company’s stock worth $8,772,000 after buying an additional 4,552 shares during the period. Northwest Investment Counselors LLC increased its stake in Expeditors International of Washington by 1.4% in the first quarter. Northwest Investment Counselors LLC now owns 10,596 shares of the transportation company’s stock worth $599,000 after buying an additional 148 shares during the period. Prudential Financial Inc. increased its stake in Expeditors International of Washington by 18.7% in the first quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock worth $17,669,000 after buying an additional 49,240 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Expeditors International of Washington by 3.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 544,049 shares of the transportation company’s stock worth $30,733,000 after buying an additional 20,558 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in Expeditors International of Washington by 39.0% in the first quarter. Sheets Smith Wealth Management now owns 39,200 shares of the transportation company’s stock worth $2,214,000 after buying an additional 11,000 shares during the period. 94.09% of the stock is owned by institutional investors.

WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/07/21/zacks-analysts-anticipate-expeditors-international-of-washington-inc-expd-to-post-0-60-eps.html.

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.

Get a free copy of the Zacks research report on Expeditors International of Washington (EXPD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.