Analysts predict that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will announce $1.63 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Expeditors International of Washington’s earnings. The highest sales estimate is $1.67 billion and the lowest is $1.58 billion. Expeditors International of Washington posted sales of $1.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Expeditors International of Washington will report full year sales of $1.63 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.80 billion. For the next financial year, analysts expect that the firm will report sales of $7.11 billion per share, with estimates ranging from $6.88 billion to $7.53 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Expeditors International of Washington.

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

A number of research firms have recently commented on EXPD. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Finally, Vertical Research reiterated a “hold” rating and set a $63.00 target price on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average price target of $54.83.

Several institutional investors have recently made changes to their positions in EXPD. TrimTabs Asset Management LLC increased its position in shares of Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Creative Planning increased its position in shares of Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

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Expeditors International of Washington (NASDAQ EXPD) traded down 0.07% during mid-day trading on Friday, reaching $59.01. 1,401,447 shares of the company’s stock traded hands. The company has a 50 day moving average price of $56.27 and a 200-day moving average price of $55.18. Expeditors International of Washington has a 12 month low of $47.23 and a 12 month high of $59.52. The stock has a market cap of $10.63 billion, a P/E ratio of 25.22 and a beta of 0.64.

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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