Brokerages expect Expeditors International of Washington, Inc. (NASDAQ:EXPD) to announce sales of $1.71 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Expeditors International of Washington’s earnings, with the lowest sales estimate coming in at $1.65 billion and the highest estimate coming in at $1.81 billion. Expeditors International of Washington posted sales of $1.56 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year sales of $1.71 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.86 billion. For the next financial year, analysts forecast that the business will report sales of $7.12 billion per share, with estimates ranging from $6.88 billion to $7.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a net margin of 6.54% and a return on equity of 22.03%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share.

A number of research firms have recently issued reports on EXPD. BidaskClub lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, Cowen and Company restated a “market perform” rating and set a $54.00 price target (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $55.80.

A number of hedge funds have recently bought and sold shares of EXPD. Ontario Teachers Pension Plan Board increased its stake in Expeditors International of Washington by 19.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 169,353 shares of the transportation company’s stock valued at $9,565,000 after buying an additional 27,013 shares in the last quarter. Veritable L.P. increased its stake in Expeditors International of Washington by 42.2% in the second quarter. Veritable L.P. now owns 6,878 shares of the transportation company’s stock valued at $388,000 after buying an additional 2,040 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Expeditors International of Washington during the second quarter valued at approximately $3,305,000. Dimensional Fund Advisors LP increased its stake in Expeditors International of Washington by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 613,843 shares of the transportation company’s stock valued at $34,668,000 after buying an additional 17,950 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Expeditors International of Washington by 70.3% in the second quarter. Parametric Portfolio Associates LLC now owns 632,501 shares of the transportation company’s stock valued at $35,724,000 after buying an additional 261,071 shares in the last quarter. 94.09% of the stock is owned by institutional investors.

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Expeditors International of Washington (EXPD) opened at 54.44 on Friday. The stock has a market capitalization of $9.84 billion, a PE ratio of 23.57 and a beta of 0.65. The company’s 50-day moving average is $57.54 and its 200 day moving average is $55.72. Expeditors International of Washington has a 12-month low of $47.23 and a 12-month high of $59.90.

Expeditors International of Washington Company Profile

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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