Wall Street brokerages forecast that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will post earnings of $0.60 per share for the current quarter, Zacks reports. Four analysts have made estimates for Expeditors International of Washington’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.63. Expeditors International of Washington reported earnings of $0.59 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.45. For the next year, analysts forecast that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Expeditors International of Washington.

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

A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Expeditors International of Washington from a “hold” rating to a “buy” 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. 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, August 10th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $55.50.

Shares of Expeditors International of Washington (NASDAQ EXPD) traded down 0.25% during mid-day trading on Friday, reaching $56.90. 1,322,338 shares of the company were exchanged. Expeditors International of Washington has a 12 month low of $47.23 and a 12 month high of $59.90. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 24.63 and a beta of 0.66. The firm’s 50-day moving average is $56.55 and its 200-day moving average is $56.01.

Several institutional investors have recently added to or reduced their stakes in EXPD. Forsta AP Fonden grew its stake in Expeditors International of Washington by 20.3% in the 2nd quarter. Forsta AP Fonden now owns 184,331 shares of the transportation company’s stock valued at $10,411,000 after buying an additional 31,100 shares during the last quarter. Prudential Financial Inc. grew its stake in Expeditors International of Washington by 18.7% in the 1st quarter. Prudential Financial Inc. now owns 312,793 shares of the transportation company’s stock valued at $17,669,000 after buying an additional 49,240 shares during the last quarter. LS Investment Advisors LLC grew its stake in Expeditors International of Washington by 8.5% in the 2nd quarter. LS Investment Advisors LLC now owns 30,418 shares of the transportation company’s stock valued at $1,718,000 after buying an additional 2,391 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in Expeditors International of Washington in the 1st quarter valued at $1,937,000. Finally, Commonwealth Bank of Australia grew its stake in Expeditors International of Washington by 2.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,865,201 shares of the transportation company’s stock valued at $161,824,000 after buying an additional 65,353 shares during the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

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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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