Equities analysts expect Expeditors International of Washington, Inc. (NASDAQ:EXPD) to report $0.60 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.56. 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 expected to announce its next earnings report on Tuesday, November 14th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.45. For the next year, analysts expect that the company will report earnings of $2.54 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Expeditors International of Washington.

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

EXPD has been the topic of a number of research reports. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Morgan Stanley restated an “equal weight” rating on shares of Expeditors International of Washington in a research note on Tuesday, July 11th. 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. Finally, Cowen and Company restated a “market perform” rating and issued a $54.00 price target (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $57.00.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Mutual of America Capital Management LLC lifted its position in Expeditors International of Washington by 2.8% during the first quarter. Mutual of America Capital Management LLC now owns 22,171 shares of the transportation company’s stock valued at $1,252,000 after purchasing an additional 610 shares in the last quarter. Pacer Advisors Inc. lifted its position in Expeditors International of Washington by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 101 shares in the last quarter. Nordea Investment Management AB lifted its position in Expeditors International of Washington by 109.1% during the first quarter. Nordea Investment Management AB now owns 13,337 shares of the transportation company’s stock valued at $753,000 after purchasing an additional 6,959 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Expeditors International of Washington during the first quarter valued at $765,000. Finally, Victory Capital Management Inc. lifted its position in Expeditors International of Washington by 32.8% during the first quarter. Victory Capital Management Inc. now owns 38,039 shares of the transportation company’s stock valued at $2,149,000 after purchasing an additional 9,405 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Expeditors International of Washington (NASDAQ EXPD) traded down 0.12% during mid-day trading on Thursday, hitting $60.03. The company had a trading volume of 56,597 shares. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 25.99 and a beta of 0.68. Expeditors International of Washington has a 52 week low of $47.23 and a 52 week high of $60.47. The firm’s 50 day moving average is $57.09 and its 200 day moving average is $56.23.

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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