Analysts expect Expeditors International of Washington, Inc. (NASDAQ:EXPD) to post $0.63 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Expeditors International of Washington’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.58. Expeditors International of Washington posted earnings per share of $0.61 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The business is scheduled to announce its next earnings results on Tuesday, February 20th.

On average, analysts expect that Expeditors International of Washington will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.45. For the next financial year, analysts forecast that the company will post earnings of $2.59 per share, with EPS estimates ranging from $2.50 to $2.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 22.32% and a net margin of 6.50%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share.

EXPD has been the subject of several recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research report on Friday, August 11th. Barclays PLC boosted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Credit Suisse Group boosted their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 8th. Cowen and Company restated a “market perform” rating and set a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $59.38.

Expeditors International of Washington (EXPD) traded down $0.02 during trading on Monday, reaching $59.85. The company had a trading volume of 1,024,900 shares, compared to its average volume of 1,117,389. Expeditors International of Washington has a twelve month low of $50.20 and a twelve month high of $62.63. The stock has a market capitalization of $10,635.51, a PE ratio of 25.04, a price-to-earnings-growth ratio of 3.13 and a beta of 0.68.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.42 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, November 30th. Expeditors International of Washington’s payout ratio is currently 35.15%.

Several institutional investors and hedge funds have recently bought and sold shares of EXPD. Teachers Advisors LLC boosted its holdings in shares of Expeditors International of Washington by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 260,154 shares of the transportation company’s stock worth $14,696,000 after purchasing an additional 13,288 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Expeditors International of Washington by 9.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,870 shares of the transportation company’s stock worth $388,000 after purchasing an additional 600 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Expeditors International of Washington by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 595,893 shares of the transportation company’s stock worth $33,662,000 after purchasing an additional 16,542 shares in the last quarter. Barings LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth about $210,000. Finally, Bank of Montreal Can boosted its holdings in shares of Expeditors International of Washington by 11.5% in the 2nd quarter. Bank of Montreal Can now owns 98,446 shares of the transportation company’s stock worth $5,561,000 after purchasing an additional 10,152 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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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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