Equities research analysts predict that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will announce sales of $1.79 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Expeditors International of Washington’s earnings. The highest sales estimate is $1.83 billion and the lowest is $1.72 billion. Expeditors International of Washington reported sales of $1.64 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year sales of $1.79 billion for the current financial year, with estimates ranging from $6.74 billion to $6.85 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.23 billion per share, with estimates ranging from $7.03 billion to $7.59 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Expeditors International of Washington.

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

Several research analysts have issued reports on the company. Cowen reiterated a “market perform” rating and issued a $54.00 price objective (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. Barclays increased their price objective 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. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, November 9th. UBS increased their price objective on Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, November 8th. Finally, Goldman Sachs Group started coverage on Expeditors International of Washington in a research report on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $59.38.

In related news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.78% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in Expeditors International of Washington by 24,524.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after buying an additional 4,767,490 shares during the last quarter. APG Asset Management N.V. boosted its stake in Expeditors International of Washington by 115.2% in the 3rd quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after buying an additional 766,900 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Expeditors International of Washington by 21.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after buying an additional 624,542 shares during the last quarter. Vanguard Group Inc. boosted its stake in Expeditors International of Washington by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock worth $1,112,904,000 after buying an additional 532,318 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Expeditors International of Washington by 934.7% in the 2nd quarter. Nationwide Fund Advisors now owns 520,461 shares of the transportation company’s stock worth $29,396,000 after buying an additional 470,162 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington (NASDAQ:EXPD) traded down $0.31 during trading on Monday, hitting $64.47. The stock had a trading volume of 1,634,000 shares, compared to its average volume of 1,123,796. Expeditors International of Washington has a twelve month low of $51.57 and a twelve month high of $65.41. The stock has a market capitalization of $11,456.50, a PE ratio of 26.98, a PEG ratio of 3.36 and a beta of 0.72.

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

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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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