Equities research analysts predict that Expeditors International of Washington (NASDAQ:EXPD) will announce earnings of $0.64 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Expeditors International of Washington’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.66. Expeditors International of Washington reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The business is expected to announce its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.33 to $2.45. For the next financial year, analysts anticipate that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.47 to $2.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms 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 EPS for the quarter, beating the 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 company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year.

Several brokerages have commented on EXPD. Barclays increased their price target on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Cowen increased their price target on Expeditors International of Washington from $54.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. UBS Group raised their price objective on shares of Expeditors International of Washington from $48.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research note on Monday, November 13th. They issued a “neutral” rating and a $59.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $59.38.

Shares of Expeditors International of Washington (NASDAQ EXPD) traded down $0.07 during mid-day trading on Friday, reaching $65.00. The company’s stock had a trading volume of 1,217,100 shares, compared to its average volume of 1,055,900. Expeditors International of Washington has a one year low of $51.57 and a one year high of $66.25. The firm has a market capitalization of $11,563.12, a P/E ratio of 27.20, a PEG ratio of 3.13 and a beta of 0.72.

The company also recently announced a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 35.15%.

In related news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of EXPD. Vanguard Group Inc. lifted its holdings in shares of Expeditors International of Washington by 2.8% during the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after acquiring an additional 532,318 shares during the period. Janus Henderson Group PLC increased its position in Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock worth $270,366,000 after purchasing an additional 4,767,490 shares during the period. Commonwealth Bank of Australia increased its position in Expeditors International of Washington by 21.8% in the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock worth $208,580,000 after purchasing an additional 624,542 shares during the period. APG Asset Management N.V. increased its position in Expeditors International of Washington by 115.2% in the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock worth $85,750,000 after purchasing an additional 766,900 shares during the period. Finally, Alliancebernstein L.P. increased its position in Expeditors International of Washington by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,385,114 shares of the transportation company’s stock worth $78,231,000 after purchasing an additional 13,419 shares during the period. 93.56% of the stock is owned by hedge funds and other institutional investors.

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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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