Analysts Anticipate Expeditors International of Washington (EXPD) to Announce $0.64 EPS

Equities research analysts predict that Expeditors International of Washington (NASDAQ:EXPD) will report earnings of $0.64 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Expeditors International of Washington’s earnings, with estimates ranging from $0.62 to $0.66. Expeditors International of Washington reported earnings of $0.61 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that Expeditors International of Washington will report full year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.45. For the next financial year, analysts forecast that the company will report earnings of $2.75 per share, with EPS estimates ranging from $2.49 to $3.08. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis.

EXPD has been the topic of a number of recent research reports. BidaskClub downgraded Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Barclays reissued a “buy” rating and issued a $70.00 target price on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Credit Suisse Group increased their target price on Expeditors International of Washington from $56.00 to $63.00 and gave the company an “underperform” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Cowen increased their target price 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.88.

In other news, insider Eugene K. Alger sold 10,269 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $60.40, for a total value of $620,247.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. Old Mutual Global Investors UK Ltd. bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $103,000. Canada Pension Plan Investment Board raised its stake in shares of Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after buying an additional 1,900 shares during the period. Merriman Wealth Management LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth about $208,000. Nwam LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $208,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $209,000. 93.47% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington (EXPD) traded down $0.89 during mid-day trading on Thursday, reaching $61.24. The company’s stock had a trading volume of 619,091 shares, compared to its average volume of 1,041,883. Expeditors International of Washington has a 52 week low of $51.96 and a 52 week high of $67.54. The company has a market capitalization of $10,994.47, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64.

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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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