Zacks: Brokerages Expect Expeditors International of Washington (EXPD) Will Announce Earnings of $0.64 Per Share

Brokerages expect that Expeditors International of Washington (NASDAQ:EXPD) will report $0.64 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.59. Expeditors International of Washington reported earnings per share of $0.52 during the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The business is scheduled to report its next earnings report before the market opens on Tuesday, May 8th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.74 to $2.95. For the next fiscal year, analysts anticipate that the business will report earnings of $3.11 per share, with EPS estimates ranging from $2.95 to $3.24. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Expeditors International of Washington.

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Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS.

A number of equities research analysts have recently commented on EXPD shares. BidaskClub cut Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Credit Suisse Group lifted their target price on Expeditors International of Washington from $56.00 to $63.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 16th. Barclays reiterated a “buy” rating and set a $70.00 target price on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $68.00 target price on shares of Expeditors International of Washington in a research note on Thursday, January 18th. Finally, Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $63.13.

In related news, insider Jeffrey S. Musser sold 2,073 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $66.54, for a total value of $137,937.42. Following the sale, the insider now directly owns 10,126 shares in the company, valued at approximately $673,784.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Mcclincy sold 2,781 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the sale, the vice president now owns 16,500 shares in the company, valued at $1,069,365. The disclosure for this sale can be found here. Insiders sold a total of 27,457 shares of company stock worth $1,784,235 over the last 90 days. 0.99% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. bought a new stake in Expeditors International of Washington in the 4th quarter valued at about $103,000. Icon Wealth Partners LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $106,000. Pinebridge Investments L.P. bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $137,000. DF Dent & Co. Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $203,000. Finally, Brown Advisory Securities LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

NASDAQ EXPD opened at $64.37 on Tuesday. The firm has a market cap of $11,466.99, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.69. Expeditors International of Washington has a one year low of $51.96 and a one year high of $67.63.

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About Expeditors International of Washington

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Earnings History and Estimates for Expeditors International of Washington (NASDAQ:EXPD)

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