Zacks: Analysts Expect Expeditors International of Washington (EXPD) to Post $0.56 EPS

Wall Street brokerages forecast that Expeditors International of Washington (NASDAQ:EXPD) will announce earnings per share (EPS) of $0.56 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 $0.55 and the highest is $0.58. Expeditors International of Washington posted earnings of $0.53 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The business is expected to report its next earnings results on Tuesday, May 2nd.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.45 to $2.60. For the next financial year, analysts anticipate that the firm will report earnings of $2.73 per share, with EPS estimates ranging from $2.69 to $2.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, February 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm posted $0.61 earnings per share. Expeditors International of Washington’s revenue was up 2.9% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. Vertical Research assumed coverage on Expeditors International of Washington in a research report on Thursday. They set a “hold” rating for the company. Wells Fargo & Co assumed coverage on Expeditors International of Washington in a research report on Monday, March 13th. They set a “market perform” rating for the company. Cowen and Company reaffirmed a “market perform” rating and set a $57.00 target price (up from $49.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 22nd. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating and set a $53.00 target price (up from $52.00) on shares of Expeditors International of Washington in a research report on Monday, March 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $55.75.

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In other news, Director Michael J. Malone sold 22,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $56.09, for a total value of $1,233,980.00. Following the completion of the transaction, the director now directly owns 22,402 shares of the company’s stock, valued at approximately $1,256,528.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher J. Mcclincy sold 1,274 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $56.62, for a total value of $72,133.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,635 shares of company stock valued at $2,339,698. Corporate insiders own 0.86% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marathon Asset Management LLP raised its position in Expeditors International of Washington by 2.2% in the first quarter. Marathon Asset Management LLP now owns 420,961 shares of the company’s stock valued at $23,780,000 after buying an additional 9,070 shares during the last quarter. Bank of Montreal Can raised its position in Expeditors International of Washington by 2.7% in the first quarter. Bank of Montreal Can now owns 88,294 shares of the company’s stock valued at $4,987,000 after buying an additional 2,328 shares during the last quarter. National Pension Service raised its position in Expeditors International of Washington by 1.4% in the first quarter. National Pension Service now owns 182,008 shares of the company’s stock valued at $10,305,000 after buying an additional 2,483 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Expeditors International of Washington by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 58,894 shares of the company’s stock valued at $3,326,000 after buying an additional 700 shares during the last quarter. Finally, Sheets Smith Wealth Management raised its position in Expeditors International of Washington by 39.0% in the first quarter. Sheets Smith Wealth Management now owns 39,200 shares of the company’s stock valued at $2,214,000 after buying an additional 11,000 shares during the last quarter. 90.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at 55.35 on Monday. The company’s 50 day moving average price is $56.24 and its 200 day moving average price is $53.61. The stock has a market capitalization of $9.97 billion, a PE ratio of 23.45 and a beta of 0.64. Expeditors International of Washington has a 52-week low of $46.48 and a 52-week high of $57.35.

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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