Zacks: Analysts Anticipate Expeditors International of Washington (NASDAQ:EXPD) to Announce $0.90 Earnings Per Share

Equities analysts forecast that Expeditors International of Washington (NASDAQ:EXPD) will announce $0.90 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Expeditors International of Washington’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.86. Expeditors International of Washington reported earnings per share of $0.92 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.2%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, November 5th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.61. For the next fiscal year, analysts anticipate that the business will report earnings of $3.75 per share, with EPS estimates ranging from $3.58 to $3.95. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share.

Several equities analysts recently weighed in on EXPD shares. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, September 10th. Goldman Sachs Group started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price objective on the stock. Barclays lowered shares of Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $78.00 to $72.00 in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, Cowen reaffirmed a “hold” rating and set a $79.00 price objective on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.13.

In other news, insider Eugene K. Alger sold 36,000 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total value of $2,557,800.00. Following the transaction, the insider now owns 45,787 shares of the company’s stock, valued at $3,253,166.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sidney E. Harris sold 1,860 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $134.50, for a total transaction of $250,170.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,860 shares of company stock worth $5,586,330. Insiders own 1.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EXPD. Federated Investors Inc. PA raised its position in shares of Expeditors International of Washington by 1,532.6% in the first quarter. Federated Investors Inc. PA now owns 71,393 shares of the transportation company’s stock valued at $5,418,000 after purchasing an additional 67,020 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Expeditors International of Washington by 16.7% in the first quarter. Rockefeller Capital Management L.P. now owns 4,884 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 699 shares during the period. OppenheimerFunds Inc. raised its position in shares of Expeditors International of Washington by 7.2% in the first quarter. OppenheimerFunds Inc. now owns 285,494 shares of the transportation company’s stock valued at $21,669,000 after purchasing an additional 19,149 shares during the period. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 2.1% in the first quarter. Northern Trust Corp now owns 2,267,531 shares of the transportation company’s stock valued at $172,107,000 after purchasing an additional 45,673 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Expeditors International of Washington by 0.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 251,738 shares of the transportation company’s stock valued at $19,107,000 after purchasing an additional 1,141 shares during the period. 92.29% of the stock is currently owned by institutional investors.

Shares of EXPD opened at $74.37 on Wednesday. The firm has a market cap of $12.06 billion, a PE ratio of 19.52 and a beta of 0.96. The firm’s 50 day moving average price is $72.45 and its 200 day moving average price is $74.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 2.12. Expeditors International of Washington has a twelve month low of $62.90 and a twelve month high of $80.69.

Expeditors International of Washington Company Profile

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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

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