$0.78 Earnings Per Share Expected for Expeditors International of Washington (EXPD) This Quarter

Wall Street analysts expect that Expeditors International of Washington (NASDAQ:EXPD) will announce earnings of $0.78 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Expeditors International of Washington’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.75. Expeditors International of Washington reported earnings of $0.66 per share during the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, November 6th.

On average, analysts expect that Expeditors International of Washington will report full-year earnings of $3.14 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.20. For the next financial year, analysts forecast that the company will report earnings of $3.39 per share, with EPS estimates ranging from $3.30 to $3.55. Zacks’ EPS averages are an average based on a survey of analysts that cover Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 7th. The transportation company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a net margin of 7.50% and a return on equity of 26.73%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion.

EXPD has been the subject of a number of research analyst reports. Deutsche Bank set a $72.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research note on Thursday, September 27th. BidaskClub lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. Cowen reaffirmed a “market perform” rating and issued a $73.00 price target (up from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Credit Suisse Group reduced their price target on shares of Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research note on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $67.50.

Shares of NASDAQ:EXPD traded up $0.42 during trading on Friday, reaching $66.90. The company had a trading volume of 1,764,766 shares, compared to its average volume of 1,220,882. The firm has a market cap of $12.82 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.92 and a beta of 0.66. Expeditors International of Washington has a twelve month low of $56.44 and a twelve month high of $78.16.

Several large investors have recently modified their holdings of the company. Select Equity Group L.P. lifted its position in shares of Expeditors International of Washington by 41.6% in the 1st quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock valued at $276,555,000 after acquiring an additional 1,283,685 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Expeditors International of Washington by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 4,268,341 shares of the transportation company’s stock valued at $312,015,000 after acquiring an additional 230,288 shares in the last quarter. FMR LLC lifted its position in shares of Expeditors International of Washington by 59.3% in the 2nd quarter. FMR LLC now owns 2,673,760 shares of the transportation company’s stock valued at $195,452,000 after acquiring an additional 995,371 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Expeditors International of Washington by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,246,677 shares of the transportation company’s stock valued at $164,231,000 after acquiring an additional 13,030 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Expeditors International of Washington by 70.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,164,146 shares of the transportation company’s stock valued at $158,200,000 after acquiring an additional 893,722 shares in the last quarter. 92.79% of the stock is owned by institutional investors.

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.

Featured Article: Closed-End Mutual Funds (CEFs)

Get a free copy of the Zacks research report on Expeditors International of Washington (EXPD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply