Zacks: Brokerages Anticipate Expeditors International of Washington (EXPD) Will Post Earnings of $0.56 Per Share

Analysts predict that Expeditors International of Washington (NASDAQ:EXPD) will announce earnings per share of $0.56 for the current quarter, Zacks reports. Four analysts have made estimates for Expeditors International of Washington’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.55. Expeditors International of Washington reported earnings per share of $0.53 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The business is expected to report its next earnings report 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 year, with EPS estimates ranging from $2.45 to $2.60. For the next fiscal year, analysts anticipate that the company will report earnings of $2.73 per share, with EPS estimates ranging from $2.69 to $2.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 21st. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business earned $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share.

Several research analysts have issued reports on EXPD shares. Credit Suisse Group AG reiterated an “underperform” rating and set a $53.00 price objective (up from $52.00) on shares of Expeditors International of Washington in a research note on Monday, March 6th. Wells Fargo & Co started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Cowen and Company reiterated a “market perform” rating and set a $57.00 price objective (up from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Finally, Vertical Research reiterated a “hold” rating and set a $63.00 price objective on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $57.20.

In other news, VP Eugene K. Alger sold 3,750 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $56.05, for a total transaction of $210,187.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Malone sold 22,000 shares of the 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 sale, the director now owns 22,402 shares in the company, valued at approximately $1,256,528.18. The disclosure for this sale can be found here. Insiders have sold 41,635 shares of company stock worth $2,339,698 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Several hedge funds have recently made changes to their positions in EXPD. Virtus Investment Advisers Inc. acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $100,000. Mosaic Family Wealth LLC boosted its stake in shares of Expeditors International of Washington by 3.8% in the third quarter. Mosaic Family Wealth LLC now owns 2,394 shares of the transportation company’s stock valued at $123,000 after buying an additional 87 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $126,000. MUFG Americas Holdings Corp boosted its stake in shares of Expeditors International of Washington by 34.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,535 shares of the transportation company’s stock valued at $134,000 after buying an additional 650 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Expeditors International of Washington by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,767 shares of the transportation company’s stock valued at $147,000 after buying an additional 112 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

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Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.84% during mid-day trading on Monday, hitting $56.21. 1,412,227 shares of the company were exchanged. The stock has a market cap of $10.12 billion, a PE ratio of 23.82 and a beta of 0.64. Expeditors International of Washington has a 12-month low of $46.48 and a 12-month high of $57.35. The stock’s 50-day moving average price is $56.15 and its 200 day moving average price is $53.76.

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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