Zacks: Brokerages Expect Expeditors International of Washington (EXPD) Will Announce Earnings of $0.79 Per Share

Brokerages expect that Expeditors International of Washington (NASDAQ:EXPD) will announce $0.79 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.75. Expeditors International of Washington posted earnings per share of $0.66 in the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The company is expected to report its next earnings report before the market opens on Tuesday, November 6th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.20. For the next fiscal year, analysts anticipate that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.30 to $3.55. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%.

EXPD has been the topic of several analyst reports. BidaskClub upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Deutsche Bank initiated coverage on Expeditors International of Washington in a research note on Tuesday, September 4th. They issued a “hold” rating and a $71.00 price objective on the stock. Zacks Investment Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the company a “hold” rating in a research note on Wednesday, August 8th. Finally, Cowen reiterated a “market perform” rating and issued a $73.00 price objective (up from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.40.

A number of institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. acquired a new stake in Expeditors International of Washington in the second quarter valued at $5,606,000. Bank of New York Mellon Corp raised its stake in Expeditors International of Washington by 0.6% in the second 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 buying an additional 13,030 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Expeditors International of Washington by 20.4% in the second quarter. Public Employees Retirement System of Ohio now owns 90,146 shares of the transportation company’s stock valued at $6,590,000 after buying an additional 15,284 shares in the last quarter. WINTON GROUP Ltd raised its stake in Expeditors International of Washington by 1,672.1% in the second quarter. WINTON GROUP Ltd now owns 141,114 shares of the transportation company’s stock valued at $10,315,000 after buying an additional 133,151 shares in the last quarter. Finally, Andra AP fonden acquired a new stake in shares of Expeditors International of Washington during the second quarter worth about $8,640,000. Institutional investors own 92.75% of the company’s stock.

Shares of NASDAQ EXPD opened at $73.68 on Wednesday. The firm has a market capitalization of $12.85 billion, a PE ratio of 29.71, a P/E/G ratio of 2.92 and a beta of 0.69. Expeditors International of Washington has a 12-month low of $56.44 and a 12-month high of $78.16.

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, 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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