$0.80 EPS Expected for Expeditors International of Washington (NASDAQ:EXPD) This Quarter

Wall Street analysts expect Expeditors International of Washington (NASDAQ:EXPD) to report earnings per share (EPS) of $0.80 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Expeditors International of Washington’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.84. Expeditors International of Washington reported earnings of $0.79 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is expected to report its next earnings results before the market opens on Tuesday, August 6th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.55. For the next fiscal year, analysts forecast that the company will post earnings of $3.70 per share, with EPS estimates ranging from $3.59 to $3.80. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company posted $0.79 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year.

Several equities analysts have recently commented on EXPD shares. Seaport Global Securities restated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Loop Capital started coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They set a “hold” rating and a $78.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating on the stock in a report on Monday. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a report on Monday, May 27th. Finally, BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $73.14.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Expeditors International of Washington by 1.2% during the 1st quarter. BlackRock Inc. now owns 14,817,933 shares of the transportation company’s stock valued at $1,124,681,000 after acquiring an additional 169,828 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Expeditors International of Washington by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 2,625,188 shares of the transportation company’s stock valued at $178,482,000 after purchasing an additional 113,850 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Expeditors International of Washington by 2.1% in the 1st 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 last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $114,445,000. Finally, California Public Employees Retirement System lifted its stake in shares of Expeditors International of Washington by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 1,211,803 shares of the transportation company’s stock valued at $91,976,000 after purchasing an additional 196,219 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Shares of Expeditors International of Washington stock traded up $2.75 on Thursday, hitting $72.45. 61,220 shares of the company traded hands, compared to its average volume of 1,029,310. The stock’s 50-day moving average is $74.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.22. Expeditors International of Washington has a 12-month low of $62.90 and a 12-month high of $80.69. The company has a market cap of $12.59 billion, a P/E ratio of 20.82 and a beta of 0.90.

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, 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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