$0.91 EPS Expected for Expeditors International of Washington (NASDAQ:EXPD) This Quarter

Brokerages expect Expeditors International of Washington (NASDAQ:EXPD) to report earnings of $0.91 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Expeditors International of Washington’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $0.94. Expeditors International of Washington reported earnings per share of $0.92 during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is scheduled to announce its next earnings report on Tuesday, November 5th.

On average, analysts expect that Expeditors International of Washington will report full year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.40 to $3.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.76 per share, with EPS estimates ranging from $3.58 to $3.95. 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 released its earnings results on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share.

A number of analysts have recently commented on the stock. Goldman Sachs Group assumed coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 10th. They set a “sell” rating and a $70.00 target price for the company. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus cut their target price on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday, September 10th. Finally, Loop Capital assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, May 30th. They set a “hold” rating and a $78.00 target price for the company. Three investment 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. Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $73.13.

In other Expeditors International of Washington news, Director Sidney E. Harris sold 1,860 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $134.50, for a total value of $250,170.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eugene K. Alger sold 36,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total transaction of $2,557,800.00. Following the completion of the transaction, the insider now owns 45,787 shares in the company, valued at $3,253,166.35. The disclosure for this sale can be found here. Insiders sold a total of 76,860 shares of company stock worth $5,586,330 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. HM Payson & Co. purchased a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $26,000. Rational Advisors LLC purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $30,000. Steward Partners Investment Advisory LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter worth approximately $33,000. Lenox Wealth Management Inc. increased its stake in Expeditors International of Washington by 98.9% during the 2nd quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after buying an additional 282 shares during the period. Finally, CSat Investment Advisory L.P. increased its stake in Expeditors International of Washington by 124.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 680 shares of the transportation company’s stock worth $51,000 after buying an additional 377 shares during the period. Institutional investors own 92.29% of the company’s stock.

Shares of EXPD stock traded down $0.83 on Monday, reaching $75.39. 414,601 shares of the company were exchanged, compared to its average volume of 761,843. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 21.66 and a beta of 0.96. The business has a 50-day moving average price of $72.35 and a 200 day moving average price of $74.57. 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 1 year low of $62.90 and a 1 year high of $80.69.

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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