Expeditors International of Washington Inc. (NASDAQ:EXPD) – Stock analysts at William Blair decreased their FY2016 EPS estimates for shares of Expeditors International of Washington in a research report issued to clients and investors on Tuesday. William Blair analyst N. Brochmann now expects that the brokerage will post earnings of $2.34 per share for the year, down from their previous forecast of $2.40. William Blair also issued estimates for Expeditors International of Washington’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.57 EPS, Q2 2017 earnings at $0.66 EPS, Q3 2017 earnings at $0.65 EPS, Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.53 EPS and FY2018 earnings at $2.80 EPS.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.06. The firm earned $1.56 billion during the quarter, compared to the consensus estimate of $1.58 billion. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS.

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

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, September 13th. Stifel Nicolaus raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, August 25th. Barclays PLC reaffirmed a “buy” rating on shares of Expeditors International of Washington in a research report on Wednesday. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $46.00 target price on shares of Expeditors International of Washington in a research report on Wednesday, August 3rd. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $50.80.

Expeditors International of Washington (NASDAQ:EXPD) opened at 50.57 on Wednesday. Expeditors International of Washington has a 12-month low of $40.41 and a 12-month high of $52.58. The stock has a 50 day moving average of $50.92 and a 200 day moving average of $49.98. The company has a market cap of $9.16 billion, a PE ratio of 21.14 and a beta of 0.69.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Expeditors International of Washington by 6.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,552 shares of the company’s stock worth $26,509,000 after buying an additional 32,655 shares during the period. Geode Capital Management LLC boosted its position in Expeditors International of Washington by 1.4% in the first quarter. Geode Capital Management LLC now owns 1,672,325 shares of the company’s stock worth $81,481,000 after buying an additional 23,488 shares during the period. Saratoga Research & Investment Management boosted its position in Expeditors International of Washington by 23.8% in the second quarter. Saratoga Research & Investment Management now owns 489,605 shares of the company’s stock worth $24,010,000 after buying an additional 94,020 shares during the period. PGGM Investments boosted its position in Expeditors International of Washington by 10.8% in the second quarter. PGGM Investments now owns 783,479 shares of the company’s stock worth $38,422,000 after buying an additional 76,272 shares during the period. Finally, Compass Capital Management Inc. boosted its position in Expeditors International of Washington by 3.2% in the second quarter. Compass Capital Management Inc. now owns 404,316 shares of the company’s stock worth $19,828,000 after buying an additional 12,622 shares during the period. Institutional investors own 92.12% of the company’s stock.

In related news, Director Michael J. Malone sold 26,646 shares of Expeditors International of Washington stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $51.00, for a total transaction of $1,358,946.00. Following the transaction, the director now owns 108,786 shares in the company, valued at approximately $5,548,086. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

About Expeditors International of Washington

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.

5 Day Chart for NASDAQ:EXPD

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