Brokerages predict that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will post earnings of $0.60 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Expeditors International of Washington’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.63. Expeditors International of Washington posted earnings of $0.59 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that Expeditors International of Washington will report full-year earnings of $2.32 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.45. For the next fiscal year, analysts anticipate that the business will report earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis.

EXPD has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Finally, Cowen and Company reissued a “market perform” rating and issued a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.80.

Expeditors International of Washington (NASDAQ:EXPD) traded up 0.77% on Tuesday, reaching $56.53. The company’s stock had a trading volume of 856,024 shares. The company has a 50 day moving average of $57.10 and a 200 day moving average of $55.95. Expeditors International of Washington has a 52 week low of $47.23 and a 52 week high of $59.90. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 24.47 and a beta of 0.65.

Hedge funds have recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its stake in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Expeditors International of Washington by 22.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the transportation company’s stock worth $147,000 after buying an additional 471 shares in the last quarter. Van ECK Associates Corp raised its stake in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Finally, Creative Planning raised its stake in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares in the last quarter. 93.64% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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