Equities analysts expect that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will post earnings of $0.60 per share for the current quarter, Zacks reports. Four analysts have made estimates for Expeditors International of Washington’s earnings, with estimates ranging from $0.56 to $0.63. Expeditors International of Washington posted earnings per share of $0.59 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to announce its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that Expeditors International of Washington will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.45. For the next fiscal year, analysts forecast that the firm will post earnings of $2.55 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Expeditors International of Washington.

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

Several equities research analysts recently commented on EXPD shares. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a report on Thursday, July 6th. Morgan Stanley reissued an “equal weight” rating on shares of Expeditors International of Washington in a report on Tuesday, July 11th. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Cowen and Company reissued a “market perform” rating and set a $54.00 target price (down previously from $55.00) on shares of Expeditors International of Washington in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.00.

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Expeditors International of Washington (EXPD) traded up 0.12% during midday trading on Thursday, hitting $60.34. The company had a trading volume of 534,308 shares. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 32.27 and a beta of 0.68. Expeditors International of Washington has a 12-month low of $47.23 and a 12-month high of $60.47. The company’s 50 day moving average is $57.38 and its 200 day moving average is $56.29.

Several hedge funds and other institutional investors have recently bought and sold shares of EXPD. BlackRock Inc. increased its holdings in shares of Expeditors International of Washington by 1,951.4% in the first quarter. BlackRock Inc. now owns 14,494,247 shares of the transportation company’s stock valued at $818,780,000 after buying an additional 13,787,678 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Expeditors International of Washington by 24,524.1% in the second quarter. Janus Henderson Group PLC now owns 4,786,930 shares of the transportation company’s stock valued at $270,366,000 after buying an additional 4,767,490 shares in the last quarter. FMR LLC increased its holdings in shares of Expeditors International of Washington by 43.0% in the first quarter. FMR LLC now owns 4,754,505 shares of the transportation company’s stock valued at $268,582,000 after buying an additional 1,429,041 shares in the last quarter. Janus Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 16.5% in the first quarter. Janus Capital Management LLC now owns 4,097,422 shares of the transportation company’s stock valued at $231,463,000 after buying an additional 579,228 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Expeditors International of Washington by 2.8% in the second quarter. Vanguard Group Inc. now owns 19,704,393 shares of the transportation company’s stock valued at $1,112,904,000 after buying an additional 532,318 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

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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