Equities analysts predict that Expeditors International of Washington, Inc. (NASDAQ:EXPD) will report $1.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Expeditors International of Washington’s earnings. The highest sales estimate is $1.81 billion and the lowest is $1.65 billion. Expeditors International of Washington reported sales of $1.56 billion during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The business is expected to announce its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that Expeditors International of Washington will report full year sales of $1.71 billion for the current year, with estimates ranging from $6.51 billion to $6.86 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.12 billion per share, with estimates ranging from $6.88 billion to $7.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Expeditors International of Washington.

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

EXPD has been the subject of several analyst reports. Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Seaport Global Securities reissued a “neutral” rating on shares of Expeditors International of Washington in a research note on Thursday, July 6th. Cowen and Company reissued a “market perform” rating and issued a $54.00 target price (down from $55.00) on shares of Expeditors International of Washington in a research note on Thursday. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Expeditors International of Washington in a research note on Friday. 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 company. Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $55.80.

Institutional investors have recently added to or reduced their stakes in the company. Janney Capital Management LLC boosted its position in Expeditors International of Washington by 0.4% in the second quarter. Janney Capital Management LLC now owns 4,683 shares of the transportation company’s stock worth $264,000 after buying an additional 18 shares during the period. Mosaic Family Wealth LLC boosted its position 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 during the period. Benedict Financial Advisors Inc. boosted its position in Expeditors International of Washington by 0.4% in the first quarter. Benedict Financial Advisors Inc. now owns 20,549 shares of the transportation company’s stock worth $1,161,000 after buying an additional 79 shares during the period. Louisiana State Employees Retirement System boosted its position in Expeditors International of Washington by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the transportation company’s stock worth $633,000 after buying an additional 100 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares during the period. 94.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Expeditors International of Washington (NASDAQ EXPD) opened at 54.44 on Friday. Expeditors International of Washington has a 52-week low of $47.23 and a 52-week high of $59.90. The firm has a 50-day moving average of $57.54 and a 200 day moving average of $55.72. The company has a market capitalization of $9.84 billion, a P/E ratio of 23.57 and a beta of 0.65.

WARNING: “$1.71 Billion in Sales Expected for Expeditors International of Washington, Inc. (NASDAQ:EXPD) This Quarter” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/1-71-billion-in-sales-expected-for-expeditors-international-of-washington-inc-nasdaqexpd-this-quarter/1476429.html.

Expeditors International of Washington Company Profile

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.

Get a free copy of the Zacks research report on Expeditors International of Washington (EXPD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.