Equities research analysts expect that Expeditors International of Washington (NASDAQ:EXPD) will announce sales of $2.03 billion for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Expeditors International of Washington’s earnings. The lowest sales estimate is $1.91 billion and the highest is $2.07 billion. Expeditors International of Washington reported sales of $1.80 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to report its next earnings report before the market opens on Tuesday, November 6th.

On average, analysts expect that Expeditors International of Washington will report full-year sales of $7.94 billion for the current year, with estimates ranging from $7.68 billion to $8.03 billion. For the next year, analysts forecast that the firm will report sales of $8.39 billion, with estimates ranging from $7.91 billion to $8.54 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. Expeditors International of Washington had a return on equity of 26.73% and a net margin of 7.50%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion.

Several research analysts have issued reports on the company. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the stock a “hold” rating in a report on Wednesday, August 8th. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Credit Suisse Group cut their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 8th. Cowen reissued a “market perform” rating and issued a $73.00 price target (up previously from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Finally, Deutsche Bank initiated coverage on Expeditors International of Washington in a research note on Tuesday, September 4th. They issued a “hold” rating and a $71.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $67.40.

NASDAQ:EXPD traded up $0.91 during trading hours on Friday, hitting $73.11. 861,610 shares of the stock were exchanged, compared to its average volume of 1,235,307. Expeditors International of Washington has a twelve month low of $56.44 and a twelve month high of $78.16. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 2.86 and a beta of 0.69.

A number of institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its stake in Expeditors International of Washington by 0.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 15,626,749 shares of the transportation company’s stock worth $989,173,000 after buying an additional 64,424 shares during the period. Fiduciary Management Inc. WI increased its holdings in Expeditors International of Washington by 25.6% during the 1st quarter. Fiduciary Management Inc. WI now owns 7,104,963 shares of the transportation company’s stock worth $449,744,000 after purchasing an additional 1,448,170 shares in the last quarter. Select Equity Group L.P. increased its holdings in Expeditors International of Washington by 41.6% during the 1st quarter. Select Equity Group L.P. now owns 4,368,957 shares of the transportation company’s stock worth $276,555,000 after purchasing an additional 1,283,685 shares in the last quarter. Bank of America Corp DE increased its holdings in Expeditors International of Washington by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 4,268,341 shares of the transportation company’s stock worth $312,015,000 after purchasing an additional 230,288 shares in the last quarter. Finally, FMR LLC increased its holdings in Expeditors International of Washington by 59.3% during the 2nd quarter. FMR LLC now owns 2,673,760 shares of the transportation company’s stock worth $195,452,000 after purchasing an additional 995,371 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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