Analysts expect that Expeditors International of Washington (NASDAQ:EXPD) will report earnings of $0.84 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Expeditors International of Washington’s earnings. The lowest EPS estimate is $0.82 and the highest is $0.87. Expeditors International of Washington posted earnings of $0.71 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The company is expected to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that Expeditors International of Washington will report full-year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.14 to $3.33. For the next fiscal year, analysts anticipate that the business will post earnings of $3.42 per share, with EPS estimates ranging from $3.36 to $3.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.14. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share.

A number of research firms have recently issued reports on EXPD. Deutsche Bank began coverage on Expeditors International of Washington in a report on Tuesday, September 4th. They issued a “hold” rating and a $71.00 target price for the company. Zacks Investment Research lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. BidaskClub lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, Goldman Sachs Group lowered Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price objective for the company. in a report on Friday, December 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.40.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 2,371 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $73.67, for a total transaction of $174,671.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey S. Musser sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $75.95, for a total value of $2,278,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,371 shares of company stock valued at $2,820,772. 0.99% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group raised its holdings in Expeditors International of Washington by 51.8% during the third quarter. Rehmann Capital Advisory Group now owns 1,337 shares of the transportation company’s stock valued at $98,000 after buying an additional 456 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Expeditors International of Washington by 3.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,027 shares of the transportation company’s stock valued at $1,976,000 after buying an additional 789 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Expeditors International of Washington by 14.0% during the third quarter. Daiwa Securities Group Inc. now owns 6,543 shares of the transportation company’s stock valued at $481,000 after buying an additional 806 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Expeditors International of Washington by 2.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,632 shares of the transportation company’s stock valued at $2,473,000 after buying an additional 815 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Expeditors International of Washington by 1.9% during the third quarter. State of Alaska Department of Revenue now owns 46,234 shares of the transportation company’s stock valued at $3,397,000 after buying an additional 853 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

EXPD opened at $70.48 on Friday. The firm has a market capitalization of $12.16 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79. Expeditors International of Washington has a 12-month low of $59.10 and a 12-month high of $78.16.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $0.45 per share. This represents a dividend yield of 1.23%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.42. The ex-dividend date is Friday, November 30th. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 36.29%.

About Expeditors International of Washington

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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