Equities analysts expect Expeditors International of Washington (NASDAQ:EXPD) to announce earnings of $0.81 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Expeditors International of Washington’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.75. Expeditors International of Washington posted earnings per share of $0.79 during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that Expeditors International of Washington will report full-year earnings of $3.45 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.55. For the next year, analysts forecast that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.59 to $3.80. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.76 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year.

EXPD has been the topic of a number of research reports. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a research report on Monday, May 20th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Expeditors International of Washington in a research report on Friday, May 17th. Cowen reaffirmed a “buy” rating and set a $149.00 target price on shares of Intercept Pharmaceuticals in a research report on Wednesday, May 8th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Goldman Sachs Group lowered EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $73.29.

Shares of NASDAQ:EXPD traded up $0.05 during trading on Wednesday, reaching $74.20. 34,861 shares of the stock were exchanged, compared to its average volume of 1,033,046. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.22 and a current ratio of 2.22. Expeditors International of Washington has a 1-year low of $62.90 and a 1-year high of $80.69. The stock has a fifty day moving average price of $73.40. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 21.33 and a beta of 0.91.

The business also recently declared a semiannual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.50 dividend. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a yield of 1.35%. The ex-dividend date was Friday, May 31st. Expeditors International of Washington’s dividend payout ratio is presently 28.74%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPD. Raymond James Financial Services Advisors Inc. raised its position in Expeditors International of Washington by 9.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,896 shares of the transportation company’s stock valued at $1,150,000 after buying an additional 1,494 shares during the last quarter. Advisor Group Inc. raised its position in Expeditors International of Washington by 170.2% in the 4th quarter. Advisor Group Inc. now owns 19,296 shares of the transportation company’s stock valued at $1,313,000 after buying an additional 12,155 shares during the last quarter. Employees Retirement System of Texas raised its position in Expeditors International of Washington by 53.3% in the 4th quarter. Employees Retirement System of Texas now owns 23,000 shares of the transportation company’s stock valued at $1,566,000 after buying an additional 8,000 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Expeditors International of Washington by 7.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,663 shares of the transportation company’s stock valued at $2,019,000 after buying an additional 2,083 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Expeditors International of Washington by 3.7% in the 4th quarter. Bessemer Group Inc. now owns 19,922 shares of the transportation company’s stock valued at $1,356,000 after buying an additional 716 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

See Also: Gross Domestic Product (GDP)

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

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