$2.03 Billion in Sales Expected for Expeditors International of Washington (EXPD) This Quarter

Analysts expect that Expeditors International of Washington (NASDAQ:EXPD) will announce $2.03 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Expeditors International of Washington’s earnings, with estimates ranging from $1.91 billion to $2.07 billion. Expeditors International of Washington reported sales of $1.80 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The business is expected to report its next quarterly earnings results 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 financial year, with estimates ranging from $7.68 billion to $8.03 billion. For the next financial year, analysts expect that the company will post sales of $8.39 billion, with estimates ranging from $7.91 billion to $8.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Expeditors International of Washington.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 7th. The transportation company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion.

A number of equities research analysts have weighed in on EXPD shares. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Robert W. Baird lifted their price objective on Expeditors International of Washington from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Cowen reaffirmed a “market perform” rating and set a $73.00 price objective (up from $70.00) on shares of Expeditors International of Washington in a report on Tuesday, August 7th. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the company a “hold” rating in a report on Wednesday, August 8th. Finally, Credit Suisse Group decreased their price objective on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $67.40.

Several institutional investors and hedge funds have recently made changes to their positions in the company. World Asset Management Inc raised its position in Expeditors International of Washington by 6.4% in the 2nd quarter. World Asset Management Inc now owns 13,095 shares of the transportation company’s stock worth $957,000 after purchasing an additional 786 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Expeditors International of Washington by 3.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,027 shares of the transportation company’s stock worth $1,976,000 after purchasing an additional 789 shares during the last quarter. Global X Management Co LLC raised its position in Expeditors International of Washington by 15.5% in the 2nd quarter. Global X Management Co LLC now owns 7,033 shares of the transportation company’s stock worth $514,000 after purchasing an additional 943 shares during the last quarter. Parallel Advisors LLC raised its position in Expeditors International of Washington by 70.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,332 shares of the transportation company’s stock worth $170,000 after purchasing an additional 966 shares during the last quarter. Finally, Ariel Investments LLC raised its position in Expeditors International of Washington by 1.3% in the 2nd quarter. Ariel Investments LLC now owns 74,595 shares of the transportation company’s stock worth $5,453,000 after purchasing an additional 966 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

EXPD stock traded up $0.91 during trading on Friday, reaching $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 PE ratio of 29.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.69.

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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