Expeditors International of Washington (EXPD) Set to Announce Earnings on Monday

Expeditors International of Washington (NASDAQ:EXPD) will issue its quarterly earnings data before the market opens on Monday, April 30th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts expect Expeditors International of Washington to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Shares of EXPD opened at $64.20 on Monday. Expeditors International of Washington has a one year low of $51.96 and a one year high of $67.63. The company has a market cap of $11,244.55, a P/E ratio of 25.78, a PEG ratio of 2.78 and a beta of 0.69.



EXPD has been the subject of several research reports. Barclays reiterated a “buy” rating and set a $70.00 price target on shares of Expeditors International of Washington in a research report on Tuesday, January 9th. Morgan Stanley restated an “equal weight” rating and issued a $55.00 target price (up from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Friday, January 19th. Cowen restated a “market perform” rating and issued a $65.00 target price (up from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $65.00 target price (down from $67.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.13.

In other news, insider Richard H. Rostan sold 4,500 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $64.65, for a total transaction of $290,925.00. Following the completion of the transaction, the insider now directly owns 56,290 shares in the company, valued at approximately $3,639,148.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey S. Musser sold 2,073 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $66.54, for a total value of $137,937.42. Following the transaction, the insider now owns 10,126 shares of the company’s stock, valued at $673,784.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,457 shares of company stock valued at $1,784,235. 0.99% of the stock is owned by company insiders.

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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.

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

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