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

Expeditors International of Washington (NASDAQ:EXPD) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. Expeditors International of Washington’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. On average, analysts expect Expeditors International of Washington to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Expeditors International of Washington Stock Up 0.9 %

Shares of EXPD opened at $114.96 on Friday. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The company’s fifty day moving average is $117.91 and its two-hundred day moving average is $120.35. The firm has a market cap of $16.31 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 8.41 and a beta of 1.00.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $110.57.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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, specialized cargo monitoring and tracking, and other supply chain solutions.