Expeditors International of Washington (EXPD) Scheduled to Post Earnings on Tuesday

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Expeditors International of Washington to post earnings of $1.33 per share for the quarter.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. 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 Down 0.4 %

Shares of EXPD stock traded down $0.46 during trading hours on Tuesday, hitting $119.62. 738,099 shares of the company's stock were exchanged, compared to its average volume of 1,203,342. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The firm has a market cap of $16.88 billion, a P/E ratio of 25.85, a P/E/G ratio of 5.08 and a beta of 0.97. The firm has a 50 day moving average of $122.84 and a two-hundred day moving average of $121.11.

Analysts Set New Price Targets

Several equities analysts have issued reports on EXPD shares. Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. TD Cowen cut Expeditors International of Washington from a "hold" rating to a "sell" rating and reduced their target price for the company from $112.00 to $106.00 in a report on Monday, October 14th. Finally, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $115.33.

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.