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

Expeditors International of Washington (NASDAQ:EXPD) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Individual 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 the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. 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 Trading Up 0.9 %

NASDAQ EXPD opened at $114.96 on Monday. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.17. The stock has a market cap of $16.31 billion, a PE ratio of 22.99, a P/E/G ratio of 8.49 and a beta of 1.00. The stock’s 50 day moving average is $117.91 and its 200 day moving average is $120.35.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXPD. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research note on Thursday, January 11th. Bank of America assumed coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised 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 equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.