Zacks: Analysts Expect Expeditors International of Washington, Inc. (NASDAQ: EXPD) to Report Quarterly Sales of $3.77 Billion

0

Brokers expect Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) to report sales of $3.77 billion in the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Expeditors International of Washington. The lowest sales estimate is $3.67 billion and the highest is $3.86 billion. Expeditors International of Washington reported sales of $3.36 billion in the same quarter last year, indicating a positive growth rate of 12.2% year over year. The company is due to announce its next earnings report on Tuesday, May 3.

According to Zacks, analysts expect Expeditors International of Washington to report annual sales of $15.38 billion in the current fiscal year, with estimates ranging from $15.04 billion to $15.73 billion. of dollars. For the next fiscal year, analysts expect the company to record sales of $12.66 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who cover Expeditors International of Washington.

Washington’s Expeditors International (NASDAQ:EXPD – Get Rating) last released quarterly earnings data on Tuesday, February 22. The transportation company reported earnings per share (EPS) of $2.66 for the quarter, beating consensus analyst estimates of $2.02 by $0.64. Expeditors International of Washington had a net margin of 8.48% and a return on equity of 43.96%. The company posted revenue of $5.40 billion for the quarter, versus $4.47 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $1.16. The company’s revenue for the quarter increased by 81.0% compared to the same quarter last year.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

EXPD has been the subject of a number of research reports. Goldman Sachs Group cut its price target on shares of Washington-based Expeditors International from $117.00 to $101.00 in a Tuesday, February 22 research note. Morgan Stanley lowered its price target on shares of Expeditors International of Washington from $95.00 to $94.00 and set an “underweight” rating on the stock in a Monday, Feb. 28 research note . Cowen lowered his price target on shares of Expeditors International of Washington from $132.00 to $112.00 and set a “market performance” rating on the stock in a Wednesday, Feb. 23 research note . Susquehanna Bancshares lowered its price target on shares of Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating on the stock in a Wednesday, February 23 research note. Finally, Susquehanna lowered its price target on shares of Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating on the stock in a Wednesday, February 23 research note. Two equity research analysts gave the stock a sell rating, five gave the company a hold rating and one gave the company’s stock a strong buy rating. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.67.

EXPD stock opened at $99.56 on Friday. The company’s 50-day moving average price is $112.21 and its two-hundred-day moving average price is $120.49. Washington Expeditors International has a 12-month low of $97.37 and a 12-month high of $137.80. The stock has a market capitalization of $16.87 billion, a price-earnings ratio of 12.05 and a beta of 0.89.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Amundi Pioneer Asset Management Inc. increased its stake in Expeditors International of Washington by 0.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 251,738 shares of the transportation company worth $19,107,000 after buying an additional 1,141 shares last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Expeditors International of Washington by 12.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,247 shares of the transportation company valued at $3,956,000 after acquiring 3,567 additional shares during the period. Cubist Systematic Strategies LLC increased its equity stake in Expeditors International of Washington by 77.6% during the second quarter. Cubist Systematic Strategies LLC now owns 6,739 shares of the transportation company valued at $853,000 after buying 2,944 additional shares last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Expeditors International of Washington during Q2, valued at approximately $281,000. Finally, Bradley Foster & Sargent Inc. CT bought a new position in shares of Expeditors International of Washington during Q2 valued at approximately $215,000. 91.15% of the shares are currently held by institutional investors and hedge funds.

Washington Expeditors International Company Profile (Get an evaluation)

Expeditors International of Washington, Inc. is engaged in the provision of global logistics services. The company offers air freight, ocean freight, shipping and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, freight insurance, and custom logistics solutions.

Featured articles

Get a Free Copy of Zacks’ Research Report on Expeditors International of Washington (EXPD)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Expeditors International of Washington right now?

Before you consider Expeditors International of Washington, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Washington’s Expeditors International was not on the list.

While Washington’s Expeditors International currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.