Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Analysts at Seaport Global Securities reduced their Q3 2017 EPS estimates for Expeditors International of Washington in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings of $0.59 per share for the quarter, down from their previous forecast of $0.60. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Expeditors International of Washington’s Q4 2017 earnings at $0.60 EPS and Q2 2018 earnings at $0.60 EPS.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 8th. The transportation company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Expeditors International of Washington had a return on equity of 22.03% and a net margin of 6.54%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/10/q3-2017-eps-estimates-for-expeditors-international-of-washington-inc-reduced-by-analyst-expd.html.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Expeditors International of Washington in a research report on Tuesday, July 11th. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Cowen and Company reaffirmed a “market perform” rating and set a $54.00 price objective (down from $55.00) on shares of Expeditors International of Washington in a research report on Thursday. Vertical Research reaffirmed a “hold” rating and set a $63.00 price objective on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Finally, Zacks Investment Research raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $56.60.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at 55.62 on Thursday. The stock’s 50 day moving average price is $57.57 and its 200-day moving average price is $55.71. The company has a market capitalization of $10.02 billion, a PE ratio of 23.77 and a beta of 0.65. Expeditors International of Washington has a 1-year low of $47.23 and a 1-year high of $59.90.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPD. TrimTabs Asset Management LLC increased its position in Expeditors International of Washington by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,071 shares of the transportation company’s stock worth $117,000 after buying an additional 976 shares in the last quarter. Mosaic Family Wealth LLC increased its position in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp increased its position in Expeditors International of Washington by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,960 shares of the transportation company’s stock worth $167,000 after buying an additional 193 shares in the last quarter. Creative Planning increased its position in Expeditors International of Washington by 15.2% in the first quarter. Creative Planning now owns 2,974 shares of the transportation company’s stock worth $168,000 after buying an additional 393 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock worth $196,000 after buying an additional 101 shares in the last quarter. 94.09% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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