Expeditors International of Washington (NASDAQ:EXPD) Issues Quarterly Earnings Results

Expeditors International of Washington (NASDAQ:EXPD) released its quarterly earnings results on Tuesday. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30, Briefing.com reports. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share.

Expeditors International of Washington Stock Up 0.8 %

Shares of Expeditors International of Washington stock traded up $0.90 during trading on Friday, reaching $120.89. The company’s stock had a trading volume of 405,526 shares, compared to its average volume of 1,218,324. The business has a 50 day moving average price of $122.45 and a 200-day moving average price of $121.27. The company has a market capitalization of $17.06 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. Expeditors International of Washington has a 12-month low of $111.20 and a 12-month high of $131.59.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 31.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXPD. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Bank of America boosted their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $115.00.

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.