Expeditors International of Washington, Inc. (EXPD) to Issue Semi-annual Dividend of $0.73 on December 16th

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a semi-annual dividend on Tuesday, November 5th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.73 per share by the transportation company on Monday, December 16th. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd.

Expeditors International of Washington has increased its dividend by an average of 10.3% annually over the last three years and has raised its dividend annually for the last 30 consecutive years.

Expeditors International of Washington Stock Up 0.3 %

Shares of Expeditors International of Washington stock opened at $121.64 on Friday. The stock has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.44 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. The company has a 50-day simple moving average of $121.71 and a 200 day simple moving average of $121.89.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s quarterly 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. On average, equities analysts anticipate that Expeditors International of Washington will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

EXPD has been the topic of several research analyst reports. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $118.44.

About Expeditors International of Washington

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.