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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced a semi-annual dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, December 2nd will be given 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 raised its dividend by an average of 10.3% annually over the last three years and has raised its dividend every year for the last 30 years.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $119.41 on Thursday. Expeditors International of Washington has a 1-year low of $107.03 and a 1-year high of $131.59. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. The firm has a 50 day simple moving average of $122.50 and a 200-day simple moving average of $121.28.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the business posted $1.16 EPS. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts expect that Expeditors International of Washington will post 5.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on EXPD. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday. Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America increased their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $115.00.

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.