Expeditors International of Washington (NASDAQ:EXPD) Announces Earnings Results

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

Expeditors International of Washington Trading Up 0.8 %

NASDAQ:EXPD traded up $0.90 on Friday, hitting $120.89. 405,526 shares of the stock were exchanged, compared to its average volume of 1,218,324. The stock has a market cap of $17.06 billion, a PE ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98. The stock has a fifty day moving average of $122.45 and a 200-day moving average of $121.27. Expeditors International of Washington has a fifty-two week low of $111.20 and a fifty-two week high of $131.59.

Expeditors International of Washington Announces Dividend

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

Wall Street Analysts Forecast Growth

EXPD has been the topic of several recent research reports. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research report on Wednesday. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.