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

Expeditors International of Washington (NASDAQ:EXPD) released its earnings results on Tuesday. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07, Briefing.com reports. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was down 14.9% compared to the same quarter last year.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $116.98 on Friday. The firm has a 50-day moving average of $117.67 and a 200-day moving average of $120.33. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 8.49 and a beta of 1.00. Expeditors International of Washington has a one year low of $107.03 and a one year high of $131.17.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.73 dividend. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington’s payout ratio is presently 27.60%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna raised their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a report on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Bank of America assumed coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price on the stock. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $112.13.

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.