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

Expeditors International of Washington (NASDAQ:EXPD) released its quarterly earnings results on Tuesday. The transportation company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.43, Briefing.com reports. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. During the same period in the previous year, the business posted $1.64 earnings per share. The firm’s revenue was up 41.9% on a year-over-year basis.

Expeditors International of Washington Stock Down 3.3%

Shares of EXPD stock traded down $6.55 during trading hours on Thursday, hitting $191.14. 575,383 shares of the company were exchanged, compared to its average volume of 1,271,206. The firm has a market cap of $24.85 billion, a PE ratio of 33.44, a PEG ratio of 5.00 and a beta of 1.07. The firm has a fifty day moving average of $192.46 and a 200 day moving average of $167.63. Expeditors International of Washington has a 1 year low of $129.59 and a 1 year high of $207.93.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a dividend yield of 79.0%. Expeditors International of Washington’s dividend payout ratio is currently 23.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXPD. JPMorgan Chase & Co. raised their price objective on Expeditors International of Washington from $214.00 to $220.00 and gave the company a “neutral” rating in a report on Wednesday. Truist Financial boosted their price target on shares of Expeditors International of Washington from $175.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Barclays lifted their target price on Expeditors International of Washington from $165.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, UBS Group raised their price objective on shares of Expeditors International of Washington from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $181.27.

More Expeditors International of Washington News

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Expeditors reported a strong third quarter: EPS rose 61.6% and beat estimates, with airfreight demand, recovering ocean volumes and customs activity contributing to growth. Revenue increased 41.9% year over year. Zacks earnings report
• Positive Sentiment: UBS raised its price target from $220 to $245 and maintained a Buy rating, signaling greater potential upside in its view. UBS price-target update
• Positive Sentiment: Zacks added EXPD to its Rank #1 (Strong Buy) list, another favorable signal for near-term sentiment. Zacks Strong Buy list
• Neutral Sentiment: JPMorgan lifted its target from $214 to $220 but kept a Neutral rating; Truist also raised its target and maintained Hold. These increases are constructive but stop short of a bullish recommendation. JPMorgan price-target update
• Neutral Sentiment: The company declared a $0.81-per-share semiannual cash dividend, payable December 15 to shareholders of record December 1. Dividend announcement
• Negative Sentiment: Barclays raised its target from $165 to $175 but retained an Underweight rating, leaving its estimate below the recent share price and highlighting continued analyst caution. Barclays rating

About Expeditors International of Washington

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.