Investment Analysts’ Recent Ratings Updates for Expeditors International of Washington (EXPD)

A number of firms have modified their ratings and price targets on shares of Expeditors International of Washington (NASDAQ: EXPD) recently:

  • 5/30/2019 – Expeditors International of Washington is now covered by analysts at Loop Capital. They set a “hold” rating on the stock.
  • 5/27/2019 – Expeditors International of Washington was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $75.00 price target on the stock. According to Zacks, “Expeditors' measures to reward shareholders thorugh dividends and share buybacks are encouraging. Notably, this May, the company announced an 11.1% hike in semi-annual cash dividend to 50 cents per share. Also, during the first quarter of 2019, the company repurchased 0.6 million shares at an average price of $75.4 per share. The company's sound balance sheet is another positive. Additionally, the global airfreight forwarding market offers significant commercial potential in the long term. However, given the compay's exposure to China, the trade tensions between the former and the United States is a major cause for concern. Softness in airfreight tonnage volumes in the first quarter is also worrisome. Further high operating expenses might affect bottom-line growth. Shares of the company have underperformed its industry so far in 2019.”
  • 5/20/2019 – Expeditors International of Washington was given a new $73.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 5/17/2019 – Expeditors International of Washington had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 5/15/2019 – Expeditors International of Washington was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Expeditors have underperformed its industry on a year-to-date basis. Adding to its woes, the company reported lower-than-expected earnings in first-quarter 2019. Results were hurt by the airfreight services division’s below-par performance. Airfreight tonnage volume contracted 4% in the first quarter. The company stated that its airfreight business was "challenged". In fact, segmental sales decreased due to low export volumes from North Asia. However, the bottom line improved on a year-over-year basis. This upside was owing to higher revenues and a lower effective tax rate. Effective tax rate declined to 28.3% in the first quarter from 31.1% a year ago. The company's decision to raise its semi-annual cash dividend by 11.1% to 50 cents per share is an added positive. Expeditors is also active on the share buyback front.”
  • 5/9/2019 – Expeditors International of Washington was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/8/2019 – Expeditors International of Washington had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $76.00 price target on the stock, down previously from $78.00.
  • 5/1/2019 – Expeditors International of Washington was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/3/2019 – Expeditors International of Washington was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ:EXPD opened at $70.30 on Friday. The firm has a market cap of $12.18 billion, a P/E ratio of 20.20 and a beta of 0.82. Expeditors International of Washington has a one year low of $62.90 and a one year high of $80.69. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.14.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.05). The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.99 billion. Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. As a group, analysts forecast that Expeditors International of Washington will post 3.47 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.50 per share. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.45. This represents a yield of 1.35%. The ex-dividend date is Friday, May 31st. Expeditors International of Washington’s dividend payout ratio is presently 25.86%.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,960 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $77.09, for a total value of $151,096.40. Following the sale, the vice president now owns 12,848 shares of the company’s stock, valued at approximately $990,452.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel R. Wall sold 9,109 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $75.25, for a total transaction of $685,452.25. Following the completion of the sale, the insider now directly owns 40,079 shares in the company, valued at approximately $3,015,944.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,665 shares of company stock valued at $1,182,949. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Utah Retirement Systems increased its holdings in Expeditors International of Washington by 0.5% in the 1st quarter. Utah Retirement Systems now owns 32,500 shares of the transportation company’s stock valued at $2,467,000 after buying an additional 153 shares during the period. Mason Street Advisors LLC increased its holdings in Expeditors International of Washington by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 24,491 shares of the transportation company’s stock valued at $1,859,000 after buying an additional 158 shares during the period. Ronna Sue Cohen increased its holdings in Expeditors International of Washington by 4.3% in the 1st quarter. Ronna Sue Cohen now owns 3,911 shares of the transportation company’s stock valued at $297,000 after buying an additional 160 shares during the period. Wetherby Asset Management Inc. increased its holdings in Expeditors International of Washington by 2.3% in the 4th quarter. Wetherby Asset Management Inc. now owns 7,426 shares of the transportation company’s stock valued at $505,000 after buying an additional 167 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Expeditors International of Washington by 2.1% in the 4th quarter. Mackenzie Financial Corp now owns 8,341 shares of the transportation company’s stock valued at $568,000 after buying an additional 169 shares during the period. 92.38% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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