Expeditors International of Washington, Inc. Declares Semi-annual Dividend of $0.73 (NASDAQ:EXPD)

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a semi-annual dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, December 2nd will be paid 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 is Monday, December 2nd.

Expeditors International of Washington has increased its dividend by an average of 10.3% per year over the last three years and has increased its dividend annually for the last 30 consecutive years.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $2.61 during mid-day trading on Wednesday, reaching $119.41. 3,120,079 shares of the company traded hands, compared to its average volume of 1,221,328. The firm’s fifty day moving average is $122.56 and its two-hundred day moving average is $121.29. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 5.03 and a beta of 0.98. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (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 company had revenue of $3 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. As a group, equities research analysts predict that Expeditors International of Washington will post 5.04 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on EXPD. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen upped their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday. Finally, Bank of America lifted their price target 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. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock 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.