Expeditors International of Washington (NASDAQ:EXPD) Releases Earnings Results, Beats Estimates By $0.30 EPS

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

Expeditors International of Washington Trading Up 0.7 %

Shares of EXPD stock traded up $0.78 on Friday, hitting $120.77. The stock had a trading volume of 417,220 shares, compared to its average volume of 1,218,378. Expeditors International of Washington has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a market cap of $17.04 billion, a P/E ratio of 25.74, a PEG ratio of 5.08 and a beta of 0.98. The company has a fifty day moving average price of $122.45 and a two-hundred day moving average price of $121.27.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lifted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.