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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a semi-annual dividend on Tuesday, November 5th, Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.73 per share by the transportation company on Monday, December 16th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd.

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

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $119.41 on Thursday. The company’s fifty day moving average is $122.50 and its two-hundred day moving average is $121.28. Expeditors International of Washington has a 1-year low of $107.03 and a 1-year high of $131.59. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.30. 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Expeditors International of Washington’s quarterly revenue was up 37.0% on a year-over-year basis. Sell-side analysts expect that Expeditors International of Washington will post 5.04 EPS for the current fiscal year.

Analyst Ratings Changes

EXPD has been the topic of several recent research reports. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Bank of America raised their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $115.00.

About Expeditors International of Washington

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.