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

Expeditors International of Washington (NASDAQ:EXPD) posted its earnings results on Tuesday. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 posted $1.16 EPS. The firm’s revenue was up 37.0% compared to the same quarter last year.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $0.41 during trading hours on Thursday, reaching $119.82. The stock had a trading volume of 333,641 shares, compared to its average volume of 1,217,218. The stock has a market cap of $16.91 billion, a PE ratio of 25.62, a PEG ratio of 5.08 and a beta of 0.98. Expeditors International of Washington has a 52 week low of $110.01 and a 52 week high of $131.59. The company has a fifty day simple moving average of $122.50 and a 200-day simple moving average of $121.28.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research report on Wednesday. Barclays raised 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 report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America increased their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Five 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, the stock currently has a consensus rating of “Hold” and an average 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.