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

by · The Markets Daily

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

Expeditors International of Washington Trading Up 0.4 %

Expeditors International of Washington stock traded up $0.53 during mid-day trading on Thursday, reaching $119.94. The company’s stock had a trading volume of 1,384,728 shares, compared to its average volume of 1,222,084. Expeditors International of Washington has a twelve month low of $110.01 and a twelve month high of $131.59. The business has a 50 day moving average price of $122.50 and a 200-day moving average price of $121.28. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 5.08 and a beta of 0.98.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on EXPD. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America upped 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. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.00.

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Expeditors International of Washington Company Profile

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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.

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