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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced a semi-annual dividend on Wednesday, November 6th, 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 of this dividend is Monday, December 2nd.

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

Expeditors International of Washington Trading Down 2.1 %

EXPD stock traded down $2.61 during mid-day trading on Wednesday, reaching $119.41. The company’s stock had a trading volume of 3,120,079 shares, compared to its average volume of 1,221,327. Expeditors International of Washington has a 12 month low of $107.03 and a 12 month high of $131.59. The business’s 50 day moving average price is $122.56 and its 200 day moving average price is $121.29. The company has a market cap 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 (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. Expeditors International of Washington’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. As a group, equities analysts expect that Expeditors International of Washington will post 5.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXPD. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America boosted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.