Expeditors International of Washington (NASDAQ:EXPD) Issues Earnings Results, Beats Estimates By $0.38 EPS

Expeditors International of Washington (NASDAQ:EXPD) announced its earnings results on Tuesday. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38, Briefing.com reports. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share.

Expeditors International of Washington Stock Down 1.0%

Shares of EXPD stock traded down $1.50 during trading hours on Wednesday, hitting $151.59. 280,508 shares of the company’s stock traded hands, compared to its average volume of 1,429,213. The stock’s 50 day simple moving average is $145.25 and its 200 day simple moving average is $146.49. The stock has a market cap of $20.16 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington has a 12 month low of $106.22 and a 12 month high of $167.19.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPD shares. Barclays upped their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $135.70.

Hedge Funds Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Expeditors International of Washington by 778.3% in the third quarter. Larson Financial Group LLC now owns 1,985 shares of the transportation company’s stock valued at $243,000 after buying an additional 1,759 shares during the period. GM Advisory Group LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at $243,000. Quantessence Capital LLC bought a new stake in Expeditors International of Washington in the third quarter valued at $231,000. Bridgefront Capital LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at $221,000. Finally, Faithward Advisors LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at $218,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Trending Headlines about Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Q1 beat: Expeditors reported EPS of $1.71 vs. the $1.33 consensus and revenue up ~4.4% year-over-year; airfreight tonnage rose ~5% and margins improved, supporting near-term profitability. EXPD Q1 Earnings & Revenues Top Estimates on Airfreight Strength
• Positive Sentiment: Dividend hike & capital returns: Management boosted the dividend and emphasized capital returns, signaling confidence in cash flow and shareholder returns (dividend announced at $0.81/share). Expeditors International Boosts Dividend, Highlights Capital Returns
• Neutral Sentiment: Dividend logistics: Company set a $0.81/share dividend with record date June 1 and payable June 15 (ex-dividend June 1). Investors should confirm payout timing and the company press release for details.
• Negative Sentiment: Operational note: Management flagged a late?quarter disruption; while margins improved overall, this represents a near-term execution risk that could affect volumes if similar disruptions recur. EXPD Q1 Earnings & Revenues Top Estimates on Airfreight Strength

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.