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 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 is Monday, December 2nd.

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

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $2.61 on Wednesday, hitting $119.41. 3,120,079 shares of the stock traded hands, compared to its average volume of 1,221,328. Expeditors International of Washington has a 52 week low of $107.03 and a 52 week high of $131.59. The firm has a 50 day simple moving average of $122.56 and a two-hundred day simple moving average of $121.29. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 37.0% on a year-over-year basis. Sell-side analysts forecast that Expeditors International of Washington will post 5.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EXPD shares. Barclays boosted their target price 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 research note on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the stock 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.