Zacks Research Issues Optimistic Forecast for EXPD Earnings

Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Stock analysts at Zacks Research upped their FY2024 earnings estimates for shares of Expeditors International of Washington in a note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $5.35 per share for the year, up from their prior forecast of $4.97. The consensus estimate for Expeditors International of Washington’s current full-year earnings is $5.37 per share. Zacks Research also issued estimates for Expeditors International of Washington’s Q4 2024 earnings at $1.31 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $5.13 EPS and Q3 2026 earnings at $1.07 EPS.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. 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 research note on Wednesday, November 6th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Down 0.3 %

Shares of NASDAQ EXPD opened at $121.25 on Thursday. The stock’s fifty day simple moving average is $121.84 and its 200 day simple moving average is $121.90. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.51 and a beta of 0.98. Expeditors International of Washington has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Institutional Trading of Expeditors International of Washington

A number of institutional investors have recently bought and sold shares of EXPD. Two Sigma Advisers LP raised its stake in shares of Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after purchasing an additional 399,800 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Expeditors International of Washington by 2,286.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares during the last quarter. International Assets Investment Management LLC grew its position in Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after acquiring an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Expeditors International of Washington by 12.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock worth $315,485,000 after acquiring an additional 257,791 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Expeditors International of Washington

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.