Expeditors International of Washington (NASDAQ:EXPD) declared a Semi-Annual dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.50 per share by the transportation company on Monday, December 16th. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.45.
NASDAQ EXPD opened at $76.02 on Wednesday. The business’s 50 day moving average price is $74.89 and its 200-day moving average price is $73.62. The company has a market cap of $12.86 billion, a P/E ratio of 21.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.34 and a current ratio of 2.34. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $81.15.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. Expeditors International of Washington’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, equities analysts predict that Expeditors International of Washington will post 3.51 EPS for the current year.
EXPD has been the topic of several research analyst reports. Barclays downgraded Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $78.00 to $72.00 in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. UBS Group set a $67.00 price objective on Expeditors International of Washington and gave the company a “sell” rating in a research report on Wednesday, August 7th. Credit Suisse Group upped their price objective on Expeditors International of Washington from $67.00 to $70.00 and gave the company an “underperform” rating in a research report on Wednesday, November 6th. BidaskClub downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Saturday, November 2nd. Finally, Cowen reiterated a “hold” rating and issued a $78.00 target price on shares of Expeditors International of Washington in a report on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $72.40.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.
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