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

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a semi-annual dividend on Tuesday, November 5th,Wall Street Journal reports. Investors 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 raised its dividend by an average of 10.3% annually over the last three years and has increased its dividend annually for the last 30 consecutive years.

Expeditors International of Washington Stock Performance

EXPD opened at $121.64 on Friday. Expeditors International of Washington has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a market cap of $17.03 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 3.44 and a beta of 0.98. The firm’s fifty day moving average is $121.71 and its two-hundred day moving average is $121.89.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share. Equities analysts forecast that Expeditors International of Washington will post 5.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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 report on Wednesday, November 6th. TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $118.44.

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.