Expeditors International of Washington (NASDAQ:EXPD) declared a Semi-Annual dividend on Tuesday, May 8th, Zacks reports. Investors of record on Friday, June 1st will be paid a dividend of 0.45 per share by the transportation company on Friday, June 15th. This represents a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 31st. This is a positive change from Expeditors International of Washington’s previous Semi-Annual dividend of $0.42.
Expeditors International of Washington has raised its dividend by an average of 9.5% annually over the last three years and has increased its dividend every year for the last 23 years. Expeditors International of Washington has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Expeditors International of Washington to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 25.3%.
Shares of NASDAQ EXPD traded up $0.02 during midday trading on Friday, reaching $73.81. 495,414 shares of the company traded hands, compared to its average volume of 1,345,622. The stock has a market cap of $12.89 billion, a PE ratio of 29.76, a PEG ratio of 3.00 and a beta of 0.70. Expeditors International of Washington has a 12 month low of $51.96 and a 12 month high of $74.22.
Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 8th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International of Washington had a return on equity of 24.84% and a net margin of 7.36%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. equities analysts forecast that Expeditors International of Washington will post 3.07 EPS for the current year.
A number of research analysts recently issued reports on EXPD shares. BidaskClub raised Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a report on Saturday, May 12th. Credit Suisse Group lifted their price target on Expeditors International of Washington from $63.00 to $67.00 and gave the company an “underperform” rating in a report on Wednesday, May 9th. Cowen lifted their price target on Expeditors International of Washington from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, May 9th. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $65.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, May 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price target (up from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.63.
In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 2,073 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $66.54, for a total transaction of $137,937.42. Following the completion of the sale, the insider now directly owns 10,126 shares of the company’s stock, valued at approximately $673,784.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 6,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $64.72, for a total value of $388,320.00. Following the sale, the director now directly owns 17,769 shares of the company’s stock, valued at $1,150,009.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,850 shares of company stock valued at $2,460,034 over the last three months. Company insiders own 0.99% of the company’s stock.
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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.
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