Zacks Research Brokers Increase Earnings Estimates for EXPD

Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Analysts at Zacks Research increased their FY2024 EPS estimates for shares of Expeditors International of Washington in a research note issued on Tuesday, November 26th. Zacks Research analyst R. Department now expects that the transportation company will earn $5.35 per share for the year, up from their prior estimate 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.

Several other equities research analysts also recently commented on the stock. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen upped their price objective 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. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Finally, Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $121.25 on Thursday. The stock’s fifty day simple moving average is $121.80 and its 200 day simple moving average is $121.89. Expeditors International of Washington has a one year low of $111.20 and a one year high of $131.59. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 3.51 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 analyst estimates of $2.47 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue was up 37.0% compared to the same quarter last year.

Expeditors International of Washington Dividend Announcement

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

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Black Diamond Financial LLC increased its stake in shares of Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 89 shares during the last quarter. Blair William & Co. IL increased its stake in Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock worth $730,000 after purchasing an additional 104 shares during the period. Values First Advisors Inc. boosted its position in shares of Expeditors International of Washington by 0.7% during the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after purchasing an additional 112 shares in the last quarter. Finally, Lindenwold Advisors INC grew its holdings in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after buying an additional 114 shares during the period. Institutional investors own 94.02% of the company’s stock.

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.