Expeditors International of Washington, Inc. (EXPD) to Issue Dividend of $0.81 on June 15th

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a dividend on Monday, May 4th. Investors of record on Monday, June 1st will be given a dividend of 0.81 per share by the transportation company on Monday, June 15th. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st.

Expeditors International of Washington has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 31 years.

Expeditors International of Washington Price Performance

EXPD stock opened at $158.44 on Friday. The company has a 50 day moving average price of $149.77 and a 200 day moving average price of $150.50. Expeditors International of Washington has a fifty-two week low of $109.90 and a fifty-two week high of $167.19. The stock has a market capitalization of $20.72 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the previous year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Expeditors International of Washington will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Truist Financial cut their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.