Zacks Research Analysts Increase Earnings Estimates for EXPD

Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Expeditors International of Washington in a report issued on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $5.35 per share for the year, up from their previous forecast 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.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 EPS. The business’s quarterly revenue was up 37.0% on a year-over-year basis.

Several other research analysts have also commented on EXPD. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Barclays raised their price target on 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 upped their price objective on 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average price target of $118.44.

Expeditors International of Washington Price Performance

EXPD stock opened at $121.25 on Thursday. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 3.51 and a beta of 0.98. Expeditors International of Washington has a 1-year low of $111.20 and a 1-year high of $131.59. The firm has a fifty day moving average price of $121.84 and a two-hundred day moving average price of $121.90.

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. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is currently 28.46%.

Institutional Investors Weigh In On Expeditors International of Washington

Several institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in shares of Expeditors International of Washington by 27.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,463 shares of the transportation company’s stock worth $178,000 after buying an additional 319 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Expeditors International of Washington by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 195,172 shares of the transportation company’s stock worth $23,728,000 after purchasing an additional 2,724 shares in the last quarter. Janus Henderson Group PLC lifted its position in Expeditors International of Washington by 9.0% in the first quarter. Janus Henderson Group PLC now owns 27,573 shares of the transportation company’s stock worth $3,352,000 after purchasing an additional 2,288 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Expeditors International of Washington by 22.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,917 shares of the transportation company’s stock valued at $334,000 after purchasing an additional 541 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Expeditors International of Washington by 2.8% during the 1st quarter. California State Teachers Retirement System now owns 271,051 shares of the transportation company’s stock valued at $32,952,000 after purchasing an additional 7,491 shares during the period. Institutional investors and hedge funds 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.