Zacks Research Issues Optimistic Forecast for EXPD Earnings

Expeditors International of Washington, Inc. (NASDAQ:EXPD) – Equities research analysts at Zacks Research raised 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 forecasts that the transportation company will post earnings per share of $5.35 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 $5.43 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.

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

Expeditors International of Washington Stock Up 0.3 %

NASDAQ:EXPD opened at $121.64 on Thursday. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.44 and a beta of 0.98. The company’s 50 day moving average price is $121.71 and its 200-day moving average price is $121.89. Expeditors International of Washington has a 52 week low of $111.20 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its position in shares of Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after buying an additional 399,800 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Expeditors International of Washington by 581.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Dividend Announcement

The firm also recently announced 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 yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

About Expeditors International of Washington

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.