Q3 2024 EPS Estimates for Expeditors International of Washington, Inc. (NASDAQ:EXPD) Cut by Analyst

Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) – Equities researchers at Zacks Research cut their Q3 2024 EPS estimates for Expeditors International of Washington in a research note issued to investors on Tuesday, May 28th. Zacks Research analyst R. Department now anticipates that the transportation company will post earnings of $1.22 per share for the quarter, down from their prior forecast of $1.23. The consensus estimate for Expeditors International of Washington’s current full-year earnings is $4.84 per share. Zacks Research also issued estimates for Expeditors International of Washington’s Q4 2024 earnings at $1.25 EPS, FY2024 earnings at $4.80 EPS, Q2 2025 earnings at $1.33 EPS and Q1 2026 earnings at $1.17 EPS.

Other equities analysts have also issued reports about the stock. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research report on Tuesday, May 14th. Susquehanna raised their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Bank of America initiated coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.25.

Get Our Latest Stock Report on EXPD

Expeditors International of Washington Stock Performance

EXPD opened at $120.19 on Thursday. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 6.50 and a beta of 1.00. The firm’s 50-day simple moving average is $117.01 and its 200-day simple moving average is $121.03. Expeditors International of Washington has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue was down 14.9% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, June 3rd. Expeditors International of Washington’s payout ratio is presently 29.24%.

Insider Buying and Selling

In related news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Expeditors International of Washington

Large investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC lifted its holdings in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after acquiring an additional 80 shares during the last quarter. IMPACTfolio LLC increased its position in Expeditors International of Washington by 4.4% in the 4th quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after acquiring an additional 82 shares during the period. Wealthsource Partners LLC raised its stake in shares of Expeditors International of Washington by 3.3% during the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 95 shares during the last quarter. Cape ANN Savings Bank grew its stake in shares of Expeditors International of Washington by 2.9% in the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares during the last quarter. Finally, SkyOak Wealth LLC increased its holdings in Expeditors International of Washington by 3.9% in the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Expeditors International of Washington (NASDAQ:EXPD)

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