What is Zacks Research's Estimate for EXPD FY2024 Earnings?

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) - Stock analysts at Zacks Research raised their FY2024 EPS estimates for shares of 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 per share of $5.35 for the year, up from their previous 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.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same period last year, the company earned $1.16 earnings per share. The company's quarterly revenue was up 37.0% on a year-over-year basis.

EXPD has been the topic of a number of other reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen lifted their price target 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 lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Price Performance

EXPD stock traded down $0.40 during midday trading on Thursday, reaching $121.25. 659,463 shares of the company's stock traded hands, compared to its average volume of 1,217,775. The company has a market capitalization of $16.97 billion, a P/E ratio of 23.64, a PEG ratio of 3.51 and a beta of 0.98. Expeditors International of Washington has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The business has a 50-day moving average price of $121.80 and a two-hundred day moving average price of $121.89.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. 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 Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the third quarter worth $26,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the second quarter worth $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the second quarter worth $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington in the second quarter worth $52,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington during the third quarter valued at $57,000. 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.