Headlines about Expeditors International of Washington (NASDAQ:EXPD) have been trending somewhat positive on Saturday, according to AlphaOne Sentiment. AlphaOne, a service of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Expeditors International of Washington earned a news impact score of 0.01 on AlphaOne’s scale. AlphaOne also assigned media coverage about the transportation company an impact score of 26 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted AlphaOne’s rankings:
- Short Interest in Expeditors International of Washington (EXPD) Declines By 8.4% (americanbankingnews.com)
- A Technical Look at This Dividend Stock: Expeditors International of Washington, Inc. (NasdaqGS:EXPD) – Geneva Journal (genevajournal.com)
- Expeditors International of Washington (EXPD) Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- The Expeditors International of Washington (EXPD) Position Lowered by Bbva Compass Bancshares Inc. – BangaloreWeekly (bangaloreweekly.com)
- Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Ticks -2.45% – Concord Register (concordregister.com)
Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.27% on Friday, hitting $52.75. The stock had a trading volume of 1,145,375 shares. The company has a market capitalization of $9.50 billion, a P/E ratio of 22.54 and a beta of 0.64. The firm has a 50 day moving average price of $55.11 and a 200 day moving average price of $54.31. Expeditors International of Washington has a one year low of $46.48 and a one year high of $57.75.
Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts predict that Expeditors International of Washington will post $2.36 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.42 dividend. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.40. Expeditors International of Washington’s dividend payout ratio is currently 33.90%.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday. Vertical Research reissued a “hold” rating and issued a $63.00 price objective on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Wells Fargo & Co assumed coverage on Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating on the stock. Credit Suisse Group AG reissued an “underperform” rating and issued a $53.00 price objective (up previously from $52.00) on shares of Expeditors International of Washington in a research note on Monday, March 6th. Finally, Cowen and Company reissued a “market perform” rating and issued a $57.00 price objective (up previously from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.20.
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In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,274 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $56.62, for a total value of $72,133.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Malone sold 22,000 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $56.09, for a total transaction of $1,233,980.00. Following the completion of the sale, the director now directly owns 22,402 shares of the company’s stock, valued at $1,256,528.18. The disclosure for this sale can be found here. Insiders sold a total of 41,635 shares of company stock worth $2,339,698 in the last 90 days. 0.86% of the stock is currently owned by company insiders.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
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