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Expeditors International of Washington Inc EXPD Stock Quote

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Morningstar‘s Stock Analysis EXPD

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Demand and Pricing Continue To Unwind in Expeditors’ Q3, but Margins Resilient

Matthew Young Senior Equity Analyst

Analyst Note

| Matthew Young |

Expeditors International's third-quarter gross revenue growth moderated materially to roughly 1% year over year, compared with a 37% increase on average in the first half and 72% for all of 2021. Revenue came in ahead of our expected run rate, likely due to fuel surcharge noise. Overall, stalling growth is not a surprise (even amid the peak season) as we've been expecting the air and ocean forwarding landscape to see more meaningful core-pricing normalization in the second half off pandemic-driven highs, due in part to diminishing carrier-capacity constraints. Recall air and ocean volumes have already been falling in recent quarters on easing retail sector inventory restocking and softening international export activity.

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Key Statistics EXPD

Company Profile EXPD

Business Description

Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2021, Expeditors derived 38% of consolidated net revenue from airfreight, 27% from ocean freight, and 35% from customs brokerage and other services.

1015 Third Avenue
Seattle, WA, 98104
Industry Integrated Freight & Logistics
Employees 19,000

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FAQs for Expeditors International of Washington Inc Stock

Yes. EXPD has a forward dividend yield of 1.25%. See EXPD’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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EXPD’s market cap is 17.16 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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EXPD’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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EXPD’s price/sales is 0.95.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

EXPD’s price/forward earnings is 17.12.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

EXPD’s price/book is 4.92.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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EXPD’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

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