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Expeditors International of Washington Inc.

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Shares of Expeditors have outperformed its industry over the last six months. The company's performance with regard to its major divisions are encouraging. Its measures to reward shareholders through dividend payments and buybacks are also impressive. This May, the company announced a 7.1% hike in semi-annual cash dividend. We believe that the new tax law, enacted in December 2017, contributed to the shareholder-friendly measure. Expeditors' debt-free balance sheet is another positive. The positivity revolving around the stock is evident from the Zacks Consensus Estimate for second-quarter earnings being revised 2.6% upward in the last 60 days. However, rising operating expenses are a concern at Expeditors.


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