FedEx Corporation (NYSE:FDX) will post its quarterly earnings results after the market closes on Tuesday, September 19th. Analysts expect FedEx Corporation to post earnings of $3.20 per share for the quarter. FedEx Corporation has set its FY18 guidance at $13.20-14.00 EPS.
FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion during the quarter, compared to the consensus estimate of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. FedEx Corporation’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. On average, analysts expect FedEx Corporation to post $13.63 EPS for the current fiscal year and $15.34 EPS for the next fiscal year.
FedEx Corporation (NYSE:FDX) opened at 214.83 on Friday. FedEx Corporation has a one year low of $159.55 and a one year high of $219.99. The company has a market cap of $57.63 billion, a P/E ratio of 19.41 and a beta of 1.28. The company has a 50-day moving average of $209.74 and a 200 day moving average of $201.96.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. FedEx Corporation’s payout ratio is 18.08%.
In other news, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total value of $3,706,215.00. Following the transaction, the chief executive officer now directly owns 29,148 shares in the company, valued at approximately $6,150,228. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kim Jabal sold 609 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $216.13, for a total transaction of $131,623.17. Following the completion of the transaction, the director now owns 2,100 shares in the company, valued at $453,873. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock worth $16,447,426 over the last quarter. 8.45% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on the stock. Credit Suisse Group lifted their price objective on shares of FedEx Corporation from $237.00 to $242.00 and gave the company an “outperform” rating in a report on Friday. UBS AG cut shares of FedEx Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $235.00 to $233.00 in a research note on Friday. Citigroup Inc. reissued a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Thursday. Robert W. Baird reissued a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Tuesday, September 12th. Finally, Cowen and Company reissued a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $223.85.
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FedEx Corporation Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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