FedEx Corporation (FDX) to Release Earnings on Tuesday
FedEx Corporation (NYSE:FDX) is scheduled to release its earnings data 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The firm had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter last year, the company posted $3.30 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, analysts expect FedEx Corporation to post $13.48 EPS for the current fiscal year and $15.43 EPS for the next fiscal year.
FedEx Corporation (FDX) opened at 214.83 on Monday. FedEx Corporation has a one year low of $158.20 and a one year high of $219.99. The company’s 50 day moving average is $209.74 and its 200 day moving average is $201.96. The stock has a market cap of $57.63 billion, a PE ratio of 19.41 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.08%.
FDX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Tuesday, May 23rd. Vetr cut shares of FedEx Corporation to a “sell” rating and set a $204.84 price target for the company. in a research note on Thursday, August 31st. J P Morgan Chase & Co reiterated an “overweight” rating and set a $237.00 price target on shares of FedEx Corporation in a research note on Wednesday, June 21st. Credit Suisse Group increased their price target on shares of FedEx Corporation from $225.00 to $237.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. Finally, Cowen and Company reiterated an “outperform” rating and set a $240.00 price target on shares of FedEx Corporation in a research note on Wednesday, June 21st. 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 stock. FedEx Corporation presently has an average rating of “Buy” and an average target price of $223.85.
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In other FedEx Corporation news, CEO David L. Cunningham, Jr. sold 17,565 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the completion of the transaction, the chief executive officer now directly owns 29,148 shares in the company, valued at approximately $6,150,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim Jabal sold 609 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $216.13, for a total transaction of $131,623.17. Following the transaction, the director now owns 2,100 shares of the company’s stock, valued at $453,873. The disclosure for this sale can be found here. Insiders have sold a total of 77,757 shares of company stock valued at $16,447,426 over the last 90 days. 8.45% of the stock is currently owned by insiders.
About FedEx Corporation
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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