FedEx (FDX) Given News Impact Score of 0.14
News headlines about FedEx (NYSE:FDX) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FedEx earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the shipping service provider an impact score of 40.2322712352372 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Amazon’s Next Step to Compete with Fedex and UPS, Per Morgan Stanley (barrons.com)
- Company faces fine after FedEx workers exposed to radiation (finance.yahoo.com)
- FedEx, UPS Want to Steer Santa’s Packages to the Local Drugstore (bloomberg.com)
- How FedEx Is Valued among Peers before Fiscal 2Q18 Earnings (marketrealist.com)
- FedEx forecasts another record peak holiday season (finance.yahoo.com)
FDX has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a $235.00 target price on shares of FedEx in a research note on Thursday, September 14th. Robert W. Baird restated a “buy” rating and set a $235.00 target price on shares of FedEx in a research note on Tuesday, September 12th. Cowen restated a “buy” rating and set a $240.00 target price on shares of FedEx in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $245.00 price target on shares of FedEx in a report on Wednesday, September 6th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of FedEx in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $235.21.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. During the same period in the previous year, the company posted $2.90 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. analysts anticipate that FedEx will post 12.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. FedEx’s payout ratio is presently 18.87%.
In other news, CEO Michael L. Ducker sold 14,964 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the transaction, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Donald F. Colleran sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,094 shares of company stock valued at $9,024,637. 8.45% of the stock is currently owned by insiders.
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FedEx 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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