Analysts expect FedEx Co. (NYSE:FDX) to post $3.77 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have issued estimates for FedEx’s earnings, with the lowest EPS estimate coming in at $3.65 and the highest estimate coming in at $3.90. FedEx reported earnings of $2.51 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50.2%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, September 17th.

According to Zacks, analysts expect that FedEx will report full-year earnings of $17.31 per share for the current year, with EPS estimates ranging from $17.10 to $17.50. For the next financial year, analysts expect that the company will report earnings of $19.94 per share, with EPS estimates ranging from $18.65 to $20.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow FedEx.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 19th. The shipping service provider reported $5.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.72 by $0.19. The company had revenue of $17.31 billion during the quarter, compared to analysts’ expectations of $17.24 billion. FedEx had a return on equity of 23.17% and a net margin of 6.99%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.25 EPS.

FDX has been the subject of several analyst reports. Citigroup upped their target price on FedEx from $274.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, May 16th. Zacks Investment Research upgraded FedEx from a “hold” rating to a “buy” rating and set a $282.00 target price for the company in a report on Wednesday, May 30th. Morgan Stanley upped their target price on FedEx from $240.00 to $248.00 and gave the company an “equal weight” rating in a report on Monday, June 4th. Oppenheimer upped their target price on FedEx from $282.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, June 14th. Finally, Credit Suisse Group upped their target price on FedEx from $306.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $283.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roof Eidam & Maycock ADV lifted its stake in FedEx by 4.4% during the 1st quarter. Roof Eidam & Maycock ADV now owns 4,981 shares of the shipping service provider’s stock worth $1,196,000 after acquiring an additional 210 shares in the last quarter. D.B. Root & Company LLC lifted its stake in FedEx by 7.6% during the 2nd quarter. D.B. Root & Company LLC now owns 2,964 shares of the shipping service provider’s stock worth $673,000 after acquiring an additional 210 shares in the last quarter. SevenBridge Financial Group LLC lifted its stake in FedEx by 4.9% during the 1st quarter. SevenBridge Financial Group LLC now owns 4,527 shares of the shipping service provider’s stock worth $1,087,000 after acquiring an additional 213 shares in the last quarter. NBT Bank N A NY lifted its stake in FedEx by 15.1% during the 1st quarter. NBT Bank N A NY now owns 1,636 shares of the shipping service provider’s stock worth $393,000 after acquiring an additional 215 shares in the last quarter. Finally, Elite Wealth Management Inc. lifted its stake in FedEx by 8.1% during the 1st quarter. Elite Wealth Management Inc. now owns 2,975 shares of the shipping service provider’s stock worth $714,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

NYSE:FDX traded down $3.04 during trading hours on Wednesday, hitting $241.76. The company had a trading volume of 1,483,099 shares, compared to its average volume of 1,421,084. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 0.79. The stock has a market cap of $64.92 billion, a P/E ratio of 15.79, a PEG ratio of 1.11 and a beta of 1.43. FedEx has a 1 year low of $203.13 and a 1 year high of $274.66.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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