FedEx (NYSE:FDX - Get Rating) is scheduled to issue its quarterly earnings data on Tuesday, December 20th.
FedEx (NYSE:FDX - Get Rating) last issued its quarterly earnings data on Thursday, September 22nd. The shipping service provider reported $3.44 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.01. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.78 billion. FedEx had a return on equity of 20.95% and a net margin of 3.79%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $4.37 EPS. On average, analysts expect FedEx to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.
FedEx Price Performance
Shares of FedEx stock opened at $171.72 on Monday. The company has a market cap of $44.68 billion, a PE ratio of 12.68, a P/E/G ratio of 1.01 and a beta of 1.33. The business has a 50 day moving average of $166.30 and a 200 day moving average of $195.62. FedEx has a 52 week low of $141.92 and a 52 week high of $266.79. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 0.79.
FedEx Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, December 9th. FedEx's dividend payout ratio (DPR) is presently 33.97%.
Insider Transactions at FedEx
In other news, Director R Brad Martin bought 1,500 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average price of $143.41 per share, for a total transaction of $215,115.00. Following the purchase, the director now owns 750 shares in the company, valued at $107,557.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.62% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in shares of FedEx by 7.6% during the third quarter. Captrust Financial Advisors now owns 119,868 shares of the shipping service provider's stock worth $17,797,000 after acquiring an additional 8,452 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of FedEx by 5.2% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,567 shares of the shipping service provider's stock valued at $1,272,000 after purchasing an additional 421 shares during the last quarter. Kentucky Retirement Systems grew its position in shares of FedEx by 5.7% during the third quarter. Kentucky Retirement Systems now owns 18,713 shares of the shipping service provider's stock valued at $2,778,000 after purchasing an additional 1,016 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of FedEx by 2.9% in the third quarter. Baird Financial Group Inc. now owns 95,239 shares of the shipping service provider's stock worth $14,140,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of FedEx by 108.7% in the third quarter. Kingsview Wealth Management LLC now owns 5,306 shares of the shipping service provider's stock worth $788,000 after buying an additional 2,764 shares in the last quarter. 71.62% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
FDX has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on FedEx from $192.00 to $184.00 in a research note on Thursday, December 8th. Evercore ISI dropped their target price on shares of FedEx from $243.00 to $225.00 and set an "outperform" rating on the stock in a research note on Friday, September 23rd. Jefferies Financial Group assumed coverage on shares of FedEx in a research report on Monday, October 24th. They set a "hold" rating and a $170.00 price target for the company. Berenberg Bank set a $190.00 price objective on FedEx in a research report on Monday, September 26th. Finally, BMO Capital Markets reduced their target price on FedEx from $215.00 to $190.00 and set a "market perform" rating for the company in a report on Friday, September 23rd. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.52.
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to EMAIL.
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here