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Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
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Brazil holds historic election with Lula against Bolsonaro
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Tesla sales bounce back in Q3 but fall short of estimates
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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears

FedEx (NYSE:FDX) Releases Q1 2023 Earnings Guidance

FedEx (NYSE:FDX - Get Rating) issued an update on its first quarter 2023 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.44-$3.44 for the period, compared to the consensus estimate of $5.14. The company issued revenue guidance of $23.20 billion-$23.20 billion, compared to the consensus revenue estimate of $23.58 billion. FedEx also updated its Q2 2023 guidance to $2.75- EPS.

FedEx Stock Performance

FDX opened at $149.99 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.42 and a quick ratio of 1.38. The company has a market capitalization of $39.03 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.78 and a beta of 1.21. The business's 50-day moving average price is $210.12 and its two-hundred day moving average price is $214.59. FedEx has a 1 year low of $141.92 and a 1 year high of $266.79.

FedEx (NYSE:FDX - Get Rating) last announced its earnings results on Thursday, September 22nd. The shipping service provider reported $3.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.14 by ($1.70). FedEx had a net margin of 3.79% and a return on equity of 20.95%. The firm had revenue of $23.20 billion during the quarter, compared to analyst estimates of $23.78 billion. During the same period in the prior year, the business posted $4.37 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that FedEx will post 15.45 EPS for the current fiscal year.

FedEx Announces Dividend


The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, September 1st. FedEx's payout ratio is 33.97%.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. Stifel Nicolaus downgraded shares of FedEx from a buy rating to a hold rating and reduced their price objective for the stock from $288.00 to $195.00 in a research note on Friday, September 16th. Wells Fargo & Company reduced their price target on FedEx from $269.00 to $199.00 and set an overweight rating for the company in a research report on Friday, September 16th. JPMorgan Chase & Co. set a $192.00 price target on FedEx in a research report on Friday, September 23rd. Barclays cut their price objective on FedEx from $320.00 to $240.00 and set an overweight rating for the company in a report on Monday, September 19th. Finally, Morgan Stanley lowered their target price on shares of FedEx from $250.00 to $125.00 and set an equal weight rating on the stock in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $215.50.

Insider Transactions at FedEx

In other news, Director R Brad Martin bought 1,500 shares of the company's stock in a transaction dated Monday, September 26th. The stock was bought at an average price of $143.41 per share, with a total value of $215,115.00. Following the completion of the acquisition, the director now owns 750 shares of the company's stock, valued at $107,557.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Robert B. Carter sold 12,310 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $230.61, for a total transaction of $2,838,809.10. Following the sale, the executive vice president now owns 54,916 shares of the company's stock, valued at $12,664,178.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Brad Martin acquired 1,500 shares of the company's stock in a transaction on Monday, September 26th. The stock was bought at an average cost of $143.41 per share, with a total value of $215,115.00. Following the completion of the acquisition, the director now directly owns 750 shares in the company, valued at $107,557.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 48,810 shares of company stock worth $11,199,898. Company insiders own 8.62% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. lifted its position in FedEx by 13.3% during the first quarter. Centaurus Financial Inc. now owns 1,775 shares of the shipping service provider's stock worth $411,000 after purchasing an additional 209 shares during the period. Private Advisory Group LLC acquired a new position in shares of FedEx in the 1st quarter valued at approximately $409,000. Gamco Investors INC. ET AL lifted its holdings in shares of FedEx by 29.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,643 shares of the shipping service provider's stock worth $380,000 after acquiring an additional 374 shares during the period. KB Financial Partners LLC boosted its position in shares of FedEx by 13.8% during the 1st quarter. KB Financial Partners LLC now owns 1,265 shares of the shipping service provider's stock worth $293,000 after acquiring an additional 153 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in FedEx by 23.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 1,387 shares of the shipping service provider's stock valued at $289,000 after acquiring an additional 266 shares during the last quarter. Institutional investors own 71.62% of the company's stock.

FedEx Company Profile

(Get Rating)

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.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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