FedEx (FDX) to Announce Quarterly Earnings on Thursday

Key Points

• FedEx is expected to report quarterly earnings after Thursday’s market close, with analysts forecasting $4.21 in earnings per share and $23.16 billion in revenue.
• The company previously reported $5.88 EPS and $23.26 billion in revenue; full-year earnings are projected at $18 per share, rising to $20 next fiscal year.
• FedEx recently declared a quarterly dividend of $1.22 per share, equivalent to a $4.88 annualized payout and a 1.6% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $355.17.

FedEx (NYSE:FDX - Get Free Report) is projected to issue its results after the market closes on Thursday, September 17th. Analysts expect FedEx to post earnings of $4.21 per share and revenue of $23.1578 billion for the quarter.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The company had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. On average, analysts expect FedEx to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

FedEx Stock Performance

NYSE FDX opened at $309.82 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $73.33 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.67 and a beta of 1.32. The firm's 50 day simple moving average is $319.23 and its 200 day simple moving average is $347.55. FedEx has a 1 year low of $177.86 and a 1 year high of $345.36.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.6%. FedEx's dividend payout ratio is presently 26.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDX shares. Rothschild & Co Redburn decreased their price target on FedEx from $375.00 to $344.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 2nd. BNP Paribas Exane dropped their price objective on FedEx from $335.00 to $269.76 and set a "neutral" rating for the company in a research report on Tuesday, June 2nd. Wall Street Zen raised FedEx to a "hold" rating in a research note on Saturday, August 8th. Evercore set a $350.00 target price on FedEx in a research report on Wednesday. Finally, Stifel Nicolaus lowered their target price on FedEx from $442.00 to $326.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $355.17.

Insider Transactions at FedEx

In other FedEx news, Director Paul Walsh sold 5,042 shares of the company's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the transaction, the director owned 16,359 shares of the company's stock, valued at $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FedEx

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EFG International AG bought a new position in FedEx in the 4th quarter worth approximately $27,000. Wealth Watch Advisors INC bought a new stake in FedEx during the 3rd quarter valued at $28,000. Wilkerson Advisory Group LLC purchased a new stake in shares of FedEx during the fourth quarter worth $29,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of FedEx during the fourth quarter worth $33,000. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of FedEx in the fourth quarter worth $36,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Evercore ISI raised its FedEx price target to $350 from $323 while maintaining an “In Line” rating, indicating improved valuation support even though the firm remains cautious. Evercore ISI Adjusts Price Target on FedEx
• Positive Sentiment: J.P. Morgan reiterated a positive view on FDX, retaining an “overweight” or “buy” rating and setting a $400 price target. The bullish stance suggests the bank sees meaningful upside from FedEx’s transformation and operational improvements. J.P. Morgan Remains a Buy on FedEx
• Neutral Sentiment: FedEx launched Global Trade Navigator, a suite of tools designed to help businesses manage customs requirements, duties, taxes and shipping-data errors. Features include a free Trade Planner, Shopify tools that display import costs before checkout, and APIs for customs information. The initiative could improve international shipping demand and customer retention, but its financial impact is not yet quantified. FedEx Introduces Global Trade Navigator
• Negative Sentiment: J.P. Morgan recently reduced its FedEx price target from $460 to $400, despite keeping an overweight rating. The cut signals more conservative expectations for earnings or valuation and may be contributing to selling pressure. FedEx Receives a Buy Rating from JP Morgan

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company's offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.