FedEx - FDX Stock Forecast, Price & News

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 10 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FDX shares.
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25 brokerages have issued 1-year price targets for FedEx's shares. Their FDX share price forecasts range from $145.00 to $325.00. On average, they expect the company's stock price to reach $232.96 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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FedEx's stock was trading at $173.20 at the beginning of 2023. Since then, FDX shares have increased by 29.1% and is now trading at $223.65.
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FedEx saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 4,820,000 shares, a decrease of 6.8% from the February 28th total of 5,170,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.1% of the shares of the stock are sold short.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 22nd 2023.
View our FDX earnings forecast.

FedEx Co. (NYSE:FDX) released its earnings results on Thursday, March, 16th. The shipping service provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.74. The shipping service provider earned $22.17 billion during the quarter, compared to the consensus estimate of $22.74 billion. FedEx had a trailing twelve-month return on equity of 17.71% and a net margin of 3.23%. FedEx's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.59 EPS.
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FedEx declared a quarterly dividend on Friday, February 17th. Shareholders of record on Monday, March 13th will be paid a dividend of $1.15 per share on Monday, April 3rd. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, March 10th.
Read our dividend analysis for FDX.

ETFs with the largest weight of FedEx (NYSE:FDX) stock in their portfolio include iShares U.S. Transportation ETF (IYT), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), ProShares Supply Chain Logistics ETF (SUPL), First Trust Nasdaq Transportation ETF (FTXR), Direxion Daily Transportation Bull 3X Shares (TPOR), AdvisorShares Drone Technology ETF (UAV), Pacer Industrials and Logistics ETF (SHPP) and U.S. Global Sea to Sky Cargo ETF (SEA).

FedEx (NYSE:FDX) pays an annual dividend of $4.60 per share and currently has a dividend yield of 2.11%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 27.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

FedEx announced that its board has authorized a share repurchase program on Thursday, December 16th 2021, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

FedEx issued an update on its FY 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $14.60-$15.20 for the period, compared to the consensus estimate of $13.56. The company issued revenue guidance of -.

2,546 employees have rated FedEx Chief Executive Officer Fred Smith on Glassdoor.com. Fred Smith has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other FedEx investors own include NVIDIA (NVDA), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Netflix (NFLX), Intel (INTC), Tesla (TSLA), Home Depot (HD), Johnson & Johnson (JNJ) and United Parcel Service (UPS).

FedEx trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDX."

FedEx's stock is owned by a variety of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.68%), Price T Rowe Associates Inc. MD (1.49%), Morgan Stanley (1.35%), Norges Bank (0.89%), Arrowstreet Capital Limited Partnership (0.77%) and Dimensional Fund Advisors LP (0.77%). Insiders that own company stock include Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, Frederick W Smith, Frederick W Smith, Henry J Maier, Jill Brannon, John Alan Smith, John L Merino, Joshua Cooper Ramo, Kim Jabal, Mark R Allen, Marvin R Ellison, Michael C Lenz, Paul S Walsh, Philip Ryan Sr Barros, R Brad Martin, Rajesh Subramaniam, Robert B Carter, Robert B Carter, Shirley A Jackson, Susan C Schwab and Vincenzo J Vena.
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Shares of FDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FDX stock can currently be purchased for approximately $223.65.

FedEx (NYSE:FDX) has a market capitalization of $56.21 billion and generates $93.51 billion in revenue each year. The shipping service provider earns $3.83 billion in net income (profit) each year or $11.58 on an earnings per share basis.

The company employs 249,000 workers across the globe.

FedEx's mailing address is 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN, 38120. The official website for the company is www.fedex.com. The shipping service provider can be reached via phone at (901) 818-7500 or via email at ir@fedex.com.