FedEx (FDX) Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 10 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FDX shares.
View FDX analyst ratings or view top-rated stocks.

26 brokers have issued twelve-month target prices for FedEx's shares. Their FDX share price forecasts range from $165.00 to $325.00. On average, they predict the company's stock price to reach $243.81 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price.
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FedEx's stock was trading at $173.20 at the start of the year. Since then, FDX stock has increased by 29.4% and is now trading at $224.15.
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FedEx saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,800,000 shares, a decline of 6.9% from the April 30th total of 4,080,000 shares. Based on an average daily volume of 2,040,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.7% of the company's shares are sold short.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 20th 2023.
View our FDX earnings forecast.

FedEx will be holding an earnings conference call on Tuesday, June 20th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

FedEx Co. (NYSE:FDX) issued 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 analyst estimates of $22.74 billion. FedEx had a net margin of 3.23% and a trailing twelve-month return on equity of 17.71%. FedEx's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $4.59 earnings per share.
Read the conference call transcript.

FedEx announced a quarterly dividend on Wednesday, April 5th. Stockholders of record on Monday, June 12th will be given a dividend of $1.26 per share on Monday, July 3rd. This represents a $5.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, June 9th. This is an increase from the stock's previous quarterly dividend of $1.15.
Read our dividend analysis for FDX.

ETFs with the largest weight of FedEx (NYSE:FDX) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), ProShares Supply Chain Logistics ETF (SUPL), iShares U.S. Transportation ETF (IYT), AdvisorShares Drone Technology ETF (UAV), Direxion Daily Transportation Bull 3X Shares (TPOR), Roundhill MEME ETF (MEME), 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 2.05%. The company has been increasing its dividend for 3 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 25.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

FedEx declared that its Board of Directors has authorized a stock repurchase plan 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 repurchase up to 7.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

FedEx updated its FY 2023 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of $14.60-$15.20 for the period, compared to the consensus EPS 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 Dodge & Cox (6.72%), State Street Corp (3.69%), Geode Capital Management LLC (1.65%), FMR LLC (1.33%), Price T Rowe Associates Inc. MD (1.32%) and Bank of New York Mellon Corp (1.07%). Insiders that own company stock include Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, 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, Stephen E Gorman, 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 $224.15.

FedEx (NYSE:FDX) has a market capitalization of $56.34 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.