FedEx (FDX) Stock Forecast, Price & News

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

26 equities research analysts have issued 12 month target prices for FedEx's shares. Their FDX share price forecasts range from $165.00 to $325.00. On average, they expect the company's stock price to reach $243.81 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
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FedEx's stock was trading at $173.20 on January 1st, 2023. Since then, FDX shares have increased by 25.8% and is now trading at $217.97.
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FedEx saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,800,000 shares, a decrease 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 short-interest ratio is presently 1.9 days. Approximately 1.7% of the company's stock 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 quarterly earnings data on Thursday, March, 16th. The shipping service provider reported $3.41 EPS for the quarter, topping the consensus estimate of $2.67 by $0.74. The shipping service provider earned $22.17 billion during the quarter, compared to analysts' expectations of $22.74 billion. FedEx had a trailing twelve-month return on equity of 17.71% and a net margin of 3.23%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company earned $4.59 EPS.
Read the conference call transcript.

FedEx declared a quarterly dividend on Wednesday, April 5th. Investors 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 dividend on an annualized basis and a yield of 2.31%. 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 announced that its Board of Directors has authorized a stock buyback program on Thursday, December 16th 2021, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign 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 EPS guidance of $14.60-$15.20 for the period, compared to the consensus earnings per share 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 many different 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.
View institutional ownership trends.

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 $217.97.

FedEx (NYSE:FDX) has a market capitalization of $54.79 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.