FedEx - FDX Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FDX shares.
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23 Wall Street research analysts have issued 1 year price objectives for FedEx's stock. Their FDX share price forecasts range from $145.00 to $333.00. On average, they expect the company's share price to reach $210.12 in the next year. This suggests that the stock has a possible downside of 2.1%.
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FedEx's stock was trading at $173.20 at the beginning of 2023. Since then, FDX stock has increased by 23.9% and is now trading at $214.67.
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FedEx saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 4,580,000 shares, a decrease of 12.4% from the December 31st total of 5,230,000 shares. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.0% of the shares of the company are sold short.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our FDX earnings forecast.

FedEx Co. (NYSE:FDX) posted its earnings results on Tuesday, December, 20th. The shipping service provider reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.41. The shipping service provider had revenue of $22.81 billion for the quarter, compared to analyst estimates of $23.66 billion. FedEx had a trailing twelve-month return on equity of 19.17% and a net margin of 3.54%.

FedEx announced a quarterly dividend on Friday, November 18th. Shareholders of record on Monday, December 12th will be paid a dividend of $1.15 per share on Tuesday, January 3rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, December 9th.
Read our dividend analysis for FDX.

FedEx (NYSE:FDX) pays an annual dividend of $4.60 per share and currently has a dividend yield of 2.14%. 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 36.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 27.95% 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 initiated a share 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 purchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

FedEx issued an update on its FY 2023 earnings guidance on Tuesday, December, 20th. The company provided earnings per share (EPS) guidance of $13.00-$14.00 for the period, compared to the consensus EPS estimate of $14.08. 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 number of retail and institutional investors. Top institutional investors include International Assets Investment Management LLC (0.46%), ACR Alpine Capital Research LLC (0.39%), Edmp Inc. (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Bristol John W & Co. Inc. NY (0.26%) and Focused Investors LLC (0.24%). Insiders that own company stock include Alan B Graf Jr, Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, Frederick W Smith, Frederick W Smith, Henry J Maier, Jill Brannon, John A Edwardson, 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 $214.67.

FedEx (NYSE:FDX) has a market capitalization of $54.18 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 $12.73 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.