FedEx - FDX Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last year. There are currently 11 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FDX shares.
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22 brokerages have issued twelve-month price objectives for FedEx's stock. Their FDX share price forecasts range from $130.00 to $333.00. On average, they expect the company's share price to reach $204.24 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price.
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FedEx's stock was trading at $258.64 at the beginning of the year. Since then, FDX shares have decreased by 31.7% and is now trading at $176.60.
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FedEx saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 5,570,000 shares, a drop of 29.3% from the October 31st total of 7,880,000 shares. Based on an average trading volume of 3,970,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.3% 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, December 15th 2022.
View our FDX earnings forecast.

FedEx Co. (NYSE:FDX) released its quarterly earnings results on Thursday, September, 22nd. The shipping service provider reported $3.44 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.01. The shipping service provider earned $23.20 billion during the quarter, compared to analysts' expectations of $23.78 billion. FedEx had a trailing twelve-month return on equity of 20.95% and a net margin of 3.79%. FedEx's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $4.37 EPS.
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FedEx announced a quarterly dividend on Friday, November 18th. Stockholders 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 dividend yield of 2.60%. 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 2.54%. 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 33.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 26.44% 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 buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 7.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

FedEx issued an update on its first quarter 2023 earnings guidance on Thursday, October, 20th. The company provided earnings per share guidance of $3.44-$3.44 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $23.20 billion-$23.20 billion, compared to the consensus revenue estimate of $23.58 billion.

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.24%), BlackRock Inc. (6.46%), Primecap Management Co. CA (5.33%), State Street Corp (3.65%), Price T Rowe Associates Inc. MD (1.56%) and Citadel Advisors LLC (0.00%). 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.
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 $176.60.

FedEx (NYSE:FDX) has a market capitalization of $45.95 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 $13.54 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.