FedEx (FDX) Projected to Post Quarterly Earnings on Thursday

FedEx (NYSE:FDX) is projected to post its results after the market closes on Thursday, September 17th. Analysts expect FedEx to post earnings of $4.21 per share and revenue of $23.1984 billion for the quarter.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. On average, analysts expect FedEx to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

FedEx Stock Up 0.3%

FDX stock opened at $312.80 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $319.22 and its 200 day moving average price is $345.99. FedEx has a 52 week low of $179.50 and a 52 week high of $345.36. The company has a market cap of $74.03 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.66 and a beta of 1.32.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 14th. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity

In related news, Director Paul Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. The trade was a 23.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FDX shares. Seaport Research Partners initiated coverage on FedEx in a report on Wednesday, May 27th. They issued a “buy” rating on the stock. Raymond James Financial set a $330.00 price objective on FedEx in a report on Friday, August 28th. JPMorgan Chase & Co. decreased their target price on FedEx from $460.00 to $400.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 8th. Sanford C. Bernstein set a $397.00 target price on FedEx in a report on Wednesday, June 24th. Finally, HSBC dropped their price target on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $355.17.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.