Wall Street brokerages expect that FedEx Co. (NYSE:FDX) will post earnings per share (EPS) of $4.89 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for FedEx’s earnings, with estimates ranging from $4.57 to $5.10. FedEx posted earnings of $5.91 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.3%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, June 25th.

According to Zacks, analysts expect that FedEx will report full year earnings of $15.42 per share for the current fiscal year, with EPS estimates ranging from $15.10 to $15.63. For the next year, analysts anticipate that the business will report earnings of $16.50 per share, with EPS estimates ranging from $14.87 to $17.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow FedEx.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.07). FedEx had a return on equity of 22.67% and a net margin of 5.25%. The firm had revenue of $17.01 billion during the quarter, compared to analyst estimates of $17.70 billion. During the same quarter last year, the company posted $3.72 EPS. The company’s revenue was up 2.9% on a year-over-year basis.

Several research firms recently weighed in on FDX. Cowen restated an “outperform” rating and set a $237.00 price target (down previously from $242.00) on shares of FedEx in a research report on Thursday, March 14th. Wells Fargo & Co dropped their price objective on shares of FedEx from $285.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, March 21st. UBS Group dropped their price objective on shares of FedEx from $161.00 to $145.00 and set a “sell” rating for the company in a research note on Friday. Bank of America dropped their price objective on shares of FedEx from $188.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday. Finally, BMO Capital Markets dropped their price objective on shares of FedEx to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. FedEx has a consensus rating of “Hold” and an average price target of $207.76.

In other FedEx news, EVP Alan B. Graf, Jr. sold 27,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $173.30, for a total transaction of $4,679,100.00. Following the sale, the executive vice president now directly owns 200,320 shares in the company, valued at approximately $34,715,456. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick W. Smith sold 155,650 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $189.83, for a total transaction of $29,547,039.50. Following the sale, the chief executive officer now owns 14,945,124 shares in the company, valued at $2,837,032,888.92. The disclosure for this sale can be found here. Insiders have sold a total of 185,650 shares of company stock valued at $34,751,470 in the last ninety days. 8.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of FedEx by 15,104.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock valued at $87,000 after purchasing an additional 13,970,642 shares in the last quarter. Norges Bank acquired a new stake in shares of FedEx in the 4th quarter valued at $303,958,000. Artisan Partners Limited Partnership raised its holdings in shares of FedEx by 40.7% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,740,543 shares of the shipping service provider’s stock valued at $497,162,000 after purchasing an additional 792,575 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of FedEx by 63.5% in the 1st quarter. Nordea Investment Management AB now owns 1,548,876 shares of the shipping service provider’s stock valued at $280,985,000 after purchasing an additional 601,465 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of FedEx by 39.7% in the 1st quarter. LSV Asset Management now owns 1,986,887 shares of the shipping service provider’s stock valued at $360,441,000 after purchasing an additional 564,452 shares in the last quarter. Institutional investors own 69.33% of the company’s stock.

Shares of FDX traded down $1.62 during mid-day trading on Monday, hitting $152.66. 2,469,405 shares of the company were exchanged, compared to its average volume of 1,919,755. FedEx has a 1-year low of $150.94 and a 1-year high of $266.67. The company has a quick ratio of 1.40, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. The company has a market cap of $40.20 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.78 and a beta of 1.69.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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