FedEx Co. (NYSE:FDX) – Research analysts at KeyCorp issued their Q1 2019 EPS estimates for FedEx in a research note issued on Tuesday. KeyCorp analyst T. Fowler anticipates that the shipping service provider will post earnings of $3.77 per share for the quarter. KeyCorp has a “Overweight” rating and a $290.00 price objective on the stock. KeyCorp also issued estimates for FedEx’s Q2 2019 earnings at $4.16 EPS, Q3 2019 earnings at $4.30 EPS and Q4 2019 earnings at $5.52 EPS.

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FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.61. The firm had revenue of $16.53 billion during the quarter, compared to analysts’ expectations of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 EPS.

Several other analysts have also recently commented on FDX. Zacks Investment Research cut FedEx from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus upgraded FedEx from a “hold” rating to a “buy” rating and lifted their price target for the company from $284.00 to $295.00 in a report on Wednesday. Oppenheimer lifted their price target on FedEx from $265.00 to $274.00 and gave the company an “outperform” rating in a report on Friday, March 16th. Credit Suisse Group lowered their price target on FedEx from $314.00 to $306.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Robert W. Baird lifted their price target on FedEx from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $279.66.

FedEx stock traded down $1.52 on Thursday, reaching $234.75. The company’s stock had a trading volume of 1,271,666 shares, compared to its average volume of 1,931,454. The company has a quick ratio of 1.50, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The stock has a market cap of $66,709.87, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.32. FedEx has a 52 week low of $182.89 and a 52 week high of $274.66.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio is currently 12.22%.

In related news, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the transaction, the director now directly owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its position in FedEx by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after acquiring an additional 266,660 shares in the last quarter. Jennison Associates LLC increased its holdings in FedEx by 47.4% during the 4th quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after purchasing an additional 1,185,447 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in FedEx by 3.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock worth $814,875,000 after purchasing an additional 116,500 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in FedEx by 5.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,395,924 shares of the shipping service provider’s stock worth $597,879,000 after purchasing an additional 126,993 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in FedEx by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,392,806 shares of the shipping service provider’s stock worth $595,716,000 after purchasing an additional 73,830 shares during the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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FedEx Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Earnings History and Estimates for FedEx (NYSE:FDX)

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