FedEx (FDX) to Release Quarterly Earnings on Tuesday
FedEx (NYSE:FDX) is scheduled to announce its earnings results after the market closes on Tuesday, December 19th. Analysts expect the company to announce earnings of $3.10 per share for the quarter. FedEx has set its FY18 guidance at $12.00-12.80 EPS.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. During the same quarter in the previous year, the firm posted $2.90 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts expect FedEx to post $12 EPS for the current fiscal year and $15 EPS for the next fiscal year.
Shares of FedEx (FDX) opened at $238.61 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. FedEx has a twelve month low of $182.89 and a twelve month high of $243.06. The stock has a market capitalization of $64,551.20, a PE ratio of 20.21, a P/E/G ratio of 1.51 and a beta of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, December 8th. FedEx’s payout ratio is 18.87%.
Several equities research analysts recently issued reports on FDX shares. Citigroup reiterated a “buy” rating and issued a $235.00 price objective on shares of FedEx in a report on Thursday, September 14th. Robert W. Baird reiterated a “buy” rating and issued a $235.00 price objective on shares of FedEx in a report on Tuesday, September 12th. Cowen reiterated a “buy” rating and issued a $240.00 price objective on shares of FedEx in a report on Tuesday, September 12th. BMO Capital Markets reiterated a “buy” rating and issued a $245.00 price objective on shares of FedEx in a report on Wednesday, September 6th. Finally, Loop Capital reiterated a “buy” rating and issued a $260.00 price objective (up from $250.00) on shares of FedEx in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. FedEx presently has a consensus rating of “Buy” and a consensus target price of $231.81.
In other news, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the sale, the chief executive officer now owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the sale, the executive vice president now directly owns 30,499 shares in the company, valued at approximately $6,709,780. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,094 shares of company stock worth $9,024,637. Corporate insiders own 8.45% of the company’s stock.
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.
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