FedEx (FDX) Issues FY18 Earnings Guidance

FedEx (NYSE:FDX) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $15.00-15.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.63.

FedEx (NYSE:FDX) traded up $2.38 during mid-day trading on Tuesday, hitting $251.99. 2,939,910 shares of the company were exchanged, compared to its average volume of 1,854,944. FedEx has a 52-week low of $182.89 and a 52-week high of $274.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The stock has a market cap of $67,516.21, a PE ratio of 23.22, a PEG ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.89. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm had revenue of $16.53 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same period in the previous year, the company earned $2.35 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts predict that FedEx will post 13.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. FedEx’s dividend payout ratio is presently 18.43%.

A number of equities analysts recently commented on FDX shares. Citigroup lifted their price target on shares of FedEx to $275.00 and gave the stock a buy rating in a research note on Tuesday, December 12th. Credit Suisse Group reaffirmed a positive rating and set a $283.00 price target (up from $278.00) on shares of FedEx in a research note on Wednesday, December 20th. Stephens set a $306.00 price objective on shares of FedEx and gave the company a buy rating in a research report on Wednesday, December 20th. Robert W. Baird reissued a buy rating and issued a $270.00 price objective on shares of FedEx in a research report on Monday, February 12th. Finally, Zacks Investment Research cut shares of FedEx from a hold rating to a sell rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $278.08.

In related news, EVP Robert B. Carter sold 3,970 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the transaction, the executive vice president now owns 187,025 shares in the company, valued at approximately $46,892,778.25. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $11,894,336.95. Following the transaction, the chief operating officer now owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is currently owned by company insiders.

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About FedEx

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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