Brokerages Expect FedEx Co. (NYSE:FDX) to Post $6.80 Earnings Per Share

Equities analysts forecast that FedEx Co. (NYSE:FDXGet Rating) will post $6.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for FedEx’s earnings, with estimates ranging from $6.20 to $7.22. FedEx posted earnings of $5.01 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that FedEx will report full year earnings of $20.56 per share for the current fiscal year, with EPS estimates ranging from $20.00 to $21.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $22.60 per share, with EPS estimates ranging from $21.85 to $23.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover FedEx.

FedEx (NYSE:FDXGet Rating) last announced its earnings results on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.10). The business had revenue of $23.64 billion during the quarter, compared to the consensus estimate of $23.33 billion. FedEx had a net margin of 5.60% and a return on equity of 20.67%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.47 EPS.

FDX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on FedEx from $310.00 to $298.00 and set a “buy” rating for the company in a research note on Monday, March 21st. Berenberg Bank set a $330.00 price objective on FedEx in a research note on Tuesday, April 26th. Citigroup lowered their price objective on FedEx from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, March 18th. Sanford C. Bernstein set a $333.00 price objective on FedEx in a research note on Friday, March 11th. Finally, Credit Suisse Group set a $294.00 target price on FedEx in a report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $299.55.

In related news, Director Paul S. Walsh sold 3,720 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $206.42, for a total value of $767,882.40. Following the completion of the sale, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $2,889,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.16% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of FedEx during the 4th quarter worth $25,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in FedEx in the 4th quarter worth about $26,000. Holloway Wealth Management LLC bought a new position in FedEx in the 1st quarter worth about $29,000. Sumitomo Mitsui Financial Group Inc. bought a new position in FedEx in the 4th quarter worth about $33,000. Finally, Level Financial Advisors Inc. bought a new position in FedEx in the 4th quarter worth about $34,000. 79.92% of the stock is owned by hedge funds and other institutional investors.

FDX stock opened at $204.69 on Friday. The company has a market cap of $53.05 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.81 and a beta of 1.32. The business has a 50-day simple moving average of $211.68 and a 200 day simple moving average of $230.77. FedEx has a 52 week low of $192.82 and a 52 week high of $319.90. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.83.

About FedEx (Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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