FedEx (NYSE:FDX) Updates FY 2027 Earnings Guidance

FedEx (NYSE:FDXGet Free Report) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 16.900-18.100 for the period, compared to the consensus earnings per share estimate of 19.920. The company issued revenue guidance of $97.6 billion-$97.6 billion, compared to the consensus revenue estimate of $91.0 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDX shares. Wall Street Zen raised FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Deutsche Bank Aktiengesellschaft cut FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Raymond James Financial started coverage on shares of FedEx in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $180.00 target price on the stock. Bank of America lowered their price target on shares of FedEx from $440.00 to $376.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $442.00 price objective on shares of FedEx in a research note on Monday. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.14.

Get Our Latest Stock Report on FedEx

FedEx Trading Down 3.0%

NYSE FDX traded down $9.72 during trading on Tuesday, reaching $319.06. 3,251,382 shares of the stock traded hands, compared to its average volume of 2,267,306. FedEx has a fifty-two week low of $172.88 and a fifty-two week high of $345.36. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The firm has a market cap of $76.13 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The stock’s 50-day moving average price is $367.67 and its 200 day moving average price is $345.54.

FedEx Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Monday, June 22nd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is presently 30.87%.

Insiders Place Their Bets

In other news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president owned 10,953 shares in the company, valued at $4,029,499.17. The trade was a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the transaction, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by company insiders.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

Institutional Investors Weigh In On FedEx

Large investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in FedEx by 4.2% in the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock valued at $2,763,824,000 after acquiring an additional 382,848 shares during the last quarter. Invesco Ltd. raised its holdings in shares of FedEx by 3.1% in the 3rd quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider’s stock valued at $853,372,000 after purchasing an additional 108,426 shares during the period. AQR Capital Management LLC lifted its stake in FedEx by 6.9% in the 4th quarter. AQR Capital Management LLC now owns 2,923,679 shares of the shipping service provider’s stock valued at $844,534,000 after purchasing an additional 189,774 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FedEx by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,577,706 shares of the shipping service provider’s stock valued at $744,635,000 after purchasing an additional 70,141 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in FedEx by 5.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,235,689 shares of the shipping service provider’s stock worth $527,198,000 after purchasing an additional 123,190 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

(Get Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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