FedEx (FDX) is scheduled to report earnings on Thursday

VaselineSeptember 18, 2024

0 4 minutes read

FedEx (NYSE:FDX – Get Your Free Report ) is scheduled to release its quarterly earnings data after the market closes on Thursday, September 19th. Analysts expect the company to post earnings of $5.02 per share for the quarter. FedEx set its FY25 guidance at $20.00-$22.00 EPS and FY 2025 guidance at $20,000-22,000 EPS. Persons interested in participating in the company’s earnings conference call may do so using this link.

FedEx (NYSE:FDX – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, June 25th. The shipping services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company’s revenue for the quarter was up 0.8% compared to the same quarter last year. In the same period last year, the company posted earnings per share of $4.94. On average, analysts expect FedEx to post earnings of $21 for the current fiscal year and $23 for the next fiscal year.

FedEx Price Performance

Shares of NYSE FDX opened at $297.36 on Wednesday. The company has a fifty day moving average price of $293.20 and a two hundred day moving average price of $274.45. The stock has a market cap of $73.17 billion, a PE ratio of 17.26, a P/E/G ratio of 1.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36, and a quick ratio of 1.32. FedEx has a fifty-two week low of $224.69 and a fifty-two week high of $313.84.

FedEx announces dividend

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be issued a $1.38 dividend. This represents an annualized dividend of $5.52 and a yield of 1.86%. The ex-dividend date is Monday, September 9. FedEx’s dividend payout ratio is currently 32.04%.

Buying and Selling Inside FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other FedEx news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the transaction, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,944 shares of company stock worth $9,882,355. Company insiders own 8.73% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $327.00 price objective (up from $303.00) on shares of FedEx in a research report on Wednesday, June 26th. Goldman Sachs Group upped their target price on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Daiwa America lowered shares of FedEx from a “moderate-buy” rating to a “hold” rating in a report on Wednesday, September 11th. UBS Group decreased their price objective on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, Evercore ISI cut their price target on shares of FedEx from $339.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.67, according to MarketBeat.

See the latest inventory analysis on FedEx

About FedEx

(Get a free report)

FedEx Corporation provides shipping, e-commerce and business services in the United States and internationally. It operates through the FedEx Express, FedEx Ground, FedEx Freight and FedEx Services segments. The FedEx Express segment provides expedited shipping, small package ground delivery and freight services; and time-critical transport services.