Wall Street analysts expect FedEx Co. (NYSE:FDX) to report earnings of $3.20 per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for FedEx’s earnings, with estimates ranging from $3.05 to $3.47. FedEx reported earnings per share of $3.46 in the same quarter last year, which suggests a negative year over year growth rate of 7.5%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, September 17th.
According to Zacks, analysts expect that FedEx will report full year earnings of $14.61 per share for the current fiscal year, with EPS estimates ranging from $13.30 to $15.00. For the next fiscal year, analysts anticipate that the business will post earnings of $16.08 per share, with EPS estimates ranging from $14.83 to $16.87. Zacks’ EPS averages are an average based on a survey of research analysts that cover FedEx.
FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.08. The company had revenue of $17.81 billion for the quarter, compared to the consensus estimate of $17.85 billion. FedEx had a net margin of 0.77% and a return on equity of 21.57%. FedEx’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.91 EPS.
NYSE:FDX traded up $3.18 during trading hours on Friday, hitting $156.00. 1,536,200 shares of the company were exchanged, compared to its average volume of 2,030,355. The stock has a market capitalization of $39.86 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.83 and a beta of 1.65. FedEx has a 52-week low of $150.68 and a 52-week high of $259.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.45 and a quick ratio of 1.39. The company’s 50 day moving average price is $164.88 and its 200-day moving average price is $173.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.67%. FedEx’s dividend payout ratio (DPR) is currently 16.75%.
In related news, Director Paul S. Walsh sold 4,440 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $161.88, for a total transaction of $718,747.20. Following the sale, the director now directly owns 16,440 shares of the company’s stock, valued at $2,661,307.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert B. Carter sold 23,100 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $175.78, for a total transaction of $4,060,518.00. Following the sale, the executive vice president now directly owns 68,446 shares in the company, valued at $12,031,437.88. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its position in FedEx by 22.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 107,419 shares of the shipping service provider’s stock worth $17,637,000 after acquiring an additional 19,349 shares during the period. Heritage Investors Management Corp raised its position in FedEx by 4.3% during the second quarter. Heritage Investors Management Corp now owns 76,800 shares of the shipping service provider’s stock worth $12,610,000 after acquiring an additional 3,189 shares during the period. First Dallas Securities Inc. raised its position in FedEx by 7.4% during the first quarter. First Dallas Securities Inc. now owns 6,133 shares of the shipping service provider’s stock worth $1,113,000 after acquiring an additional 425 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in FedEx during the first quarter worth $322,000. Finally, Tredje AP fonden raised its position in FedEx by 23.7% during the first quarter. Tredje AP fonden now owns 19,898 shares of the shipping service provider’s stock worth $3,623,000 after acquiring an additional 3,817 shares during the period. 68.64% of the stock is currently owned by hedge funds and other institutional investors.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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