FedEx (NYSE:FDX) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $15.10-15.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.97.
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a buy rating and issued a $256.00 target price on shares of FedEx in a research note on Tuesday, December 18th. Zacks Investment Research cut FedEx from a hold rating to a sell rating in a research note on Tuesday. Deutsche Bank cut their target price on FedEx from $293.00 to $212.00 and set a buy rating on the stock in a research note on Wednesday, December 19th. UBS Group cut their target price on FedEx from $256.00 to $205.00 and set a neutral rating on the stock in a research note on Wednesday, December 19th. Finally, Credit Suisse Group cut their target price on FedEx from $263.00 to $236.00 and set an outperform rating on the stock in a research note on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $234.50.
Shares of FedEx stock traded down $0.99 during trading on Tuesday, hitting $181.41. 3,328,236 shares of the company’s stock traded hands, compared to its average volume of 2,008,563. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.36. FedEx has a 1 year low of $150.94 and a 1 year high of $266.67. The stock has a market capitalization of $46.46 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.88 and a beta of 1.63.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 EPS for the quarter, missing the consensus estimate of $4.05 by ($0.02). FedEx had a net margin of 7.23% and a return on equity of 24.11%. The business had revenue of $17.82 billion for the quarter, compared to analysts’ expectations of $17.71 billion. During the same period last year, the business earned $3.18 earnings per share. As a group, sell-side analysts expect that FedEx will post 15.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, March 8th. This represents a $2.60 annualized dividend and a dividend yield of 1.43%. FedEx’s dividend payout ratio (DPR) is presently 16.98%.
In other FedEx news, VP John L. Merino sold 2,300 shares of the firm’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $182.24, for a total value of $419,152.00. Following the transaction, the vice president now directly owns 30,185 shares of the company’s stock, valued at $5,500,914.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Steiner bought 7,000 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was purchased at an average cost of $162.92 per share, for a total transaction of $1,140,440.00. Following the completion of the transaction, the director now directly owns 25,994 shares of the company’s stock, valued at approximately $4,234,942.48. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company’s stock.
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FedEx Company Profile
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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