FedEx (NYSE:FDX) Getting Extremely Negative News Coverage, Analysis Finds

News articles about FedEx (NYSE:FDX) have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. FedEx earned a media sentiment score of -4.46 on their scale. InfoTrie also assigned news headlines about the shipping service provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have effected FedEx’s score:

Shares of FedEx stock traded up $0.33 on Thursday, reaching $165.38. 1,435,812 shares of the stock were exchanged, compared to its average volume of 2,125,571. The firm’s 50 day simple moving average is $161.97. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.92 and a beta of 1.65. FedEx has a one year low of $150.68 and a one year high of $259.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.39 and a current ratio of 1.45.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.93 by $0.08. FedEx had a net margin of 0.77% and a return on equity of 21.57%. The business had revenue of $17.81 billion during the quarter, compared to analysts’ expectations of $17.85 billion. During the same period in the prior year, the company earned $5.91 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that FedEx will post 14.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Monday, June 24th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, June 21st. FedEx’s dividend payout ratio (DPR) is presently 16.75%.

FDX has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “hold” rating and set a GBX 1,775 ($23.19) price target on shares of in a research report on Wednesday, June 26th. BMO Capital Markets reissued an “outperform” rating and set a C$13.00 price target on shares of IPL Plastics in a research report on Wednesday, March 20th. Credit Suisse Group initiated coverage on shares of Magna International in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 785 ($10.26) price objective on shares of in a research report on Wednesday, June 26th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $191.63.

In other 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 completion of the sale, the director now directly owns 16,440 shares in the company, valued at $2,661,307.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.50% of the company’s stock.

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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