FedEx (NYSE:FDX) Announces Earnings Results, Beats Estimates By $0.08 EPS

FedEx (NYSE:FDX) posted its earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.93 by $0.08, RTT News reports. FedEx had a net margin of 0.77% and a return on equity of 21.57%. The company had revenue of $17.81 billion during the quarter, compared to the consensus estimate of $17.85 billion. During the same period in the previous year, the firm posted $5.91 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.

Shares of FDX traded up $0.33 during trading hours on Thursday, hitting $165.38. The stock had a trading volume of 1,435,812 shares, compared to its average volume of 2,125,571. FedEx has a 52 week low of $150.68 and a 52 week high of $259.25. The company’s fifty day moving average price is $162.10. 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 stock has a market capitalization of $42.80 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65.

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

In other FedEx news, Director Paul S. Walsh sold 4,440 shares of the stock in a transaction dated 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 owns 16,440 shares of the company’s stock, valued at approximately $2,661,307.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Barclays restated a “buy” rating on shares of 1&1 Drillisch in a research note on Thursday, June 13th. Daiwa Capital Markets cut shares of FedEx from an “outperform” rating to a “neutral” rating and cut their target price for the company from $187.00 to $179.00 in a research note on Thursday, March 21st. They noted that the move was a valuation call. Berenberg Bank cut their target price on shares of from GBX 4,600 ($60.11) to GBX 3,800 ($49.65) and set a “hold” rating for the company in a research note on Friday, June 28th. UBS Group set a $13.00 target price on shares of Freeport-McMoRan and gave the company a “hold” rating in a research note on Wednesday, June 26th. Finally, Raymond James initiated coverage on shares of Planet Fitness in a research note on Wednesday, June 26th. They set an “outperform” rating and a $80.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $191.63.

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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Earnings History for FedEx (NYSE:FDX)

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