FedEx (NYSE:FDX) Announces Earnings Results

FedEx (NYSE:FDX) issued its earnings results on Thursday. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22), Briefing.com reports. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.94% and a return on equity of 16.70%. FedEx’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.55 EPS. FedEx updated its FY25 guidance to $20.00-21.00 EPS and its FY 2025 guidance to 20.000-21.000 EPS.

FedEx Stock Up 0.7 %

NYSE FDX opened at $300.39 on Friday. The company has a market capitalization of $73.92 billion, a P/E ratio of 17.43, a PEG ratio of 1.03 and a beta of 1.17. FedEx has a 12 month low of $224.69 and a 12 month high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The company’s 50 day simple moving average is $293.32 and its 200 day simple moving average is $274.80.

FedEx Dividend Announcement

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 paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.84%. FedEx’s dividend payout ratio is currently 32.04%.

Insiders Place Their Bets

In other news, EVP Brie Carere sold 1,958 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Carter sold 16,010 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.48, for a total value of $4,714,624.80. Following the completion of the sale, the executive vice president now owns 59,884 shares of the company’s stock, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,944 shares of company stock worth $9,882,355. 8.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FDX shares. Raymond James dropped their price objective on shares of FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. raised shares of FedEx from a “neutral” rating to an “overweight” rating and upped their price target for the company from $296.00 to $359.00 in a report on Wednesday, June 26th. StockNews.com downgraded FedEx from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 24th. Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of FedEx in a research report on Wednesday, June 26th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.13.

FedEx Company Profile

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