FedEx (NYSE:FDX) Posts Earnings Results, Beats Expectations By $0.17 EPS

FedEx (NYSE:FDX) posted its quarterly earnings results on Thursday. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17, Zacks reports. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.99 EPS. FedEx updated its FY25 guidance to $19.00-20.00 EPS and its FY 2025 guidance to 19.000-20.000 EPS.

FedEx Price Performance

Shares of NYSE FDX opened at $275.88 on Friday. FedEx has a 1-year low of $234.45 and a 1-year high of $313.84. The stock has a fifty day moving average price of $282.48 and a 200 day moving average price of $281.66. The company has a market cap of $67.40 billion, a PE ratio of 17.02, a P/E/G ratio of 1.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, December 9th. FedEx’s payout ratio is currently 34.05%.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. Raymond James decreased their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Susquehanna decreased their price objective on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a report on Friday, September 20th. Evercore ISI decreased their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Finally, UBS Group reduced their price objective on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $316.68.

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.