FedEx (FDX) Scheduled to Post Earnings on Thursday

FedEx (NYSE:FDX) will release its earnings data after the market closes on Thursday, December 19th. Analysts expect FedEx to post earnings of $3.88 per share for the quarter. FedEx has set its FY25 guidance at $20.00-21.00 EPS and its FY 2025 guidance at 20.000-21.000 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the prior year, the business earned $4.55 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect FedEx to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

FedEx Trading Down 2.1 %

Shares of FDX opened at $277.35 on Wednesday. FedEx has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The business has a 50-day moving average of $282.08 and a 200 day moving average of $281.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The firm has a market cap of $67.76 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.99%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research reports. TD Cowen decreased their price objective on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a report on Friday, September 20th. StockNews.com cut FedEx from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Evercore ISI dropped their target price on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Finally, Susquehanna dropped their target price on FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $316.68.

About FedEx

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.