FedEx (NYSE:FDX) Issues Earnings Results

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

FedEx Stock Performance

NYSE FDX opened at $254.64 on Friday. The firm’s fifty day moving average price is $292.43 and its two-hundred day moving average price is $274.85. The stock has a market cap of $62.66 billion, a PE ratio of 14.78, a PEG ratio of 1.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. FedEx has a fifty-two week low of $224.69 and a fifty-two week high of $313.84.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, September 9th. FedEx’s payout ratio is 32.04%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research analyst reports. Bank of America lowered their price target on shares of FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a report on Wednesday. Hsbc Global Res lowered FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday. Raymond James reduced their price target on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com downgraded FedEx from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $312.84.

Insider Activity

In other news, EVP Robert B. Carter sold 16,010 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the sale, the executive vice president now directly owns 59,884 shares in the company, valued at $17,634,640.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert B. Carter sold 16,010 shares of FedEx stock in a transaction on Friday, June 28th. The shares were sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the completion of the sale, the executive vice president now directly owns 59,884 shares of the company’s stock, valued at $17,634,640.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,944 shares of company stock worth $9,882,355. Insiders own 8.73% of the company’s stock.

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.