FedEx (NYSE:FDX) posted its quarterly earnings results on Tuesday. The shipping service provider reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $1.11, MarketWatch Earnings reports. The business had revenue of $17.36 billion for the quarter, compared to analyst estimates of $16.54 billion. FedEx had a negative net margin of 0.50% and a positive return on equity of 17.05%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $5.01 EPS.
Shares of FDX stock opened at $140.22 on Wednesday. The company has a market cap of $35.15 billion, a P/E ratio of -100.88, a PEG ratio of 1.19 and a beta of 1.31. FedEx has a fifty-two week low of $88.69 and a fifty-two week high of $178.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.16 and a current ratio of 1.21. The stock has a 50 day simple moving average of $128.84 and a two-hundred day simple moving average of $135.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Monday, June 29th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, June 26th. FedEx’s dividend payout ratio (DPR) is presently 16.75%.
In other FedEx news, CEO Frederick W. Smith sold 155,750 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.71, for a total value of $18,333,332.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.44% of the company’s stock.
Several analysts recently issued reports on FDX shares. Stifel Nicolaus reduced their price target on shares of FedEx from $136.00 to $120.00 in a research report on Wednesday, March 18th. Oppenheimer reiterated a “hold” rating on shares of FedEx in a research report on Wednesday, May 6th. Barclays increased their price target on shares of FedEx from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Wednesday. ValuEngine lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Credit Suisse Group increased their price objective on shares of FedEx from $150.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $155.26.
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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