FedEx (NYSE:FDX) Issues FY25 Earnings Guidance

FedEx (NYSE:FDX) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $20.00-22.00 for the period, compared to the consensus EPS estimate of $20.92. The company issued revenue guidance of low-to-mid single-digit increase, compared to the consensus revenue estimate of $90.47 billion.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FDX shares. JPMorgan Chase & Co. decreased their target price on shares of FedEx from $301.00 to $296.00 and set a neutral rating on the stock in a research report on Friday, May 24th. Morgan Stanley upped their target price on shares of FedEx from $195.00 to $210.00 and gave the stock an equal weight rating in a research note on Friday, March 22nd. BMO Capital Markets increased their price objective on shares of FedEx from $290.00 to $310.00 and gave the company a market perform rating in a research report on Friday, March 22nd. Evercore ISI lowered their price objective on shares of FedEx from $351.00 to $318.00 and set an outperform rating on the stock in a research report on Monday. Finally, Wells Fargo & Company raised shares of FedEx to a hold rating in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, FedEx presently has an average rating of Moderate Buy and an average price target of $303.88.

FedEx Trading Down 0.1 %

Shares of NYSE:FDX traded down $0.13 during midday trading on Tuesday, reaching $256.38. The company had a trading volume of 5,320,872 shares, compared to its average volume of 1,832,912. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. FedEx has a 1-year low of $224.69 and a 1-year high of $291.27. The firm has a market cap of $63.09 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.16. The company has a fifty day simple moving average of $256.30 and a two-hundred day simple moving average of $255.83.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. The firm had revenue of $22.11 billion for the quarter, compared to analyst estimates of $22.04 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $4.94 EPS. Research analysts predict that FedEx will post 17.76 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 24th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.15%. This is a boost from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date is Monday, June 24th. FedEx’s payout ratio is presently 29.07%.

FedEx announced that its board has initiated a stock repurchase program on Thursday, March 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the sale, the director now owns 7,865 shares of the company’s stock, valued at $2,265,277.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,919 shares of company stock worth $36,964,009. Corporate 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.