FedEx Corp. (FDX) to Release Quarterly Earnings on Wednesday
FedEx Corp. (NYSE:FDX) will be announcing its Q1 2014 earnings results on Wednesday, September 18th. FedEx Corp. has set its FY14 guidance at $6.67-7.04 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
FedEx Corp. (NYSE:FDX) last announced its earnings results on Wednesday, June 19th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.17. The company had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.44 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts expect FedEx Corp. to post $6.97 EPS for the current fiscal year and $8.68 EPS for the next fiscal year.
Shares of FedEx Corp. (NYSE:FDX) opened at 109.57 on Tuesday. FedEx Corp. has a 52 week low of $83.92 and a 52 week high of $113.34. The stock has a 50-day moving average of $108.5 and a 200-day moving average of $101.8. The company has a market cap of $34.688 billion and a P/E ratio of 21.84.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, September 6th.
A number of analysts have recently weighed in on FDX shares. Analysts at Barclays Capital downgraded shares of FedEx Corp. (NYSE:FDX) to an “overweight” rating in a research note to investors on Monday, August 19th. On the ratings front, analysts at Standpoint Research downgraded shares of FedEx Corp. (NYSE:FDX) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 1st. Finally, analysts at Credit Suisse initiated coverage on shares of FedEx Corp. (NYSE:FDX) in a research note to investors on Monday, July 29th. They set a “neutral” rating and a $108.00 price target on the stock.
One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $113.17.
FedEx Corporation (NYSE:FDX) is a holding company.
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