FedEx Co. Plans Quarterly Dividend of $0.20 (FDX)
FedEx (NYSE:FDX) declared a quarterly dividend on Monday, June 9th, American Banking & Market News reports. Investors of record on Thursday, June 19th will be given a dividend of 0.20 per share on Thursday, July 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.56%.
FDX has been the subject of a number of recent research reports. Analysts at Bernstein raised their price target on shares of FedEx from $136.00 to $139.00 in a research note on Tuesday, June 3rd. On the ratings front, analysts at Barclays downgraded shares of FedEx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 8th. They now have a $140.00 price target on the stock, down previously from $160.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FedEx in a research note on Friday, April 25th. They now have a $143.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $139.09.
Shares of FedEx (NYSE:FDX) traded up 0.67% during mid-day trading on Monday, hitting $143.65. 1,661,885 shares of the company’s stock traded hands. FedEx has a 52 week low of $94.60 and a 52 week high of $144.99. The stock’s 50-day moving average is $138.9 and its 200-day moving average is $137.1. The company has a market cap of $42.451 billion and a P/E ratio of 27.04.
FedEx (NYSE:FDX) last announced its earnings results on Wednesday, March 19th. The company reported $1.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.51 by $0.28. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the company posted $1.23 earnings per share. FedEx’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that FedEx will post $6.68 earnings per share for the current fiscal year.
FedEx Corporation (NYSE:FDX) is a holding company.
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