FedEx Co. (FDX) Issues FY15 Earnings Guidance
FedEx Co. (NYSE:FDX) updated its FY15 earnings guidance on Wednesday. The company provided EPS guidance of $8.50-9.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.73, Stock Ratings Network.com reports.
Several analysts have recently commented on the stock. 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 a related note, 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, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $139.81.
Shares of FedEx Co. (NYSE:FDX) opened at 140.31 on Wednesday. FedEx Co. has a 1-year low of $94.60 and a 1-year high of $144.99. The stock has a 50-day moving average of $140.0 and a 200-day moving average of $137.. The company has a market cap of $41.464 billion and a P/E ratio of 26.58.
FedEx (NYSE:FDX) last announced its earnings results on Wednesday, June 18th. The company reported $2.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.36 by $0.10. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.66 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that FedEx Co. will post $6.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Thursday, June 19th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Tuesday, June 17th. This is an increase from FedEx’s previous quarterly dividend of $0.15.
FedEx Corporation (NYSE:FDX) is a holding company.
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