FedEx Co. (FDX) Declares Quarterly Dividend of $0.20
FedEx (NYSE:FDX) declared a quarterly dividend on Friday, August 15th, AnalystRatings.NET reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.20 per share on Wednesday, October 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%.
A number of analysts have recently weighed in on FDX shares. Analysts at Zacks reiterated a “neutral” rating on shares of FedEx in a research note on Friday, July 25th. They now have a $160.00 price target on the stock. On a related note, analysts at Argus raised their price target on shares of FedEx from $162.00 to $169.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of FedEx from $161.00 to $168.00 in a research note on Monday, June 30th. They now have an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. FedEx presently has a consensus rating of “Buy” and an average price target of $151.40.
FedEx (NYSE:FDX) opened at 149.64 on Friday. FedEx has a 52-week low of $106.38 and a 52-week high of $155.31. The stock’s 50-day moving average is $150.3 and its 200-day moving average is $140.2. The company has a market cap of $42.711 billion and a P/E ratio of 22.17.
FedEx (NYSE:FDX) last released its earnings data on Wednesday, June 18th. The company reported $2.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.13 earnings per share. FedEx’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that FedEx will post $8.81 EPS for the current fiscal year.
FedEx Corporation (NYSE:FDX) is a holding company.
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