FedEx (NYSE:FDX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, March 20th. Analysts expect the company to announce earnings of $2.83 per share for the quarter. FedEx has set its FY18 guidance at $12.70-13.30 EPS.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. On average, analysts expect FedEx to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.
Shares of FedEx (NYSE:FDX) opened at $246.54 on Tuesday. The company has a market cap of $66,050.00, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. FedEx has a 12 month low of $182.89 and a 12 month high of $274.66.
In related news, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the transaction, the director now directly owns 16,040 shares of the company’s stock, valued at $4,267,442. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by insiders.
FDX has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of FedEx to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Credit Suisse Group reiterated a “positive” rating and issued a $283.00 price target (up previously from $278.00) on shares of FedEx in a research note on Wednesday, December 20th. Stephens set a $306.00 price target on shares of FedEx and gave the company a “buy” rating in a research note on Wednesday, December 20th. Robert W. Baird reissued a “buy” rating and issued a $270.00 price objective on shares of FedEx in a research report on Monday, February 12th. Finally, Zacks Investment Research lowered shares of FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. FedEx currently has an average rating of “Buy” and an average price target of $275.04.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.