Somewhat Positive Media Coverage Somewhat Unlikely to Impact FedEx Corporation (FDX) Share Price
Media coverage about FedEx Corporation (NYSE:FDX) has trended somewhat positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FedEx Corporation earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the shipping service provider an impact score of 45.5849588369511 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Traders Purchase Large Volume of FedEx Corporation Put Options (FDX) (americanbankingnews.com)
- FedEx Corporation Sees Unusually High Options Volume (FDX) (americanbankingnews.com)
- Hold On To FedEx – Seeking Alpha (seekingalpha.com)
- Why FedEx’s Ground Revenues Rose in Fiscal 1Q18 (finance.yahoo.com)
- FedEx Corp. :FDX-US: Earnings Analysis: Q1, 2018 By the Numbers : September 22, 2017 (finance.yahoo.com)
Several brokerages have recently weighed in on FDX. UBS AG reaffirmed a “buy” rating and set a $235.00 target price (up from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Cowen and Company reaffirmed a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Wednesday, September 20th. Sanford C. Bernstein set a $212.00 target price on FedEx Corporation and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $229.00 target price on shares of FedEx Corporation in a research note on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $225.26.
FedEx Corporation (FDX) opened at 220.00 on Monday. The stock’s 50 day moving average price is $210.17 and its 200-day moving average price is $202.36. FedEx Corporation has a 12-month low of $168.00 and a 12-month high of $222.71. The stock has a market capitalization of $58.99 billion, a PE ratio of 20.74 and a beta of 1.28.
FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 EPS. Analysts expect that FedEx Corporation will post $12.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.87%.
In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the sale, the director now owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kim Jabal sold 609 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $216.13, for a total value of $131,623.17. Following the sale, the director now directly owns 2,100 shares of the company’s stock, valued at approximately $453,873. The disclosure for this sale can be found here. 8.45% of the stock is owned by insiders.
FedEx Corporation Company Profile
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.
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