Analysts expect that FedEx Co. (NYSE:FDX) will announce sales of $16.88 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for FedEx’s earnings. The highest sales estimate is $17.13 billion and the lowest is $16.47 billion. FedEx posted sales of $15.30 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, September 17th.

On average, analysts expect that FedEx will report full year sales of $71.04 billion for the current financial year, with estimates ranging from $70.28 billion to $71.49 billion. For the next financial year, analysts anticipate that the firm will post sales of $74.88 billion per share, with estimates ranging from $74.13 billion to $75.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow FedEx.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 19th. The shipping service provider reported $5.91 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.19. FedEx had a net margin of 6.99% and a return on equity of 23.17%. The company had revenue of $17.31 billion for the quarter, compared to analyst estimates of $17.24 billion. During the same period in the prior year, the business posted $4.25 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

FDX has been the topic of several research reports. Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Loop Capital lowered their price target on shares of FedEx to $310.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. UBS Group lowered shares of FedEx from a “buy” rating to a “neutral” rating and set a $256.00 price target on the stock. in a research report on Monday, July 16th. Citigroup increased their price target on shares of FedEx from $274.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, May 16th. Finally, Morgan Stanley increased their price target on shares of FedEx from $240.00 to $248.00 and gave the company an “equal weight” rating in a research report on Monday, June 4th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. FedEx currently has an average rating of “Buy” and a consensus price target of $287.70.

FDX stock opened at $252.98 on Thursday. The company has a market capitalization of $65.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45. FedEx has a 12 month low of $211.74 and a 12 month high of $274.66. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 0.79.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, September 7th. FedEx’s payout ratio is 16.98%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Exane Asset Management purchased a new position in shares of FedEx during the second quarter valued at approximately $216,000. HRT Financial LLC purchased a new position in shares of FedEx during the second quarter valued at approximately $986,000. SRS Capital Advisors Inc. lifted its stake in shares of FedEx by 28.0% during the second quarter. SRS Capital Advisors Inc. now owns 2,672 shares of the shipping service provider’s stock valued at $606,000 after buying an additional 584 shares during the period. Green Square Capital LLC lifted its stake in shares of FedEx by 3.2% during the second quarter. Green Square Capital LLC now owns 18,850 shares of the shipping service provider’s stock valued at $4,293,000 after buying an additional 585 shares during the period. Finally, HighPoint Advisor Group LLC lifted its stake in shares of FedEx by 38.4% during the second quarter. HighPoint Advisor Group LLC now owns 5,882 shares of the shipping service provider’s stock valued at $1,448,000 after buying an additional 1,632 shares during the period. 72.54% of the stock is currently owned by institutional investors and hedge funds.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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