Wall Street brokerages expect FedEx Co. (NYSE:FDX) to post earnings per share of $4.02 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for FedEx’s earnings, with estimates ranging from $3.38 to $4.35. FedEx posted earnings per share of $3.18 in the same quarter last year, which indicates a positive year over year growth rate of 26.4%. The business is expected to issue its next quarterly earnings report after the market closes on Tuesday, December 18th.

According to Zacks, analysts expect that FedEx will report full year earnings of $17.34 per share for the current financial year, with EPS estimates ranging from $17.11 to $17.50. For the next financial year, analysts forecast that the business will report earnings of $20.02 per share, with EPS estimates ranging from $18.48 to $20.95. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for FedEx.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Monday, September 17th. The shipping service provider reported $3.46 EPS for the quarter, missing the Zacks’ consensus estimate of $3.78 by ($0.32). FedEx had a return on equity of 23.71% and a net margin of 7.16%. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.88 billion. During the same period in the previous year, the business earned $2.65 earnings per share. FedEx’s revenue was up 11.5% on a year-over-year basis.

A number of equities analysts have recently commented on the company. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Morgan Stanley set a $240.00 price target on FedEx and gave the stock a “hold” rating in a report on Monday, October 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $305.00 price target on shares of FedEx in a report on Tuesday, September 18th. Credit Suisse Group set a $307.00 price objective on FedEx and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Bank of America dropped their price objective on FedEx from $310.00 to $304.00 and set a “buy” rating for the company in a research note on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $285.57.

In other news, Director Susan Patricia Griffith purchased 1,000 shares of the company’s stock in a transaction on Wednesday, October 17th. The stock was purchased at an average price of $225.16 per share, with a total value of $225,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Edwardson sold 1,160 shares of FedEx stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total value of $281,126.00. Following the sale, the director now directly owns 32,800 shares of the company’s stock, valued at approximately $7,949,080. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. D.B. Root & Company LLC increased its holdings in shares of FedEx by 7.6% in the second quarter. D.B. Root & Company LLC now owns 2,964 shares of the shipping service provider’s stock worth $673,000 after buying an additional 210 shares during the period. Advisory Services Network LLC boosted its holdings in shares of FedEx by 4.6% during the 2nd quarter. Advisory Services Network LLC now owns 5,237 shares of the shipping service provider’s stock valued at $1,263,000 after purchasing an additional 230 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of FedEx by 10.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,422 shares of the shipping service provider’s stock valued at $583,000 after purchasing an additional 233 shares during the last quarter. Covenant Asset Management LLC boosted its holdings in shares of FedEx by 3.3% during the 2nd quarter. Covenant Asset Management LLC now owns 7,250 shares of the shipping service provider’s stock valued at $1,646,000 after purchasing an additional 234 shares during the last quarter. Finally, Nwam LLC boosted its holdings in shares of FedEx by 13.4% during the 3rd quarter. Nwam LLC now owns 2,012 shares of the shipping service provider’s stock valued at $484,000 after purchasing an additional 237 shares during the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.

Shares of FedEx stock traded up $2.65 during trading hours on Friday, reaching $225.16. The company had a trading volume of 1,372,371 shares, compared to its average volume of 1,566,807. FedEx has a one year low of $207.90 and a one year high of $274.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26. The firm has a market capitalization of $57.88 billion, a P/E ratio of 14.71, a PEG ratio of 0.99 and a beta of 1.36.

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.

Featured Article: How to Invest in Growth Stocks

Get a free copy of the Zacks research report on FedEx (FDX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FedEx (NYSE:FDX)

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.