Somewhat Negative Media Coverage Extremely Likely to Affect FedEx (FDX) Share Price
News headlines about FedEx (NYSE:FDX) have trended somewhat negative on Friday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. FedEx earned a media sentiment score of -1.00 on their scale. InfoTrie also gave news stories about the shipping service provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have impacted FedEx’s score:
- Walgreens teams with FedEx for one-day prescription delivery (bizjournals.com)
- Ex-Dividend Reminder: Donaldson, Genpact and FedEx (nasdaq.com)
- FedEx Stock Won’t Be Hurt by Amazon, Says Analyst (barrons.com)
- FedEx: Immediate Amazon Threat Overstated (seekingalpha.com)
- Hedge Funds Are Dumping FedEx Corporation (FDX) (feedproxy.google.com)
FDX has been the subject of several recent analyst reports. Morgan Stanley reiterated a “hold” rating and issued a $242.00 target price (down from $245.00) on shares of FedEx in a report on Tuesday, September 18th. Berenberg Bank initiated coverage on shares of FedEx in a report on Friday, September 21st. They issued a “buy” rating and a $300.00 target price for the company. Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $305.00 target price on shares of FedEx in a report on Tuesday, September 18th. Finally, Credit Suisse Group set a $307.00 target price on shares of FedEx and gave the stock a “buy” rating in a report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $285.85.
FedEx (NYSE:FDX) last posted its quarterly earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.32). The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.88 billion. FedEx had a return on equity of 23.71% and a net margin of 7.16%. FedEx’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. Sell-side analysts predict that FedEx will post 17.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, December 7th. FedEx’s dividend payout ratio (DPR) is 16.98%.
In other FedEx news, Director Susan Patricia Griffith acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The shares were purchased at an average price of $225.16 per share, with a total value of $225,160.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Edwardson sold 1,160 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total transaction of $281,126.00. Following the transaction, the director now directly owns 32,800 shares in the company, valued at approximately $7,949,080. The disclosure for this sale can be found here. 8.45% of the stock is owned by corporate insiders.
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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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