Analysts expect that FedEx Co. (NYSE:FDX) will announce earnings per share (EPS) of $3.11 for the current quarter, Zacks reports. Nine analysts have provided estimates for FedEx’s earnings, with the highest EPS estimate coming in at $3.41 and the lowest estimate coming in at $2.96. FedEx reported earnings per share of $3.72 in the same quarter last year, which would indicate a negative year over year growth rate of 16.4%. The company is expected to announce its next quarterly earnings report on Tuesday, March 19th.

On average, analysts expect that FedEx will report full-year earnings of $15.92 per share for the current financial year, with EPS estimates ranging from $15.57 to $16.24. For the next fiscal year, analysts forecast that the firm will report earnings of $17.78 per share, with EPS estimates ranging from $16.75 to $18.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover FedEx.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.05 by ($0.02). FedEx had a return on equity of 24.11% and a net margin of 7.23%. The company had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $17.71 billion. During the same period in the previous year, the company earned $3.18 earnings per share.

A number of equities analysts recently issued reports on FDX shares. Morgan Stanley set a $240.00 price target on shares of FedEx and gave the stock a “hold” rating in a research note on Monday, October 22nd. ValuEngine raised shares of FedEx from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 26th. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Citigroup decreased their target price on shares of FedEx from $304.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, Bank of America reaffirmed a “neutral” rating and set a $193.00 target price (down previously from $220.00) on shares of FedEx in a research note on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $237.75.

In other news, Director David P. Steiner purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were purchased at an average price of $162.92 per share, for a total transaction of $1,140,440.00. Following the completion of the acquisition, the director now directly owns 25,994 shares in the company, valued at approximately $4,234,942.48. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John L. Merino sold 2,300 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $182.24, for a total transaction of $419,152.00. Following the sale, the vice president now owns 30,185 shares in the company, valued at approximately $5,500,914.40. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several large investors have recently bought and sold shares of FDX. Northwest Wealth Management LLC grew its holdings in shares of FedEx by 842.1% during the fourth quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of FedEx by 1,666.7% during the fourth quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in FedEx in the fourth quarter worth approximately $43,000. Burt Wealth Advisors boosted its holdings in FedEx by 102.2% in the fourth quarter. Burt Wealth Advisors now owns 277 shares of the shipping service provider’s stock worth $45,000 after purchasing an additional 140 shares during the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in FedEx in the fourth quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.

FDX stock opened at $181.09 on Friday. FedEx has a 1 year low of $150.94 and a 1 year high of $266.67. The stock has a market capitalization of $47.27 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.87 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.85.

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.

Read More: Why do companies engage in swaps?

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.