FedEx Corporation (FDX) to Issue Quarterly Dividend of $1.45 on January 6th

FedEx Corporation (NYSE:FDX) declared a quarterly dividend on Friday, November 21st. Shareholders of record on Monday, December 15th will be paid a dividend of 1.45 per share by the shipping service provider on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, December 15th.

FedEx has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. FedEx has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect FedEx to earn $21.65 per share next year, which means the company should continue to be able to cover its $5.80 annual dividend with an expected future payout ratio of 26.8%.

FedEx Trading Down 0.1%

Shares of FedEx stock traded down $0.16 during trading hours on Friday, hitting $284.62. The company’s stock had a trading volume of 1,221,450 shares, compared to its average volume of 1,321,338. The business has a fifty day moving average of $257.72 and a 200 day moving average of $238.95. FedEx has a 1-year low of $194.29 and a 1-year high of $295.24. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $67.16 billion, a PE ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts forecast that FedEx will post 19.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen raised their target price on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Daiwa Capital Markets increased their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Stifel Nicolaus upped their target price on shares of FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Vertical Research lowered their target price on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $284.29.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.