FedEx (FDX) to Announce Earnings on Thursday

FedEx (NYSE:FDX) is expected to be announcing its results after the market closes on Thursday, September 17th. Analysts expect the company to post earnings of $4.21 per share and revenue of $23.1984 billion for the quarter.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $23.26 billion for the quarter. On average, analysts expect FedEx to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

FedEx Stock Down 1.4%

Shares of NYSE:FDX opened at $308.31 on Wednesday. FedEx has a 52 week low of $179.50 and a 52 week high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The company has a market capitalization of $72.97 billion, a PE ratio of 16.66, a PEG ratio of 1.67 and a beta of 1.32. The company has a 50 day moving average price of $319.13 and a two-hundred day moving average price of $345.46.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a $1.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s dividend payout ratio is currently 26.36%.

Analyst Ratings Changes

Several analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. The Goldman Sachs Group decreased their target price on FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Weiss Ratings downgraded FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. Wall Street Zen raised FedEx to a “hold” rating in a research report on Saturday, August 8th. Finally, Barclays cut their price objective on FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.17.

Insider Buying and Selling

In related news, Director Paul Walsh sold 5,042 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director directly owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.