FedEx (FDX) Updates FY 2019 Earnings Guidance

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FedEx (NYSE:FDX) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $15.50-16.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $17.33.

Several analysts recently issued reports on the stock. ValuEngine cut shares of FedEx from a sell rating to a strong sell rating in a research note on Thursday. Oppenheimer dropped their price target on shares of FedEx from $288.00 to $234.00 and set an outperform rating for the company in a research note on Wednesday. Loop Capital dropped their price target on shares of FedEx to $262.00 in a research note on Wednesday. Bank of America reissued a neutral rating and issued a $193.00 price target (down previously from $220.00) on shares of FedEx in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on shares of FedEx from $225.00 to $200.00 and set an outperform rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. FedEx has a consensus rating of Buy and a consensus price target of $251.76.

FedEx stock opened at $162.51 on Thursday. FedEx has a 1-year low of $162.50 and a 1-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 company has a market capitalization of $48.75 billion, a PE ratio of 10.61, a PEG ratio of 0.84 and a beta of 1.35.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 EPS for the quarter, missing the consensus estimate of $4.05 by ($0.02). FedEx had a return on equity of 24.15% and a net margin of 7.23%. The company had revenue of $17.82 billion during the quarter, compared to analyst estimates of $17.71 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. As a group, equities analysts forecast that FedEx will post 17.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.60 annualized dividend and a dividend yield of 1.60%. FedEx’s dividend payout ratio is currently 16.98%.

In related news, Director Susan Patricia Griffith acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The shares were purchased at an average cost of $225.16 per share, for a total transaction of $225,160.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

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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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Earnings History and Estimates for FedEx (NYSE:FDX)

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