FedEx (NYSE:FDX) Issues FY 2020 Earnings Guidance

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FedEx (NYSE:FDX) updated its FY 2020 earnings guidance on Tuesday. The company provided EPS guidance of $11.00-13.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $14.70. FedEx also updated its FY20 guidance to $11.00-13.00 EPS.

A number of brokerages have commented on FDX. Bank of America decreased their target price on FedEx from $188.00 to $173.00 and set a neutral rating for the company in a research note on Friday, May 31st. KeyCorp decreased their target price on FedEx from $215.00 to $190.00 and set an overweight rating for the company in a research note on Wednesday, June 12th. Barclays restated a buy rating and issued a $185.00 target price on shares of FedEx in a research note on Thursday, June 13th. Goldman Sachs Group began coverage on FedEx in a research note on Wednesday, July 10th. They issued a buy rating and a $200.00 target price for the company. Finally, Berenberg Bank set a $175.00 target price on FedEx and gave the company a hold rating in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $175.96.

Shares of NYSE FDX opened at $152.45 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.39 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $160.65 and a 200-day simple moving average of $170.59. The company has a market cap of $45.20 billion, a PE ratio of 9.82, a P/E/G ratio of 0.93 and a beta of 1.69. FedEx has a 12-month low of $147.82 and a 12-month high of $250.95.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.12). The business had revenue of $17.05 billion for the quarter, compared to analyst estimates of $17.05 billion. FedEx had a return on equity of 20.92% and a net margin of 0.65%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.46 earnings per share. Sell-side analysts forecast that FedEx will post 14.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.60 annualized dividend and a dividend yield of 1.71%. FedEx’s dividend payout ratio is presently 16.75%.

In related news, Director Paul S. Walsh sold 4,440 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total transaction of $718,747.20. Following the sale, the director now owns 16,440 shares of the company’s stock, valued at $2,661,307.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert B. Carter sold 23,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $175.78, for a total value of $4,060,518.00. Following the sale, the executive vice president now directly owns 68,446 shares in the company, valued at approximately $12,031,437.88. The disclosure for this sale can be found here. Insiders own 8.44% of the company’s stock.

About FedEx

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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