FedEx Plans Quarterly Dividend of $0.15 (FDX)

FedEx (NYSE:FDX) declared a quarterly dividend on Tuesday, June 4th, AnalystRatingsNetwork.com reports. Investors of record on Monday, June 17th will be given a dividend of $0.15 per share on Monday, July 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from FedEx’s previous quarterly dividend of $0.14.

A number of research firms have also recently commented on FDX. Analysts at Deutsche Bank reiterated a “buy” rating on shares of FedEx in a research note to investors on Tuesday. They now have a $125.00 price target on the stock. On a related note, analysts at Bank of America reiterated a “buy” rating on shares of FedEx in a research note to investors on Tuesday. They now have a $120.00 price target on the stock, up previously from $115.00. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of FedEx in a research note to investors on Wednesday, May 29th.

One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $110.95.

FedEx (NYSE: FDX) opened at 98.38 on Wednesday. FedEx has a 52-week low of $83.80 and a 52-week high of $109.66. The stock’s 50-day moving average is currently $96.73. The company has a market cap of $31.173 billion and a price-to-earnings ratio of 17.23.

FedEx (NYSE: FDX) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.39 by $0.16. The company had revenue of $11.00 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter last year, the company posted $1.55 earnings per share. FedEx’s revenue was up 4.2% compared to the same quarter last year. FedEx has set its Q4 guidance at $1.90-2.10 EPS and its FY13 guidance at $6.00-6.20 EPS. On average, analysts predict that FedEx will post $6.05 earnings per share for the current fiscal year.

FedEx Corporation (NYSE: FDX) is a holding company.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.