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.