Brokerages Expect FedEx Co. (NYSE:FDX) to Announce $6.80 Earnings Per Share

Wall Street brokerages expect FedEx Co. (NYSE:FDX – Get Rating) to report earnings of $6.80 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for FedEx’s earnings, with the lowest EPS estimate coming in at $6.20 and the highest estimate coming in at $7.22. FedEx posted earnings of $5.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 35.7%. The company is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that FedEx will report full year earnings of $20.56 per share for the current financial year, with EPS estimates ranging from $20.00 to $21.00. For the next financial year, analysts forecast that the firm will report earnings of $22.60 per share, with EPS estimates ranging from $21.85 to $23.88. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for FedEx.

FedEx (NYSE:FDX – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.10). The firm had revenue of $23.64 billion for the quarter, compared to analyst estimates of $23.33 billion. FedEx had a return on equity of 20.67% and a net margin of 5.60%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.47 EPS.

A number of analysts have weighed in on FDX shares. StockNews.com upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 13th. Citigroup cut their target price on shares of FedEx from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Bank of America cut their target price on shares of FedEx from $297.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Barclays cut their target price on shares of FedEx from $345.00 to $320.00 in a research report on Friday, March 18th. Finally, Credit Suisse Group set a $294.00 target price on shares of FedEx in a research report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $299.55.

Shares of NYSE FDX traded up $1.85 during trading hours on Friday, hitting $200.90. 2,253,925 shares of the stock were exchanged, compared to its average volume of 2,322,040. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.39. The company has a market cap of $52.07 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.32. The company’s fifty day simple moving average is $211.91 and its two-hundred day simple moving average is $231.20. FedEx has a 1-year low of $192.82 and a 1-year high of $319.90.

In related news, Director Paul S. Walsh sold 3,720 shares of FedEx stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $206.42, for a total transaction of $767,882.40. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at $2,889,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.16% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Quent Capital LLC acquired a new stake in FedEx in the fourth quarter worth $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in FedEx in the fourth quarter worth $26,000. Holloway Wealth Management LLC acquired a new stake in FedEx in the first quarter worth $29,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in FedEx in the fourth quarter worth $33,000. Finally, Level Financial Advisors Inc. acquired a new stake in FedEx in the fourth quarter worth $34,000. Institutional investors and hedge funds own 79.92% of the company’s stock.

About FedEx (Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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