$4.83 EPS Expected for FedEx Co. (FDX) This Quarter

Equities analysts expect FedEx Co. (NYSE:FDX) to post earnings of $4.83 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for FedEx’s earnings. The highest EPS estimate is $5.64 and the lowest is $4.39. FedEx posted earnings per share of $4.25 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, June 19th.

On average, analysts expect that FedEx will report full year earnings of $13.54 per share for the current fiscal year, with EPS estimates ranging from $12.95 to $14.00. For the next year, analysts expect that the company will post earnings of $16.89 per share, with EPS estimates ranging from $15.50 to $18.12. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover FedEx.

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FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.61. The firm had revenue of $16.53 billion during the quarter, compared to analyst estimates of $16.17 billion. FedEx had a return on equity of 22.40% and a net margin of 6.99%. FedEx’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 earnings per share.

A number of brokerages recently issued reports on FDX. Stephens set a $306.00 price target on FedEx and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley lowered their price target on FedEx from $250.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday. Credit Suisse Group lowered their price target on FedEx from $314.00 to $306.00 and set an “outperform” rating for the company in a report on Wednesday. KeyCorp boosted their price target on FedEx from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus upgraded FedEx from a “hold” rating to a “buy” rating and boosted their price target for the company from $284.00 to $295.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have issued a buy rating to the company. FedEx has an average rating of “Buy” and an average price target of $279.66.

In other news, Director David P. Steiner sold 3,016 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now owns 16,040 shares in the company, valued at approximately $4,267,442. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Corporate insiders own 8.45% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of FDX. Cerebellum GP LLC acquired a new position in shares of FedEx in the 4th quarter valued at $125,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of FedEx in the 4th quarter valued at $144,000. Financial Engines Advisors L.L.C. acquired a new position in shares of FedEx in the 3rd quarter valued at $132,000. We Are One Seven LLC acquired a new position in shares of FedEx in the 4th quarter valued at $148,000. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of FedEx in the 3rd quarter valued at $136,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Shares of FedEx stock traded down $12.75 during midday trading on Thursday, hitting $236.27. The company had a trading volume of 4,247,463 shares, compared to its average volume of 1,960,296. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $67,505.50, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. FedEx has a 12-month low of $182.89 and a 12-month high of $274.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. FedEx’s dividend payout ratio is presently 12.22%.

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FedEx Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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