Analysts Anticipate FedEx Co. (FDX) to Post $4.08 Earnings Per Share

Equities analysts expect that FedEx Co. (NYSE:FDX) will announce $4.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for FedEx’s earnings. The highest EPS estimate is $4.35 and the lowest is $3.79. FedEx posted earnings per share of $3.18 in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.3%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, December 18th.

According to Zacks, analysts expect that FedEx will report full year earnings of $17.34 per share for the current financial year, with EPS estimates ranging from $17.11 to $17.50. For the next fiscal year, analysts forecast that the firm will report earnings of $20.15 per share, with EPS estimates ranging from $19.70 to $20.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover FedEx.

FedEx (NYSE:FDX) last released its earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.32). FedEx had a net margin of 7.16% and a return on equity of 23.71%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. FedEx’s revenue for the quarter was up 11.5% compared to the same quarter last year.

A number of research firms recently issued reports on FDX. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Bank of America decreased their price objective on shares of FedEx from $310.00 to $304.00 and set a “buy” rating for the company in a research note on Tuesday, September 18th. Morgan Stanley set a $240.00 price objective on shares of FedEx and gave the stock a “hold” rating in a research note on Monday, October 22nd. Robert W. Baird boosted their price objective on shares of FedEx from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Finally, Citigroup decreased their price objective on shares of FedEx from $304.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $286.35.

In other news, Director John A. Edwardson sold 1,160 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total transaction of $281,126.00. Following the transaction, the director now directly owns 32,800 shares of the company’s stock, valued at $7,949,080. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Patricia Griffith bought 1,000 shares of FedEx stock in a transaction dated Wednesday, October 17th. The shares were purchased at an average cost of $225.16 per share, for a total transaction of $225,160.00. The disclosure for this purchase can be found here. 8.45% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FDX. Palo Capital Inc. acquired a new position in shares of FedEx during the third quarter worth $108,000. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of FedEx during the third quarter worth $110,000. Moneta Group Investment Advisors LLC lifted its position in shares of FedEx by 14,117.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 63,835 shares of the shipping service provider’s stock worth $114,000 after purchasing an additional 63,386 shares in the last quarter. Fortis Advisors LLC lifted its position in shares of FedEx by 278.2% during the second quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock worth $115,000 after purchasing an additional 370 shares in the last quarter. Finally, Lenox Wealth Advisors LLC acquired a new position in shares of FedEx during the third quarter worth $120,000. 71.23% of the stock is currently owned by institutional investors and hedge funds.

FedEx stock opened at $229.00 on Friday. FedEx has a 1 year low of $207.90 and a 1 year high of $274.66. The company has a market capitalization of $59.95 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.03 and a beta of 1.36. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.79.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.60 annualized dividend and a yield of 1.14%. FedEx’s dividend payout ratio is currently 16.98%.

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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