FedEx (FDX) Scheduled to Post Earnings on Thursday

FedEx (NYSE:FDX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, September 19th. Analysts expect the company to announce earnings of $5.02 per share for the quarter. FedEx has set its FY25 guidance at $20.00-22.00 EPS and its FY 2025 guidance at 20.000-22.000 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.34 by $0.07. The business had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.94 earnings per share. On average, analysts expect FedEx to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

FedEx Price Performance

Shares of NYSE FDX opened at $297.36 on Wednesday. The business has a fifty day moving average price of $293.20 and a two-hundred day moving average price of $274.45. The stock has a market capitalization of $73.17 billion, a PE ratio of 17.26, a P/E/G ratio of 1.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. FedEx has a fifty-two week low of $224.69 and a fifty-two week high of $313.84.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio is currently 32.04%.

Insider Buying and Selling at FedEx

In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other FedEx news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the transaction, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,944 shares of company stock valued at $9,882,355. Company insiders own 8.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $327.00 price objective (up from $303.00) on shares of FedEx in a research report on Wednesday, June 26th. The Goldman Sachs Group raised their price target on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Daiwa America lowered shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. UBS Group dropped their price objective on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, Evercore ISI decreased their target price on shares of FedEx from $339.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.67.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.