FedEx (FDX) to Release Earnings on Thursday

FedEx (NYSE:FDX) is scheduled to announce its earnings results after the market closes on Thursday, September 19th. Analysts expect FedEx to post 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.Investors interested in registering for the company’s conference call can do so using this link.

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

FedEx Trading Up 2.2 %

FDX opened at $292.63 on Tuesday. The stock has a market cap of $72.01 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. The company has a fifty day moving average of $293.11 and a 200-day moving average of $274.10. FedEx has a twelve month low of $224.69 and a twelve month high of $313.84. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.73.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.89%. FedEx’s dividend payout ratio is currently 32.04%.

Insider Transactions at FedEx

In other news, CAO Guy M. Erwin II sold 116 shares of FedEx stock in a transaction on 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 of the company’s stock, valued at approximately $278,293.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the sale, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Guy M. Erwin II sold 116 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 930 shares of the company’s stock, valued at $278,293.20. The disclosure for this sale can be found here. Insiders have sold 32,944 shares of company stock valued at $9,882,355 in the last 90 days. 8.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FDX shares. Argus lifted their price objective on FedEx from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley boosted their price target on shares of FedEx from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 26th. TD Cowen started coverage on shares of FedEx in a research report on Thursday, August 22nd. They issued a “buy” rating and a $334.00 price target on the stock. Raymond James lowered their price objective on FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Finally, Stephens restated an “overweight” rating and set a $325.00 price target on shares of FedEx in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, FedEx currently has an average 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.