FedEx (FDX) Issues FY19 Earnings Guidance

Share on StockTwits

FedEx (NYSE:FDX) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $15.10-15.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.91. FedEx also updated its FY 2019 guidance to $15.10-15.90 EPS.

Shares of FDX traded down $0.99 during mid-day trading on Tuesday, reaching $181.41. 3,328,236 shares of the company’s stock traded hands, compared to its average volume of 2,008,563. The stock has a market cap of $46.46 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.88 and a beta of 1.63. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. FedEx has a 12 month low of $150.94 and a 12 month high of $266.67.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.10 by ($0.07). The business had revenue of $17.01 billion for the quarter, compared to the consensus estimate of $17.70 billion. FedEx had a net margin of 7.23% and a return on equity of 24.11%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $3.72 EPS. As a group, analysts forecast that FedEx will post 15.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.43%. FedEx’s dividend payout ratio (DPR) is presently 16.98%.

FDX has been the topic of a number of recent analyst reports. Daiwa Capital Markets set a $190.00 price target on FedEx and gave the company a buy rating in a report on Thursday, December 20th. Zacks Investment Research raised FedEx from a sell rating to a hold rating in a report on Monday, December 3rd. BMO Capital Markets cut their price target on FedEx to $245.00 and set an outperform rating on the stock in a report on Wednesday, December 19th. They noted that the move was a valuation call. ValuEngine raised FedEx from a strong sell rating to a sell rating in a report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and set a $233.00 price target on shares of FedEx in a report on Monday, December 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. FedEx has an average rating of Buy and a consensus price target of $234.50.

In related news, VP John L. Merino sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $182.24, for a total transaction of $419,152.00. Following the transaction, the vice president now owns 30,185 shares in the company, valued at $5,500,914.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Steiner acquired 7,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were bought at an average price of $162.92 per share, for a total transaction of $1,140,440.00. Following the purchase, the director now directly owns 25,994 shares of the company’s stock, valued at $4,234,942.48. The disclosure for this purchase can be found here. 8.50% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “FedEx (FDX) Issues FY19 Earnings Guidance” was first published by Zolmax and is owned by of Zolmax. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://zolmax.com/investing/fedex-fdx-issues-fy19-earnings-guidance/2975383.html.

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.

Featured Article: Capital Gains

Earnings History and Estimates for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Varonis Systems  Upgraded to Hold by Zacks Investment Research
Varonis Systems Upgraded to Hold by Zacks Investment Research
DEUTSCHE POST A/S’s  Neutral Rating Reiterated at Royal Bank of Canada
DEUTSCHE POST A/S’s Neutral Rating Reiterated at Royal Bank of Canada
Husky Energy  Raised to “Buy” at TD Securities
Husky Energy Raised to “Buy” at TD Securities
Acceleron Pharma  Cut to Buy at ValuEngine
Acceleron Pharma Cut to Buy at ValuEngine
Wipro Limited  Given Average Rating of “Hold” by Brokerages
Wipro Limited Given Average Rating of “Hold” by Brokerages
Zacks: Analysts Anticipate Henry Schein, Inc.  to Announce $0.76 EPS
Zacks: Analysts Anticipate Henry Schein, Inc. to Announce $0.76 EPS


 
© 2006-2019 Zolmax.