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.
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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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