Press coverage about FedEx (NYSE:FDX) has been trending somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. FedEx earned a media sentiment score of -1.00 on their scale. InfoTrie also gave media headlines about the shipping service provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected FedEx’s score:
- Walgreens teams with FedEx for one-day prescription delivery (bizjournals.com)
- Ex-Dividend Reminder: Donaldson, Genpact and FedEx (nasdaq.com)
- FedEx Stock Won’t Be Hurt by Amazon, Says Analyst (barrons.com)
- FedEx: Immediate Amazon Threat Overstated (seekingalpha.com)
- Hedge Funds Are Dumping FedEx Corporation (FDX) (feedproxy.google.com)
FedEx stock opened at $215.06 on Friday. The stock has a market cap of $56.79 billion, a PE ratio of 14.05, a P/E/G ratio of 0.97 and a beta of 1.35. FedEx has a 1 year low of $207.90 and a 1 year high of $274.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.78 by ($0.32). FedEx had a net margin of 7.16% and a return on equity of 23.71%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.88 billion. During the same quarter in the prior 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. Equities analysts forecast that FedEx will post 17.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.60 annualized dividend and a dividend yield of 1.21%. FedEx’s dividend payout ratio is presently 16.98%.
FDX has been the subject of several recent research reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $286.00 price objective on shares of FedEx in a report on Friday, October 12th. Berenberg Bank assumed coverage on FedEx in a research report on Friday, September 21st. They set a “buy” rating and a $300.00 target price for the company. Citigroup decreased their target price on FedEx from $304.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Bank of America decreased their target price on FedEx from $310.00 to $304.00 and set a “buy” rating for the company in a research report on Tuesday, September 18th. Finally, Wolfe Research set a $275.00 target price on FedEx and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $285.85.
In related news, Director John A. Edwardson sold 1,160 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total value of $281,126.00. Following the completion of the transaction, the director now directly owns 32,800 shares in the company, valued at approximately $7,949,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Patricia Griffith acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was acquired at an average price of $225.16 per share, with a total value of $225,160.00. The disclosure for this purchase can be found here. 8.45% of the stock is currently owned by 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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