FedEx Corporation (NYSE:FDX) – Investment analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for FedEx Corporation in a research note issued on Tuesday. KeyCorp analyst T. Fowler expects that the shipping service provider will earn $3.04 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $260.00 target price on the stock. KeyCorp also issued estimates for FedEx Corporation’s Q3 2018 earnings at $3.01 EPS, Q4 2018 earnings at $4.19 EPS, FY2018 earnings at $12.75 EPS and FY2019 earnings at $15.25 EPS.
FDX has been the topic of a number of other reports. Vetr lowered FedEx Corporation to a “sell” rating and set a $204.84 target price on the stock. in a research report on Thursday, August 31st. BMO Capital Markets reiterated a “buy” rating and issued a $245.00 price target on shares of FedEx Corporation in a report on Wednesday, September 6th. BidaskClub downgraded FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research downgraded FedEx Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $247.00 price target (up from $240.00) on shares of FedEx Corporation in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $228.26.
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Shares of FedEx Corporation (NYSE FDX) traded down 0.54% during trading on Friday, reaching $223.85. 374,913 shares of the company’s stock traded hands. The stock has a market capitalization of $60.02 billion, a PE ratio of 21.10 and a beta of 1.31. FedEx Corporation has a 1-year low of $168.00 and a 1-year high of $227.00. The company has a 50 day moving average price of $217.17 and a 200 day moving average price of $205.79.
FedEx Corporation (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.90 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. FedEx Corporation’s dividend payout ratio (DPR) is 18.87%.
In other news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares in the company, valued at $6,709,780. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the sale, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,172 shares of company stock valued at $6,039,193. Insiders own 8.45% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB acquired a new stake in shares of FedEx Corporation in the second quarter valued at $435,000. Janney Montgomery Scott LLC lifted its holdings in shares of FedEx Corporation by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock valued at $11,584,000 after buying an additional 707 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FedEx Corporation by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 69,903 shares of the shipping service provider’s stock valued at $13,641,000 after buying an additional 1,852 shares during the period. Harbour Capital Advisors LLC lifted its holdings in shares of FedEx Corporation by 21,011.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock valued at $6,556,000 after buying an additional 1,418,066 shares during the period. Finally, Sprott Inc. lifted its holdings in shares of FedEx Corporation by 11.7% in the second quarter. Sprott Inc. now owns 7,650 shares of the shipping service provider’s stock valued at $1,663,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 75.89% of the company’s stock.
FedEx Corporation Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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