Equities research analysts predict that FedEx Co. (NYSE:FDX) will announce $4.91 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for FedEx’s earnings, with estimates ranging from $4.57 to $5.10. FedEx posted earnings of $5.91 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 18th.
On average, analysts expect that FedEx will report full year earnings of $15.44 per share for the current financial year, with EPS estimates ranging from $15.10 to $15.63. For the next financial year, analysts expect that the business will post earnings of $16.53 per share, with EPS estimates ranging from $15.22 to $17.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover FedEx.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.10 by ($0.07). The business had revenue of $17.01 billion during the quarter, compared to analyst estimates of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.72 EPS.
Shares of FDX traded up $0.09 during mid-day trading on Thursday, hitting $198.15. The company’s stock had a trading volume of 1,363,394 shares, compared to its average volume of 2,032,828. The stock has a market capitalization of $51.12 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.40. FedEx has a fifty-two week low of $150.94 and a fifty-two week high of $266.67.
The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, March 8th. FedEx’s dividend payout ratio is currently 16.98%.
In related news, Director Susan C. Schwab sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $175.11, for a total transaction of $525,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John L. Merino sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $182.24, for a total transaction of $419,152.00. Following the sale, the vice president now owns 30,185 shares of the company’s stock, valued at $5,500,914.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,950 shares of company stock valued at $35,170,622. 8.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of FDX. Vanguard Group Inc lifted its stake in FedEx by 0.5% in the third quarter. Vanguard Group Inc now owns 19,396,617 shares of the shipping service provider’s stock valued at $4,670,511,000 after acquiring an additional 96,084 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in FedEx by 15,104.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock valued at $87,000 after acquiring an additional 13,970,642 shares during the last quarter. Dodge & Cox lifted its stake in FedEx by 20.0% in the third quarter. Dodge & Cox now owns 12,391,153 shares of the shipping service provider’s stock valued at $2,983,666,000 after acquiring an additional 2,065,853 shares during the last quarter. Northern Trust Corp lifted its stake in FedEx by 3.0% in the fourth quarter. Northern Trust Corp now owns 2,859,318 shares of the shipping service provider’s stock valued at $461,295,000 after acquiring an additional 84,617 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in FedEx by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,746,237 shares of the shipping service provider’s stock valued at $442,149,000 after acquiring an additional 185,252 shares during the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.
FedEx Company Profile
FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.