FedEx (NYSE:FDX) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

FedEx (NYSE:FDX) issued its earnings results on Thursday. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17, Zacks reports. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 EPS. FedEx updated its FY25 guidance to $19.00-20.00 EPS and its FY 2025 guidance to 19.000-20.000 EPS.

FedEx Price Performance

NYSE FDX opened at $275.73 on Friday. The company has a market cap of $67.37 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $282.71 and its two-hundred day simple moving average is $281.85. FedEx has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $215.00 to $200.00 in a report on Friday, September 20th. JPMorgan Chase & Co. upped their price objective on shares of FedEx from $366.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup lifted their price objective on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped their target price on shares of FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.88.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.