FedEx (NYSE:FDX) Announces Quarterly Earnings Results

FedEx (NYSE:FDX) released its quarterly earnings results on Thursday. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05), Briefing.com reports. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the firm posted $3.86 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. FedEx updated its FY25 guidance to $18.00-18.60 EPS and its FY 2025 guidance to 18.000-18.600 EPS.

FedEx Trading Down 0.5 %

Shares of FDX opened at $246.00 on Friday. FedEx has a fifty-two week low of $226.11 and a fifty-two week high of $313.84. The firm has a market cap of $59.25 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.11 and a beta of 1.23. The firm has a 50 day moving average price of $260.76 and a 200-day moving average price of $273.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is currently 35.18%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research analyst reports. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. BMO Capital Markets lifted their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Citigroup reduced their price objective on FedEx from $347.00 to $317.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group raised their price objective on shares of FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Truist Financial started coverage on shares of FedEx in a research note on Thursday, March 13th. They issued a “buy” rating and a $305.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $317.48.

Insider Activity at FedEx

In other FedEx news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC boosted its position in FedEx Co. (NYSE:FDX) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,825 shares of the shipping service provider’s stock after acquiring an additional 207 shares during the period. Brighton Jones LLC’s holdings in FedEx were worth $514,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

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.