Equities Analysts Offer Predictions for FedEx Co.’s FY2017 Earnings (FDX)

FedEx Co. (NYSE:FDX) – Oppenheimer Holdings reduced their FY2017 earnings estimates for shares of FedEx in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Oppenheimer Holdings analyst S. Schneeberger now expects that the shipping service provider will post earnings of $11.85 per share for the year, down from their previous forecast of $12.10. Oppenheimer Holdings has a “Outperform” rating and a $214.00 price objective on the stock. Oppenheimer Holdings also issued estimates for FedEx’s Q4 2017 earnings at $3.79 EPS, FY2018 earnings at $13.86 EPS, FY2019 earnings at $15.85 EPS and FY2020 earnings at $18.00 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. JPMorgan Chase & Co. upped their price objective on FedEx to $236.00 in a research report on Wednesday, March 22nd. BMO Capital Markets upgraded FedEx from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a research report on Monday, March 6th. They noted that the move was a valuation call. Edward Jones raised FedEx from a “hold” rating to a “buy” rating in a report on Saturday, March 11th. Finally, Raymond James Financial, Inc. raised FedEx from a “market perform” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Monday, February 6th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. FedEx presently has an average rating of “Buy” and an average price target of $206.64.

Earnings History and Estimates for FedEx (NYSE:FDX)

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Shares of FedEx (NYSE:FDX) traded down 0.64% on Thursday, reaching $185.28. The company had a trading volume of 1,700,049 shares. FedEx has a 52-week low of $145.00 and a 52-week high of $201.57. The company’s 50-day moving average price is $191.70 and its 200-day moving average price is $187.55. The firm has a market capitalization of $49.54 billion, a price-to-earnings ratio of 26.34 and a beta of 1.14.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, March 21st. The shipping service provider reported $2.35 EPS for the quarter, missing the consensus estimate of $2.62 by $0.27. The firm earned $15 billion during the quarter, compared to the consensus estimate of $15 billion. FedEx had a return on equity of 22.02% and a net margin of 3.35%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $2.51 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in FDX. Bank of The Ozarks raised its position in shares of FedEx by 3.6% in the third quarter. Bank of The Ozarks now owns 9,405 shares of the shipping service provider’s stock valued at $1,643,000 after buying an additional 330 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of FedEx by 1.6% in the third quarter. Principal Financial Group Inc. now owns 365,575 shares of the shipping service provider’s stock valued at $63,859,000 after buying an additional 5,615 shares during the last quarter. Highland Capital Management LLC raised its position in shares of FedEx by 1.3% in the third quarter. Highland Capital Management LLC now owns 63,250 shares of the shipping service provider’s stock valued at $11,049,000 after buying an additional 794 shares during the last quarter. Ariel Capital Advisors LLC raised its position in shares of FedEx by 5.7% in the third quarter. Ariel Capital Advisors LLC now owns 11,827 shares of the shipping service provider’s stock valued at $2,066,000 after buying an additional 643 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of FedEx during the fourth quarter valued at about $17,335,000. Institutional investors and hedge funds own 75.22% of the company’s stock.

In other FedEx news, Director Paul S. Walsh sold 4,400 shares of the stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $196.38, for a total value of $864,072.00. Following the transaction, the director now owns 14,400 shares in the company, valued at $2,827,872. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert B. Carter sold 34,580 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $191.22, for a total value of $6,612,387.60. Following the completion of the transaction, the executive vice president now owns 77,062 shares in the company, valued at approximately $14,735,795.64. The disclosure for this sale can be found here. Insiders have sold 95,178 shares of company stock valued at $18,442,302 in the last ninety days. 8.67% of the stock is currently owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Monday, March 13th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 9th. This represents a $1.60 annualized dividend and a yield of 0.86%. FedEx’s dividend payout ratio is currently 23.46%.

About FedEx

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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