FedEx (NYSE:FDX) Posts Earnings Results, Misses Expectations By $1.22 EPS

FedEx (NYSE:FDX) posted its quarterly earnings results on Thursday. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22), Briefing.com reports. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period last year, the business earned $4.55 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. FedEx updated its FY25 guidance to $20.00-21.00 EPS and its FY 2025 guidance to 20.000-21.000 EPS.

FedEx Price Performance

Shares of NYSE:FDX opened at $300.39 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $73.92 billion, a PE ratio of 17.43, a PEG ratio of 1.03 and a beta of 1.17. FedEx has a 1-year low of $224.69 and a 1-year high of $313.84. The business’s 50 day moving average is $293.32 and its 200-day moving average is $274.80.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, September 9th. FedEx’s payout ratio is presently 32.04%.

Insider Buying and Selling

In related news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul S. Walsh sold 2,535 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.72, for a total value of $747,115.20. Following the transaction, the director now owns 14,745 shares of the company’s stock, valued at approximately $4,345,646.40. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock worth $9,882,355 in the last 90 days. 8.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FDX. TD Cowen began coverage on FedEx in a research note on Thursday, August 22nd. They set a “buy” rating and a $334.00 price target for the company. Evercore ISI cut their price target on FedEx from $339.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Robert W. Baird cut their price target on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday. Daiwa America downgraded FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.13.

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.