FedEx (FDX) Scheduled to Post Earnings on Thursday

FedEx (NYSE:FDX) will post its quarterly earnings results after the market closes on Thursday, September 19th. Analysts expect FedEx to post earnings of $5.02 per share for the quarter. FedEx has set its FY25 guidance at $20.00-22.00 EPS and its FY 2025 guidance at 20.000-22.000 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The firm had revenue of $22.11 billion for the quarter, compared to analysts’ expectations of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.94 EPS. On average, analysts expect FedEx to post $21 EPS for the current fiscal year and $23 EPS for the next fiscal year.

FedEx Price Performance

FedEx stock opened at $284.86 on Thursday. The stock has a market capitalization of $70.10 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.03 and a beta of 1.17. FedEx has a 52-week low of $224.69 and a 52-week high of $313.84. The stock’s 50 day moving average price is $293.47 and its two-hundred day moving average price is $272.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, September 9th. FedEx’s payout ratio is 32.04%.

Insider Buying and Selling

In related news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FedEx news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $6,189,042.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at approximately $3,797,974.44. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock valued at $9,882,355 over the last quarter. 8.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FDX shares. Stifel Nicolaus reiterated a “buy” rating and issued a $327.00 target price (up from $303.00) on shares of FedEx in a report on Wednesday, June 26th. Bank of America raised their target price on FedEx from $340.00 to $347.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of FedEx in a report on Wednesday, June 26th. JPMorgan Chase & Co. upgraded FedEx from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $296.00 to $359.00 in a research note on Wednesday, June 26th. Finally, StockNews.com downgraded FedEx from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $313.96.

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.