FedEx (FDX) Projected to Post Quarterly Earnings on Thursday

FedEx (NYSE:FDX) will likely be announcing its earnings results after the market closes on Thursday, March 20th. Analysts expect the company to announce earnings of $4.59 per share and revenue of $21.96 billion for the quarter. FedEx has set its FY25 guidance at $19.00-20.00 EPS and its FY 2025 guidance at 19.000-20.000 EPS.Investors interested in participating in the company’s conference call can do so using this link.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. FedEx’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.99 EPS. On average, analysts expect FedEx to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

FedEx Price Performance

NYSE FDX opened at $245.46 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $262.47 and a 200 day simple moving average of $273.86. The company has a market cap of $59.12 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.11 and a beta of 1.23. FedEx has a 1 year low of $239.50 and a 1 year high of $313.84.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of several recent analyst reports. BNP Paribas raised shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. BMO Capital Markets increased their price target on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a report on Friday, December 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, UBS Group increased their price target on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $318.04.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard W. Smith sold 2,576 shares of the firm’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 owns 111,886 shares of the company’s stock, valued at $30,984,589.98. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC grew its holdings in FedEx Co. (NYSE:FDX) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,825 shares of the shipping service provider’s stock after purchasing an additional 207 shares during the quarter. Brighton Jones LLC’s holdings in FedEx were worth $514,000 at the end of the most recent reporting period. Institutional investors own 84.47% of the company’s stock.

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.