FedEx (NYSE:FDX) Releases Quarterly Earnings Results

FedEx (NYSE:FDX) released its quarterly earnings results on Tuesday. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.78 by ($0.27), RTT News reports. The firm had revenue of $17.32 billion for the quarter, compared to analysts’ expectations of $17.69 billion. FedEx had a net margin of 0.65% and a return on equity of 21.15%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.03 earnings per share. FedEx updated its FY 2020
After-Hours guidance to 10.25-11.50 EPS and its FY20 guidance to $10.25-11.50 EPS.

FDX traded down $0.87 during trading on Tuesday, reaching $163.23. 5,746,526 shares of the company’s stock were exchanged, compared to its average volume of 2,284,078. FedEx has a 1 year low of $137.78 and a 1 year high of $199.32. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.31 and a quick ratio of 1.25. The stock has a market capitalization of $43.23 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The company’s fifty day simple moving average is $158.94 and its 200-day simple moving average is $158.74.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 9th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, December 6th. FedEx’s payout ratio is currently 16.75%.

FDX has been the subject of several analyst reports. Oppenheimer decreased their price target on shares of FedEx from $176.00 to $167.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Loop Capital decreased their price target on shares of FedEx to $200.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. BMO Capital Markets lowered shares of FedEx from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $190.00 to $165.00 in a research report on Wednesday, September 18th. Edward Jones lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, ValuEngine lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $171.20.

In other FedEx news, Director R Brad Martin purchased 1,000 shares of FedEx stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $145.00 per share, with a total value of $145,000.00. Following the transaction, the director now owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John A. Edwardson purchased 5,000 shares of FedEx stock in a transaction on Thursday, October 31st. The shares were acquired at an average cost of $151.75 per share, with a total value of $758,750.00. Following the completion of the transaction, the director now directly owns 62,966 shares in the company, valued at approximately $9,555,090.50. The disclosure for this purchase can be found here. Company insiders own 8.44% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

Read More: Earnings Reports

Earnings History for FedEx (NYSE:FDX)

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