FedEx (FDX) Expected to Announce Earnings on Thursday

FedEx (NYSE:FDX - Get Free Report) is anticipated to announce 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 registering for the company's conference call can do so using this link.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period in the prior year, the company posted $3.99 EPS. FedEx's quarterly revenue was down .7% on a year-over-year basis. On average, analysts expect FedEx to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

FedEx Stock Up 0.0 %

Shares of FDX traded up $0.12 during trading on Wednesday, reaching $245.92. The company's stock had a trading volume of 461,298 shares, compared to its average volume of 1,680,266. The company has a fifty day moving average of $261.87 and a two-hundred day moving average of $273.48. FedEx has a twelve month low of $239.50 and a twelve month high of $313.84. The company has a market cap of $59.23 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

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FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FDX shares. JPMorgan Chase & Co. dropped their price target on FedEx from $372.00 to $323.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. TD Cowen upped their price target on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Loop Capital lowered FedEx from a "buy" rating to a "hold" rating and dropped their price target for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. Raymond James downgraded FedEx from an "outperform" rating to a "market perform" rating in a research note on Monday, February 3rd. Finally, Citigroup lowered their price objective on FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $317.48.

Insider Buying and Selling

In other FedEx news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard W. Smith sold 2,576 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FedEx stock. Brighton Jones LLC increased its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,825 shares of the shipping service provider's stock after acquiring an additional 207 shares during the period. Brighton Jones LLC's holdings in FedEx were worth $514,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Company Profile

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.