FedEx (FDX) Expected to Announce Earnings on Thursday

FedEx (NYSE:FDX - Get Free Report) will likely be issuing its quarterly earnings data 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 - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the business posted $3.99 earnings per share. FedEx's quarterly revenue was down .7% compared to the same quarter last year. 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 0.1 %

FDX traded up $0.28 on Tuesday, hitting $245.58. The company had a trading volume of 1,587,629 shares, compared to its average volume of 1,685,398. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx has a 52-week low of $239.50 and a 52-week high of $313.84. The stock has a fifty day simple moving average of $262.47 and a 200-day simple moving average of $273.86. The firm has a market capitalization of $59.15 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.11 and a beta of 1.23.

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FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Monday, March 10th. FedEx's dividend payout ratio is 35.18%.

Analysts Set New Price Targets

FDX has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of FedEx from $368.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. TD Cowen raised their price target on shares of FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Truist Financial initiated coverage on shares of FedEx in a research report on Thursday, March 13th. They set a "buy" rating and a $305.00 price target for the company. Citigroup reduced their price target on shares of FedEx from $347.00 to $317.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Raymond James downgraded shares of FedEx from an "outperform" rating to a "market perform" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $317.48.

Insider Transactions at FedEx

In other news, Director Susan C. Schwab sold 3,980 shares of the business'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 sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the company'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 transaction, the chief executive officer now owns 111,886 shares in the company, valued at $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. Insiders own 8.87% of the company's stock.

Hedge Funds Weigh In On FedEx

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC boosted its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 12.8% during the 4th quarter, according to its most recent 13F 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 period. Brighton Jones LLC's holdings in FedEx were worth $514,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.