FedEx (NYSE:FDX) Posts Earnings Results

FedEx (NYSE:FDX) released its quarterly earnings results on Thursday. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05), Briefing.com reports. The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 earnings per share. FedEx updated its FY25 guidance to $18.00-18.60 EPS and its FY 2025 guidance to 18.000-18.600 EPS.

FedEx Trading Down 6.5 %

Shares of NYSE FDX opened at $230.25 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $55.46 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx has a 1-year low of $217.22 and a 1-year high of $313.84. The business has a fifty day moving average price of $259.95 and a 200 day moving average price of $272.64.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 2.40%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday. Loop Capital downgraded FedEx from a “hold” rating to a “sell” rating and cut their price objective for the company from $283.00 to $221.00 in a research note on Friday. Sanford C. Bernstein downgraded FedEx from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. TD Cowen cut their price objective on FedEx from $337.00 to $310.00 and set a “buy” rating for the company in a research note on Friday. Finally, Raymond James cut their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $301.60.

Insider Buying and Selling

In other FedEx news, Director Amy B. Lane purchased 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the 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 of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC lifted its position in FedEx Co. (NYSE:FDX) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing. 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.