Analysts Anticipate FedEx Co. (FDX) Will Post Earnings of $4.02 Per Share

Wall Street analysts expect FedEx Co. (NYSE:FDX) to announce earnings of $4.02 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for FedEx’s earnings. The highest EPS estimate is $4.35 and the lowest is $3.38. FedEx posted earnings of $3.18 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.4%. The business is expected to announce its next earnings report after the market closes on Tuesday, December 18th.

According to Zacks, analysts expect that FedEx will report full year earnings of $17.34 per share for the current fiscal year, with EPS estimates ranging from $17.11 to $17.50. For the next fiscal year, analysts expect that the firm will post earnings of $20.02 per share, with EPS estimates ranging from $18.48 to $20.95. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for FedEx.

FedEx (NYSE:FDX) last released its quarterly earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.78 by ($0.32). FedEx had a net margin of 7.16% and a return on equity of 23.71%. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.88 billion. During the same period in the prior year, the firm posted $2.65 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis.

FDX has been the topic of several research analyst reports. Wolfe Research set a $275.00 price objective on FedEx and gave the company a “buy” rating in a research report on Tuesday, September 18th. Loop Capital boosted their price objective on FedEx to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Berenberg Bank initiated coverage on FedEx in a research report on Friday, September 21st. They issued a “buy” rating and a $300.00 price objective on the stock. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Robert W. Baird boosted their price objective on FedEx from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, September 18th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $284.86.

In related news, Director John A. Edwardson sold 1,160 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total value of $281,126.00. Following the sale, the director now directly owns 32,800 shares in the company, valued at $7,949,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Patricia Griffith bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was purchased at an average price of $225.16 per share, for a total transaction of $225,160.00. The disclosure for this purchase can be found here. 8.45% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Palo Capital Inc. purchased a new stake in FedEx during the third quarter valued at approximately $108,000. Vigilant Capital Management LLC purchased a new stake in FedEx during the second quarter valued at approximately $114,000. Lenox Wealth Advisors LLC purchased a new stake in FedEx during the third quarter valued at approximately $120,000. Fortis Advisors LLC raised its position in FedEx by 278.2% during the second quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock valued at $115,000 after purchasing an additional 370 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new stake in FedEx during the third quarter valued at approximately $134,000. Institutional investors own 72.79% of the company’s stock.

NYSE:FDX opened at $229.40 on Friday. FedEx has a 52-week low of $207.90 and a 52-week high of $274.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26. The stock has a market cap of $59.76 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.02 and a beta of 1.36.

About FedEx

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.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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