FedEx (NYSE:FDX) Releases Earnings Results, Beats Estimates By $0.17 EPS

FedEx (NYSE:FDX) posted its quarterly earnings data on Thursday. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17, Zacks reports. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.99 EPS. FedEx updated its FY25 guidance to $19.00-20.00 EPS and its FY 2025 guidance to 19.000-20.000 EPS.

FedEx Trading Up 1.0 %

NYSE FDX traded up $2.72 during trading hours on Thursday, hitting $275.88. The company’s stock had a trading volume of 3,585,336 shares, compared to its average volume of 1,791,933. FedEx has a twelve month low of $234.45 and a twelve month high of $313.84. The firm has a market capitalization of $67.40 billion, a P/E ratio of 17.02, a PEG ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $282.25 and a 200 day moving average of $281.70.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio is 34.05%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America decreased their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Loop Capital dropped their price objective on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $215.00 to $200.00 in a research note on Friday, September 20th. Finally, The Goldman Sachs Group dropped their price target on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.68.

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.