FedEx (NYSE:FDX) Posts Earnings Results

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. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the firm earned $3.99 earnings per share. The business’s revenue was down .7% on a year-over-year basis. FedEx updated its FY25 guidance to $19.00-20.00 EPS and its FY 2025 guidance to 19.000-20.000 EPS.

FedEx Price Performance

Shares of FDX stock opened at $275.88 on Friday. FedEx has a 12-month low of $234.45 and a 12-month high of $313.84. The firm has a fifty day moving average of $282.48 and a 200-day moving average of $281.66. The firm has a market capitalization of $67.40 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth 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.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent analyst reports. Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. BMO Capital Markets reduced their target price on FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a report on Friday, September 20th. Raymond James dropped their price target on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Loop Capital dropped their target price on shares of FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. Finally, HSBC cut shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $316.68.

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.