FedEx (NYSE:FDX) Issues FY25 Earnings Guidance

FedEx (NYSE:FDX) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $18.00-18.60 for the period, compared to the consensus EPS estimate of $18.93. The company issued revenue guidance of flat to slightly down yr/yr, compared to the consensus revenue estimate of $87.59 billion.

Analysts Set New Price Targets

FDX has been the topic of a number of research analyst reports. Piper Sandler downgraded shares of FedEx to a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their target price on FedEx from $320.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Raymond James lowered FedEx from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Finally, Truist Financial began coverage on FedEx in a research report on Thursday, March 13th. They issued a “buy” rating and a $305.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $317.48.

FedEx Stock Performance

NYSE:FDX traded down $1.12 during trading hours on Thursday, reaching $246.00. 2,904,052 shares of the company’s stock were exchanged, compared to its average volume of 1,671,197. FedEx has a 1-year low of $239.50 and a 1-year high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $59.25 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a 50-day moving average of $261.33 and a 200 day moving average of $273.30.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.59 by ($0.08). The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.86 earnings per share. Research analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of FedEx 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 transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This 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 owned by company insiders.

Hedge Funds Weigh In On FedEx

A hedge fund recently raised its stake in FedEx stock. Brighton Jones LLC increased its holdings in FedEx Co. (NYSE:FDX) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,825 shares of the shipping service provider’s stock after acquiring an additional 207 shares during the quarter. Brighton Jones LLC’s holdings in FedEx were worth $514,000 as of its most recent filing with the SEC. 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.