FedEx (NYSE:FDX – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 18.000-18.600 for the period, compared to the consensus EPS estimate of 19.180. The company issued revenue guidance of -$87.7 billion, compared to the consensus revenue estimate of $87.9 billion. FedEx also updated its FY25 guidance to $18.00-18.60 EPS.
Wall Street Analyst Weigh In
Several analysts have weighed in on FDX shares. Bank of America upped their price objective on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Piper Sandler cut FedEx to a “neutral” rating in a report on Monday, February 3rd. Loop Capital lowered shares of FedEx from a “buy” rating to a “hold” rating and decreased their price target for the company from $365.00 to $283.00 in a report on Monday, February 3rd. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Citigroup cut their price target on FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.48.
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FedEx Stock Performance
FedEx (NYSE:FDX – Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the business posted $3.86 earnings per share. FedEx’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that FedEx will post 19.14 EPS for the current year.
FedEx Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.24%. FedEx’s payout ratio is 35.18%.
Insider Buying and Selling
In other FedEx news, Director Amy B. Lane bought 333 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was purchased 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 directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. 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
An institutional investor recently raised its position in FedEx stock. Brighton Jones LLC grew its position in FedEx Co. (NYSE:FDX – Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,825 shares of the shipping service provider’s stock after acquiring an additional 207 shares during the period. 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.
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