FedEx (NYSE:FDX) Updates 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.

FedEx Stock Down 0.5 %

FedEx stock traded down $1.12 during midday trading on Thursday, reaching $246.00. The company’s stock had a trading volume of 2,818,696 shares, compared to its average volume of 1,689,770. The company has a market cap of $59.25 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.11 and a beta of 1.23. 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 business has a 50-day simple moving average of $261.33 and a 200-day simple moving average of $273.30. FedEx has a fifty-two week low of $234.82 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.59 by ($0.08). The business 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%. FedEx’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $3.86 EPS. On average, research analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

FDX has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Piper Sandler downgraded FedEx to a “neutral” rating in a research note on Monday, February 3rd. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, TD Cowen upped their price target on shares of FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $317.48.

Insider Buying and Selling at FedEx

In other news, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FedEx

An institutional investor recently raised its position in FedEx stock. Brighton Jones LLC grew its stake in shares of FedEx Co. (NYSE:FDX) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the shipping service provider’s stock after buying an additional 207 shares during the period. Brighton Jones LLC’s holdings in FedEx were worth $514,000 as of its most recent SEC filing. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.