FedEx (NYSE:FDX) Announces Quarterly Earnings Results

FedEx (NYSE:FDX) posted its quarterly earnings data on Thursday. The shipping service provider reported $4.05 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.17, Zacks reports. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the company posted $3.99 EPS. The business’s quarterly 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 Stock Performance

FedEx stock traded up $2.72 during midday trading on Thursday, reaching $275.88. 3,816,084 shares of the company traded hands, compared to its average volume of 1,789,283. FedEx has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The business has a 50 day moving average of $282.25 and a two-hundred day moving average of $281.70. 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.

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. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio is presently 34.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FDX shares. Stephens restated an “overweight” rating and set a $350.00 price target on shares of FedEx in a research report on Friday, September 20th. Robert W. Baird reduced their price target on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Stifel Nicolaus cut their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. UBS Group lowered their price target on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, Bernstein Bank boosted their target price on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price 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.