FedEx (NYSE:FDX) Updates FY25 Earnings Guidance

FedEx (NYSE:FDX) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $18.00-18.60 for the period, compared to the consensus 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 %

Shares of FedEx stock traded down $1.12 during trading on Thursday, reaching $246.00. The company had a trading volume of 2,904,052 shares, compared to its average volume of 1,671,197. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx has a fifty-two week low of $239.50 and a fifty-two week high of $313.84. The firm’s fifty day moving average is $261.33 and its 200-day moving average is $273.30. The company has a market cap of $59.25 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23.

FedEx (NYSE:FDX) last announced 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the previous year, the company earned $3.86 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, March 10th. FedEx’s dividend payout ratio is presently 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of research reports. Stephens decreased their price objective on shares of FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. BMO Capital Markets boosted their price objective on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and reduced their price objective for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on FedEx from $372.00 to $323.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Truist Financial started coverage on FedEx in a research report on Thursday, March 13th. They set a “buy” rating and a $305.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $317.48.

Insider Buying and Selling at FedEx

In other FedEx news, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the transaction, the executive vice president now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

Institutional Investors Weigh In On FedEx

An institutional investor recently raised its position in FedEx stock. Brighton Jones LLC raised its stake in shares of FedEx Co. (NYSE:FDX) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,825 shares of the shipping service provider’s stock after purchasing 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 Securities and Exchange Commission. 84.47% of the stock is 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.