$5.52 Earnings Per Share Expected for FedEx (FDX) This Quarter
Brokerages expect that FedEx (NYSE:FDX) will report $5.52 earnings per share for the current quarter, Zacks reports. Nine analysts have provided estimates for FedEx’s earnings, with the lowest EPS estimate coming in at $4.51 and the highest estimate coming in at $5.89. FedEx reported earnings per share of $4.25 during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, June 19th.
On average, analysts expect that FedEx will report full-year earnings of $14.84 per share for the current year, with EPS estimates ranging from $13.22 to $15.30. For the next fiscal year, analysts forecast that the company will report earnings of $16.96 per share, with EPS estimates ranging from $15.10 to $17.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow FedEx.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.61. The firm had revenue of $16.53 billion during the quarter, compared to analyst estimates of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $2.35 earnings per share.
Shares of FDX stock opened at $250.33 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 1.37. The stock has a market capitalization of $66,149.98, a P/E ratio of 18.08, a PEG ratio of 1.28 and a beta of 1.38. FedEx has a 12 month low of $186.00 and a 12 month high of $274.66.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 16.26%.
In other news, CEO Frederick W. Smith sold 124,000 shares of FedEx stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $255.99, for a total transaction of $31,742,760.00. Following the transaction, the chief executive officer now owns 14,864,465 shares in the company, valued at approximately $3,805,154,395.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul S. Walsh sold 4,400 shares of FedEx stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $255.00, for a total value of $1,122,000.00. Following the transaction, the director now owns 14,400 shares in the company, valued at approximately $3,672,000. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FDX. Ingalls & Snyder LLC lifted its stake in FedEx by 2.4% in the 4th quarter. Ingalls & Snyder LLC now owns 8,119 shares of the shipping service provider’s stock valued at $2,026,000 after acquiring an additional 193 shares in the last quarter. Bremer Trust National Association lifted its stake in FedEx by 2.6% in the 4th quarter. Bremer Trust National Association now owns 7,822 shares of the shipping service provider’s stock valued at $1,952,000 after acquiring an additional 197 shares in the last quarter. Central Bank & Trust Co. lifted its stake in FedEx by 2.2% in the 4th quarter. Central Bank & Trust Co. now owns 9,345 shares of the shipping service provider’s stock valued at $2,332,000 after acquiring an additional 201 shares in the last quarter. Cobiz Wealth LLC lifted its stake in FedEx by 0.8% in the 4th quarter. Cobiz Wealth LLC now owns 25,472 shares of the shipping service provider’s stock valued at $6,356,000 after acquiring an additional 202 shares in the last quarter. Finally, MAI Capital Management lifted its stake in FedEx by 14.1% in the 4th quarter. MAI Capital Management now owns 1,632 shares of the shipping service provider’s stock valued at $407,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.