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.

A number of brokerages recently commented on FDX. Zacks Investment Research upgraded FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price objective for the company in a research report on Thursday, January 18th. Bank of America reiterated a “buy” rating and issued a $315.00 price objective on shares of FedEx in a research report on Friday, January 12th. Robert W. Baird reiterated a “buy” rating and issued a $280.00 price objective on shares of FedEx in a research report on Tuesday, January 9th. BMO Capital Markets reiterated a “buy” rating and issued a $300.00 price objective on shares of FedEx in a research report on Monday, January 8th. Finally, UBS upgraded FedEx from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $264.00 to $302.00 in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. FedEx presently has an average rating of “Buy” and an average price target of $281.51.

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.

About FedEx

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.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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