FedEx (NYSE:FDX) Issues Quarterly Earnings Results, Misses Expectations By $1.22 EPS

FedEx (NYSE:FDX) released its quarterly earnings results on Thursday. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22), Briefing.com reports. FedEx had a net margin of 4.94% and a return on equity of 16.70%. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter last year, the company earned $4.55 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. FedEx updated its FY25 guidance to $20.00-21.00 EPS and its FY 2025 guidance to 20.000-21.000 EPS.

FedEx Stock Up 0.7 %

Shares of NYSE FDX opened at $300.39 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36. FedEx has a 52 week low of $224.69 and a 52 week high of $313.84. The stock has a market capitalization of $73.92 billion, a P/E ratio of 17.43, a PEG ratio of 1.03 and a beta of 1.17. The stock’s fifty day moving average is $293.32 and its 200 day moving average is $274.80.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 32.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Daiwa America downgraded FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upgraded shares of FedEx from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $296.00 to $359.00 in a report on Wednesday, June 26th. Evercore ISI lowered their target price on shares of FedEx from $339.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Stifel Nicolaus reissued a “buy” rating and issued a $327.00 price target (up previously from $303.00) on shares of FedEx in a research note on Wednesday, June 26th. Finally, Raymond James decreased their price objective on FedEx from $325.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $313.13.

Insider Buying and Selling at FedEx

In other news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of FedEx stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the sale, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. The disclosure for this sale can be found here. Insiders have sold a total of 32,944 shares of company stock worth $9,882,355 over the last 90 days. Insiders own 8.73% of the company’s stock.

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.