Wall Street analysts predict that FedEx Co. (NYSE:FDX) will announce earnings per share of $2.95 for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for FedEx’s earnings. The highest EPS estimate is $3.37 and the lowest is $2.68. FedEx posted earnings per share of $2.35 in the same quarter last year, which indicates a positive year over year growth rate of 25.5%. The firm is expected to report its next earnings results on Tuesday, March 20th.

On average, analysts expect that FedEx will report full year earnings of $13.13 per share for the current financial year, with EPS estimates ranging from $12.40 to $13.97. For the next fiscal year, analysts expect that the firm will post earnings of $16.19 per share, with EPS estimates ranging from $14.77 to $18.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow FedEx.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.80 earnings per share.

FDX has been the topic of several recent analyst reports. Stephens set a $306.00 price target on shares of FedEx and gave the company a “buy” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. increased their price target on shares of FedEx from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of FedEx in a research note on Monday, November 13th. They issued a “buy” rating and a $270.00 price target on the stock. Citigroup reiterated a “buy” rating and issued a $280.00 price target on shares of FedEx in a research note on Wednesday, December 20th. Finally, Barclays reiterated an “overweight” rating and issued a $270.00 price target (up from $230.00) on shares of FedEx in a research note on Thursday, November 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $269.95.

In other news, Director Kim Jabal sold 3,980 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the transaction, the director now directly owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the transaction, the executive vice president now owns 187,025 shares in the company, valued at $46,892,778.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,671 shares of company stock worth $17,137,160. Insiders own 8.45% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Strategic Advisors LLC grew its position in FedEx by 16.7% in the 2nd quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after buying an additional 306 shares during the last quarter. Stevens Capital Management LP grew its position in FedEx by 60.6% in the 2nd quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after buying an additional 14,845 shares during the last quarter. Vanguard Group Inc. grew its position in FedEx by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after buying an additional 492,840 shares during the last quarter. Prudential PLC grew its position in FedEx by 25.8% in the 2nd quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock valued at $11,389,000 after buying an additional 10,753 shares during the last quarter. Finally, Sandy Spring Bank grew its position in FedEx by 4.8% in the 2nd quarter. Sandy Spring Bank now owns 3,241 shares of the shipping service provider’s stock valued at $705,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

Shares of FedEx (FDX) traded up $1.91 during trading hours on Friday, reaching $271.49. 1,378,084 shares of the company traded hands, compared to its average volume of 1,900,000. The firm has a market capitalization of $72,730.00, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. FedEx has a 52-week low of $182.89 and a 52-week high of $273.16. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.74%. FedEx’s dividend payout ratio (DPR) is presently 18.38%.

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FedEx Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Earnings History and Estimates for FedEx (NYSE:FDX)

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