FedEx -2% as earnings underwhelm, full-year guidance lags consensus

Jeannie Matthews
September 21, 2017

FedEx expects full-year earnings in the range of $12 to $12.80 per share. The average analysts gave this company a mean recommendation of 1.90.

FedEx Corporation (NYSE:FDX), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. About shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since September 20, 2016 and is uptrending. Mutual Of America Capital Management Llc bought 59,794 shares as the company's stock rose 7.09% with the market.

The Memphis-based company reported net income for its fiscal first quarter ended August 31 of $596 million or $2.19 per share, down more than 16 percent from the year-ago $715 million or $2.65 per share. ValuEngine upgraded shares of FedEx Corporation from a "hold" rating to a "buy" rating in a research report on Saturday, June 3rd. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. The stock has "Buy" rating by Deutsche Bank on Wednesday, November 2.

FedEx Corporation (NYSE FDX) traded up 2.08% during trading on Wednesday, hitting $220.50. FedEx has $27000 highest and $15.50 lowest target. The stock has a 50 day moving average price of $210.17 and a 200-day moving average price of $202.36. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: "FedEx Q1 Earnings Preview" published on September 19, 2017 as well as Investorplace.com's news article titled: "3 Stocks to Watch on Wednesday: Adobe Systems Incorporated (ADBE), Bed Bath ..." with publication date: September 20, 2017. Columbus Circle Investors acquired 185,482 shares as Fedex Corp (FDX)'s stock declined 2.24%. The company earned $15 billion during the quarter, compared to analysts' expectations of $15 billion. In the same period of a year ago, it posted EPS of $2.90 and $14.66 billion in revenue. The company's revenue for the quarter was up 21.0% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: "FedEx Corporation's (FDX) Hold Rating Reaffirmed at Stifel Nicolaus" was posted by Equities Focus and is owned by of Equities Focus.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Chatham Cap Grp Inc stated it has 11,015 shares or 0.6% of all its holdings. This dividend amount will represent a yield of $0.93. Susquehanna maintained the shares of FDX in report on Friday, September 18 with "Neutral" rating. BlackRock Inc. lifted its position in shares of FedEx Corporation by 1,912.1% during the first quarter.

In related news, Director Kim Jabal sold 5,918 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $211.26, for a total value of $1,521,072.00. PRIMECAP Management Company is the second biggest holder with 16 million shares now valued at 2.94 B million whilst Dodge & Cox has 11 million shares valued at 2.24 B million. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. GRAF ALAN B JR also sold $5.00M worth of FedEx Corporation (NYSE:FDX) on Thursday, March 23. Following the sale, the executive vice president now directly owns 68,556 shares of the company's stock, valued at $14,462,573.76. Insiders own 8.45% of the company's stock.

COPYRIGHT VIOLATION WARNING: This article was first published by BBNS and is owned by of BBNS.

The FedEx Services segment provides the Business's other companies with sales, marketing, information technology, communications, customer service and other back-office support.

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