Fedex stock

After a record year in fiscal 2021 and an excellent follow-up performance in fiscal 2022, FedEx initiated a record dividend increase. On June 14, it announced a 53% jump in its quarterly dividend from $0.75 per share to $1.15 per share. At the time of the announcement, the stock price was much higher, so the yield was still around just 2%.

Fedex stock

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. BofA says the strategy could give a boost to underperforming stocks from November DotBig to January. What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Big Fedex Earnings Miss

The Dow Jones Industrial Average traded back to unchanged on Monday, holding above September’s bear market low. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $1.20 billion. Real-time analyst ratings, insider transactions, earnings data, and more. FedEx announced that its board has approved a stock buyback program on Thursday, December 16th 2021, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 7.5% of its stock through open market purchases.

Fedex stock

FedEx finds support from accumulated volume at $153.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more. One share of FDX stock can currently be purchased for approximately DotBig $154.55. Sign-up to receive the latest news and ratings for FedEx and its competitors with MarketBeat’s FREE daily newsletter. The P/E ratio of FedEx is 11.33, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 22.42. High institutional ownership can be a signal of strong market trust in this company.

Price Target And Rating

This is an increase of 127% compared to the previous 30 days. MarketBeat has tracked 43 news articles for FedEx this week, compared to 17 articles on an average week. FedEx pays a meaningful dividend of 2.98%, higher than the bottom 25% of all stocks that pay dividends. Short interest in FedEx has recently increased by 10.06%, indicating that investor sentiment DotBig is decreasing significantly. Recently slashed guidance and a multi-year-long uphill battle with a TNT Express acquisition have taken a toll on FedEx shares. The big bank stocks have been laggards in the ongoing market pullback, though the Finance sector as a whole has held up relatively well on the back of strength in the insurance and regional bank spaces.

  • Its FedEx Ground segment provides day-certain delivery services to businesses and residences.
  • Now that FDX stock has seen a fall of 31% in a month, will it continue its downward trajectory, or is a rise imminent?
  • See how low FedEx stock can go by comparing its decline in previous market crashes.
  • FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.
  • 105 people have added FedEx to their MarketBeat watchlist in the last 30 days.
  • Near a 52-week low and after a big dividend hike, FedEx stock offers an attractive passive-income stream.

This stock may move very much during the day and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $5.63 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 3.04%. View our full suite of financial calendars and market data tables, all for free. According to analysts’ consensus price target of $215.50, FedEx has a forecasted upside of 40.4% from its current price of $153.47.

Earnings And Valuation

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company’s FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2022, this Fedex stock forecast segment had approximately 30,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.

For Q2 fiscal 2023, FedEx expects revenue to be between $23.5-$24.0 billion and earnings to be $2.75 per share. This compares with the consensus estimate of $24.9 billion and $5.48, respectively, marking a significant difference from the street expectations. Yesterday, the company reported preliminary Q1 fiscal 2023 results , with revenue of $23.2 billion, up 5.5% y-o-y, but falling below the consensus estimate of $23.6 billion, primarily due to softening volume. Higher costs resulted in a nearly 150 bps y-o-y drop in operating margin to 5.3% on an adjusted basis. Our FedEx operating income comparison dashboard has more details . The company reported earnings of $3.44 per share, reflecting a 21% y-o-y decline. This marks a significant miss from the consensus estimate of $5.14.

Historical Stock Quote

The analyst rates FDX stock at outperform with a $300 price target. FedEx also warned it expects to earn as little as $2.65 per share in its fiscal second quarter, compared to analyst expectations for $5.48 per share in earnings. The company said it was withdrawing guidance for the full year due to the uncertain economic environment. Investors of record on Friday, September 2nd will be paid a dividend of $1.15 per share on Monday, October 3rd. This represents a $4.60 dividend on an annualized basis and a yield of 2.98%.

About Fedex Nyse:fdx Stock

There are currently 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FDX shares. The company said it expects to earn $3.44 per share in the quarter, well below analyst expectations for $5.14 per share in earnings. For investors who are optimistic about the long-term growth in global package delivery, picking up shares of FedEx near the 52-week low makes a lot of sense, especially given the 2.9% dividend yield. Now that FDX stock has seen a fall of 31% in a month, will it continue its downward trajectory, or is a rise imminent? Going by historical performance, there is a higher chance of an increase in FDX stock over the next month. A move of -31% or more is uncommon for FedEx and has occurred only eight times in the last ten years.

All three major U.S. stock indexes fell Friday, capping a week where the S&P 500 declined 4.8% and the Dow Jones Industrial Average dropped 4.1%. This comes as no surprise that the preliminary results didn’t sit well with the investors. FDX stock is trading 17% lower after hours, pointing to levels of around $170, implying a fresh 52-week low likely in today’s trading session. Given the current macroeconomic environment and a significant dip in earnings estimates, may take a while to bottom out, despite a significant expected decline in today’s trading session. To reduce costs, the company has decided to close 90 offices, cut its flight frequencies, park aircraft for now, and cancel some of its network capacity projects, among other actions. It lowered the capital expenditure outlook but withdrew its earnings guidance for fiscal 2023.