FedEx (FDX) Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 9 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FDX shares.
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24 brokerages have issued 12-month price targets for FedEx's stock. Their FDX share price forecasts range from $165.00 to $290.00. On average, they expect the company's stock price to reach $246.14 in the next twelve months. This suggests that the stock has a possible downside of 7.4%.
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FedEx's stock was trading at $173.20 at the start of the year. Since then, FDX shares have increased by 53.4% and is now trading at $265.77.
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FedEx saw a decrease in short interest in July. As of July 31st, there was short interest totaling 3,490,000 shares, a decrease of 27.1% from the July 15th total of 4,790,000 shares. Based on an average daily trading volume, of 2,050,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.5% of the shares of the company are short sold.
View FedEx's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 20th 2023.
View our FDX earnings forecast.

FedEx will be holding an earnings conference call on Wednesday, September 20th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

FedEx Co. (NYSE:FDX) released its quarterly earnings results on Tuesday, June, 20th. The shipping service provider reported $4.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.85 by $0.09. The shipping service provider earned $21.93 billion during the quarter, compared to the consensus estimate of $22.55 billion. FedEx had a trailing twelve-month return on equity of 15.32% and a net margin of 4.41%. FedEx's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.87 EPS.
Read the conference call transcript.

FedEx announced a quarterly dividend on Wednesday, April 5th. Shareholders of record on Monday, June 12th will be given a dividend of $1.26 per share on Monday, July 3rd. This represents a $5.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, June 9th. This is an increase from the stock's previous quarterly dividend of $1.15.
Read our dividend analysis for FDX.

ETFs with the largest weight of FedEx (NYSE:FDX) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), Qraft AI-Enhanced Next Value ETF (NVQ), ProShares Supply Chain Logistics ETF (SUPL), iShares U.S. Transportation ETF (IYT), Pacer Industrials and Logistics ETF (SHPP), AdvisorShares Drone Technology ETF (UAV), Direxion Daily Transportation Bull 3X Shares (TPOR) and U.S. Global Sea to Sky Cargo ETF (SEA).

FedEx (NYSE:FDX) pays an annual dividend of $5.04 per share and currently has a dividend yield of 1.90%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FDX will have a dividend payout ratio of 24.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FDX.

FedEx announced that its Board of Directors has authorized a share repurchase plan 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 reacquire up to 7.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

FedEx updated its FY 2024 earnings guidance on Wednesday, June, 21st. The company provided earnings per share (EPS) guidance of $16.50-$18.50 for the period, compared to the consensus estimate of $18.36. The company issued revenue guidance of -.

2,546 employees have rated FedEx Chief Executive Officer Fred Smith on Glassdoor.com. Fred Smith has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other FedEx investors own include NVIDIA (NVDA), Alibaba Group (BABA), Boeing (BA), Walt Disney (DIS), Netflix (NFLX), Intel (INTC), Tesla (TSLA), Home Depot (HD), Johnson & Johnson (JNJ) and United Parcel Service (UPS).

FedEx trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDX."

FedEx's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (83.06%), BlackRock Inc. (6.43%), Geode Capital Management LLC (1.67%), Bank of New York Mellon Corp (1.03%), Northern Trust Corp (0.91%) and Hotchkis & Wiley Capital Management LLC (0.90%). Insiders that own company stock include Amy B Lane, Brie Carere, David P Steiner, Donald F Colleran, Frederick W Smith, Henry J Maier, Jennifer L Johnson, Jill Brannon, John Alan Smith, John L Merino, Joshua Cooper Ramo, Kim Jabal, Mark R Allen, Michael C Lenz, Paul S Walsh, Philip Ryan Sr Barros, R Brad Martin, Rajesh Subramaniam, Robert B Carter, Robert B Carter, Shirley A Jackson, Stephen E Gorman, Susan C Schwab and Vincenzo J Vena.
View institutional ownership trends.

Shares of FDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FDX stock can currently be purchased for approximately $265.77.

FedEx (NYSE:FDX) has a market capitalization of $66.76 billion and generates $90.16 billion in revenue each year. The shipping service provider earns $3.97 billion in net income (profit) each year or $15.50 on an earnings per share basis.

The company employs 529,000 workers across the globe.

FedEx's mailing address is 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN, 38120. The official website for the company is www.fedex.com. The shipping service provider can be reached via phone at (901) 818-7500 or via email at ir@fedex.com.