News articles about FedEx Corporation (NYSE:FDX) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FedEx Corporation earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave press coverage about the shipping service provider an impact score of 45.6199993512927 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- FedEx Corporation (FDX) Analysts See $3.19 EPS (techkenyot.com)
- FedEx Corporation (FDX) Ownership Increased by Afam Capital, Inc (iphonefresh.com)
- FedEx Corporation (FDX) Stake Increased by Legal & General Group Plc (fishinghd.com)
- Mark R. Allen Named FedEx Corp. Executive Vice President, General Counsel, and Secretary – Business Wire (press release) (businesswire.com)
- Daily Dividend Report: DDS, HD, FDX, HUM, EL, PH, O, DGX, MOS – Nasdaq (nasdaq.com)
Several analysts have issued reports on FDX shares. Stifel Nicolaus reissued a “neutral” rating on shares of FedEx Corporation in a research note on Wednesday. Cowen and Company reissued a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research note on Thursday, August 10th. Credit Suisse Group reissued a “buy” rating and issued a $237.00 price objective on shares of FedEx Corporation in a research note on Monday, August 7th. BidaskClub downgraded shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Vetr raised shares of FedEx Corporation from a “sell” rating to a “hold” rating and set a $206.26 price objective for the company in a research note on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. FedEx Corporation currently has an average rating of “Buy” and an average price target of $221.78.
FedEx Corporation (NYSE:FDX) traded up 0.31% during trading on Friday, reaching $206.00. 930,437 shares of the company’s stock traded hands. The company has a market cap of $55.26 billion, a PE ratio of 18.61 and a beta of 1.27. The company has a 50 day moving average price of $211.69 and a 200-day moving average price of $199.13. FedEx Corporation has a 12-month low of $158.20 and a 12-month high of $219.99.
FedEx Corporation (NYSE:FDX) last posted its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, beating the Zacks’ consensus estimate of $3.88 by $0.37. The firm had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS. On average, equities research analysts forecast that FedEx Corporation will post $13.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. FedEx Corporation’s dividend payout ratio (DPR) is 18.08%.
In other FedEx Corporation news, CEO David L. Cunningham, Jr. sold 17,565 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the transaction, the chief executive officer now directly owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John L. Merino sold 7,200 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the transaction, the vice president now directly owns 33,908 shares in the company, valued at $7,163,404.08. The disclosure for this sale can be found here. Insiders have sold a total of 77,757 shares of company stock worth $16,447,426 over the last three months. 8.67% of the stock is currently owned by insiders.
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About FedEx Corporation
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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