Fedex Corp (NYSE: FDX) closed the day trading at $278.49 up 1.16% from the previous closing price of $275.29. In other words, the price has increased by $+3.20 from its previous closing price. On the day, 1805062 shares were traded.
Ratios:
For a better understanding of FDX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.33.
On March 22, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $293 to $320.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when Allen Mark R sold 10,145 shares for $287.28 per share. The transaction valued at 2,914,456 led to the insider holds 36,853 shares of the business.
MARTIN R BRAD sold 1,412 shares of FDX for $407,080 on Mar 28 ’24. The Director now owns 6,409 shares after completing the transaction at $288.30 per share. On Mar 28 ’24, another insider, Krishnasamy Sriram, who serves as the EVP – CTO & CEO Dataworks of the company, sold 354 shares for $289.19 each. As a result, the insider received 102,373 and left with 11,147 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FDX now has a Market Capitalization of 67.74B and an Enterprise Value of 99.61B. As of this moment, Fedex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.05, and their Forward P/E ratio for the next fiscal year is 13.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 1.14 whereas that against EBITDA is 8.99.
Stock Price History:
Over the past 52 weeks, FDX has reached a high of $291.27, while it has fallen to a 52-week low of $213.80. The 50-Day Moving Average of the stock is 253.06, while the 200-Day Moving Average is calculated to be 255.09.
Shares Statistics:
Over the past 3-months, FDX traded about 2.19M shares per day on average, while over the past 10 days, FDX traded about 3.46M shares per day. A total of 251.19M shares are outstanding, with a floating share count of 225.66M. Insiders hold about 8.30% of the company’s shares, while institutions hold 79.20% stake in the company. Shares short for FDX as of Mar 15, 2024 were 3.36M with a Short Ratio of 1.53, compared to 3.71M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.36% and a Short% of Float of 1.48%.
Dividends & Splits
FDX’s forward annual dividend rate is 5.04, up from 5.04 a year ago. Against a Trailing Annual Dividend Yield of 1.83%, it implies a Forward Annual Dividend Yield of 1.83%. The stock’s 5-year Average Dividend Yield is 1.59. The current Payout Ratio is 29.69% for FDX, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 08, 2024. Stock splits for the company last occurred on May 07, 1999 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 19 analysts. On average, analysts expect EPS of $5.34 for the current quarter, with a high estimate of $5.63 and a low estimate of $4.85, while EPS last year was $4.94. The consensus estimate for the next quarter is $5.03, with high estimates of $5.54 and low estimates of $3.91.
Analysts are recommending an EPS of between $18.06 and $17.25 for the fiscal current year, implying an average EPS of $17.77. EPS for the following year is $21.18, with 23 analysts recommending between $23.3 and $15.98.
Revenue Estimates
14 analysts predict $22.09B in revenue for the current quarter. It ranges from a high estimate of $22.48B to a low estimate of $21.63B. As of the current estimate, Fedex Corp’s year-ago sales were $21.93B, an estimated increase of 0.70% from the year-ago figure.
A total of 22 analysts have provided revenue estimates for FDX’s current fiscal year. The highest revenue estimate was $88.39B, while the lowest revenue estimate was $87.21B, resulting in an average revenue estimate of $87.73B. In the same quarter a year ago, actual revenue was $90.16B, down -2.70% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $90.92B in the next fiscal year. The high estimate is $92.73B and the low estimate is $86.59B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.
