Headlines about FedEx (NYSE:FDX) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FedEx earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the shipping service provider an impact score of 46.3396013755038 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- FedEx (FDX) Director Paul S. Walsh Sells 4,400 Shares (americanbankingnews.com)
- Same-day Delivery Market in the US 2018-2022 with A-1 Express, Deutsche Post DHL, FedEx, UPS & USA Couriers Dominating – ResearchAndMarkets.com (markets.financialcontent.com)
- FedEx Corporation Shares are Trucking Higher (investorplace.com)
- Ducker, head of FedEx Freight, to retire Aug. 15 (dcvelocity.com)
- FedEx joins Keep Indianapolis Beautiful in Fall Creek Waterway cleanup (indystar.com)
Several analysts recently issued reports on the company. Zacks Investment Research lowered FedEx from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Stephens set a $306.00 target price on FedEx and gave the stock a “buy” rating in a report on Wednesday, March 21st. Morgan Stanley dropped their target price on FedEx from $250.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 21st. Credit Suisse Group dropped their target price on FedEx from $314.00 to $306.00 and set an “outperform” rating on the stock in a report on Wednesday, March 21st. Finally, KeyCorp upped their price objective on FedEx from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $281.51.
FedEx (NYSE:FDX) last posted its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.11 by $0.61. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter in the prior year, the business earned $2.35 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. equities research analysts predict that FedEx will post 15.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, March 9th. FedEx’s payout ratio is 16.26%.
In other news, Director Paul S. Walsh sold 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $255.00, for a total value of $1,122,000.00. Following the transaction, the director now owns 14,400 shares of the company’s stock, valued at $3,672,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.45% of the stock is currently owned by corporate insiders.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
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