Press coverage about FedEx (NYSE:FDX) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FedEx earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the shipping service provider an impact score of 46.156142316357 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Redskins to host 2018 draft fest at FedEx Field (redskinswire.usatoday.com)
- FedEx Driver Dead After Truck Went Over Highway (kurv.com)
- UPDATE 2-PGA Fedex Cup FedEx Cup Rankings (uk.reuters.com)
- FedEx driver dead after highway accident (kgns.tv)
- FedEx acquires third-party parcel carrier P2P (americanshipper.com)
Several research analysts have recently commented on FDX shares. Stephens set a $306.00 price objective on FedEx and gave the stock a “buy” rating in a report on Wednesday, December 20th. Citigroup reissued a “buy” rating and issued a $280.00 target price on shares of FedEx in a research note on Wednesday, December 20th. Robert W. Baird reissued a “buy” rating and issued a $280.00 target price on shares of FedEx in a research note on Tuesday, January 9th. Zacks Investment Research raised FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Argus raised their target price on FedEx from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. FedEx has an average rating of “Buy” and an average target price of $281.51.
FedEx stock traded down $1.61 during trading hours on Monday, hitting $238.50. 2,063,925 shares of the stock traded hands, compared to its average volume of 1,982,225. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.37 and a current ratio of 1.43. The stock has a market cap of $64,322.97, a price-to-earnings ratio of 19.39, a PEG ratio of 1.24 and a beta of 1.37. FedEx has a one year low of $182.89 and a one year high of $274.66.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.61. The business had revenue of $16.53 billion for the quarter, compared to analysts’ expectations of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 EPS. analysts predict that FedEx will post 15.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 9th. This represents a $2.00 annualized dividend and a yield of 0.84%. FedEx’s payout ratio is 16.26%.
In other news, Director David P. Steiner sold 3,016 shares of FedEx stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the transaction, the director now directly owns 16,040 shares in the company, valued at $4,267,442. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of FedEx stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.
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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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