Somewhat Negative Press Coverage Somewhat Unlikely to Affect FedEx (FDX) Share Price
Media headlines about FedEx (NYSE:FDX) have been trending somewhat negative on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FedEx earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave news stories about the shipping service provider an impact score of 44.942666109569 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- DHL expands US delivery service in swipe at FedEx, UPS (cnbc.com)
- UPDATE 1-Deutsche Post’s DHL expands U.S. delivery service in swipe at FedEx, UPS (feeds.reuters.com)
- FedEx Express CEO: $1B expansion will be ‘transformational for Memphis’ (finance.yahoo.com)
- IpVenture’s Next Generation Delivery Logistics: The Time Has Come (markets.financialcontent.com)
- Trade of the Day: FedEx (FDX) (investorplace.com)
Several equities analysts have weighed in on FDX shares. Loop Capital lifted their price objective on FedEx to $318.00 in a report on Thursday, January 4th. Oppenheimer reaffirmed a “buy” rating and issued a $265.00 price objective (up from $236.00) on shares of FedEx in a report on Wednesday, December 20th. Citigroup reaffirmed a “buy” rating and issued a $280.00 price objective on shares of FedEx in a report on Wednesday, December 20th. Stephens set a $306.00 price objective on FedEx and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Bank of America lifted their price objective on FedEx from $247.00 to $293.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. FedEx presently has an average rating of “Buy” and an average target price of $275.47.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. During the same quarter in the previous year, the company posted $2.80 EPS. FedEx’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts forecast that FedEx will post 13.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.81%. FedEx’s dividend payout ratio (DPR) is presently 18.43%.
In other FedEx news, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the sale, the director now owns 16,040 shares in the company, valued at approximately $4,267,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the sale, the executive vice president now owns 187,025 shares in the company, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. Insiders sold a total of 53,541 shares of company stock worth $13,692,142 in the last quarter. Corporate insiders own 8.45% of the company’s stock.
FedEx Company Profile
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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