News stories about FedEx (NYSE:FDX) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FedEx earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned media coverage about the shipping service provider an impact score of 46.5913822539117 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- SCOTUS Arguments | Lakewood FedEx Guy Dog Bite: Week In Review (patch.com)
- FedEx looks to make $385 million investment (finance.yahoo.com)
- Why the Holidays Aren’t Merry for UPS and FedEx (fool.com)
- FedEx warehouse sells for $15.9 million (mailtribune.com)
- FedEx truck jackknifes on snowy interstate near Asheville (wyff4.com)
Shares of FedEx (FDX) traded up $1.93 on Friday, hitting $240.73. 1,200,000 shares of the company’s stock were exchanged, compared to its average volume of 1,320,000. The firm has a market cap of $64,550.00, a price-to-earnings ratio of 20.21, a PEG ratio of 1.51 and a beta of 1.36. FedEx has a 52 week low of $182.89 and a 52 week high of $243.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx had a net margin of 4.72% and a return on equity of 20.69%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.90 EPS. equities research analysts anticipate that FedEx will post 12.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. FedEx’s dividend payout ratio (DPR) is presently 18.83%.
FDX has been the subject of a number of recent research reports. Vetr cut shares of FedEx to a “sell” rating and set a $204.84 price objective for the company. in a research note on Thursday, August 31st. J P Morgan Chase & Co raised their price objective on shares of FedEx from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group initiated coverage on shares of FedEx in a research note on Monday, November 13th. They set a “buy” rating and a $270.00 price objective for the company. Credit Suisse Group reissued an “outperform” rating and set a $233.00 price objective (down from $242.00) on shares of FedEx in a research note on Friday, September 15th. Finally, Robert W. Baird reissued a “buy” rating and set a $235.00 price objective on shares of FedEx in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $231.81.
In other FedEx news, EVP Donald F. Colleran sold 10,000 shares of FedEx stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president now owns 30,499 shares in the company, valued at approximately $6,709,780. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the transaction, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,094 shares of company stock worth $9,024,637. 8.45% of the stock is owned by company insiders.
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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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