Fedex fails to deliver to analysts on latest earnings

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JPMorgan Chase & Co. upped their price objective on shares of FedEx to $236.00 in a report on Wednesday. Oppenheimer Holdings Inc. restated an "outperform" rating and set a $214.00 price objective (up previously from $210.00) on shares of FedEx in a report on Tuesday.

Merrill Lynch reiterated a Buy rating and raised its price objective to $230 from $220.

Shares of FedEx (NYSE:FDX) traded up 1.25% during trading on Wednesday, reaching $194.24.

On 9/28/2016 Robert B Carter, EVP, sold 24,784 with an average share price of $176.95 per share and the total transaction amounting to $4,385,528.80.

On 12/22/2016 David J Bronczek, CEO, sold 36,529 with an average share price of $192.08 per share and the total transaction amounting to $7,016,490.32. The disclosure for this sale can be found here. The segment's operating margin for the quarter was down 0.9 point to 8.2%. Analysts had expected US$2.62 per share. Advisory Services Network LLC now owns 4,328 shares of the shipping service provider's stock valued at $756,000 after buying an additional 2,118 shares in the last quarter.

The company projected final fiscal 2017 earnings ranging from $10.80 per share to $11.30, however, because results for TNT Express, acquired earlier this year, will finally be folded in. Indiana Trust & Investment Management CO now owns 4,068 shares of the shipping service provider's stock worth $711,000 after buying an additional 15 shares during the period. Central Bank & Trust Co. boosted its position in shares of FedEx by 46.4% in the third quarter. Quadrant Capital Group LLC now owns 1,643 shares of the shipping service provider's stock worth $278,000 after buying an additional 20 shares during the period.

Compiling all of the recommendations for the firm, FedEx Corporation (NYSE:FDX) current has a mean recommendation of 1.41. FedEx has a 1-year low of $145.00 and a 1-year high of $201.57. The company has a market cap of $51.86 billion, a PE ratio of 28.60 and a beta of 1.14. The firm's 50-day moving average price is $192.11 and its 200-day moving average price is $183.57. Therefore, FDX has dismissed Amazon's competition view.

FedEx on Tuesday reported earnings of $2.35 a share, missing analysts' expectations for the December-February quarter.

According to 6 analysts, the Average Revenue Estimate for the current Fiscal quarter is $15.28 Billion and the Low Revenue estimate is $15.08 Billion, while the High Revenue estimate is $15.4 Billion. The business's revenue was up 18.1% compared to the same quarter previous year. FedEx Corporation Air Delivery & Freight Services holds an EPS of 6.85 that demonstrates an EPS growth this year at 78.40%.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, March 9th. FedEx's dividend payout ratio (DPR) is 23.46%. The company has made an agreement with Walgreens to broaden convenient access to FedEx services. FedEx said the revenue gain was due to higher base rates, with package volume partially offset by the negative impact of one fewer operating day, and the drop in operating income was caused by the "significantly negative net impact of fuel" and the one less operating day, with $31 million of the results attributed to TNT integration expenses.