FedEx Corporation (FDX) Analysts See $3.19 EPS

August 24, 2017 - By reb123z

 FedEx Corporation (FDX) Analysts See $3.19 EPS
Investors sentiment is 0.93 in 2016 Q4. Its the same as in 2016Q3. It is flat, as 62 investors sold FedEx Corporation shares while 367 reduced holdings. only 108 funds opened positions while 290 raised stakes. 196.16 million shares or 1.84% more from 192.62 million shares in 2016Q3 were reported.
Magnetar Financial Limited Liability Company invested 0.02% of its portfolio in FedEx Corporation (NYSE:FDX). High Pointe Capital Mngmt Limited Liability Company owns 7,000 shares. Nicholas Invest Prtnrs L P owns 16,411 shares for 0.23% of their portfolio. 9,470 are held by Fairfield Bush And. Blackrock has 736,706 shares for 0.19% of their portfolio. Northern Tru Corp reported 2.86 million shares or 0.16% of all its holdings. Creative Planning owns 0.02% invested in FedEx Corporation (NYSE:FDX) for 15,822 shares. Check Ca holds 316,429 shares. State Board Of Administration Of Florida Retirement Sys reported 0.21% in FedEx Corporation (NYSE:FDX). Cap One Natl Association invested in 0.07% or 4,711 shares. Smithfield Tru holds 3,562 shares. Miller Howard Investments Inc reported 0.06% in FedEx Corporation (NYSE:FDX). Toronto Dominion Savings Bank holds 44,969 shares. Moreover, Ativo Capital Mgmt Ltd Llc has 0.36% invested in FedEx Corporation (NYSE:FDX). Pggm Invs stated it has 0.17% of its portfolio in FedEx Corporation (NYSE:FDX).

Since March 23, 2017, it had 0 insider purchases, and 6 sales for $37.35 million activity. The insider SMITH FREDERICK W sold $25.52M. 4,400 shares were sold by WALSH PAUL S, worth $864,068 on Friday, April 7. The insider DUCKER MICHAEL L sold 12,899 shares worth $2.50M. 25,655 shares were sold by GRAF ALAN B JR, worth $5.00 million. JACKSON SHIRLEY A also sold $1.19 million worth of FedEx Corporation (NYSE:FDX) on Thursday, March 23. The insider Cunningham David L Jr sold $2.28M.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on September, 19 after the close. They expect $3.19 EPS, up 10.00 % or $0.29 from last year’s $2.9 per share. FDX’s profit will be $855.79M for 16.21 P/E if the $3.19 EPS becomes a reality. After $4.25 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -24.94 % negative EPS growth. About 184,604 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since August 24, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 32 analysts covering FedEx (NYSE:FDX), 19 have Buy rating, 1 Sell and 12 Hold. Therefore 59% are positive. FedEx had 74 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, May 19 by Citigroup. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 2 report. On Thursday, March 17 the stock rating was maintained by Nomura with “Neutral”. As per Tuesday, December 13, the company rating was initiated by JP Morgan. The firm has “Hold” rating by Seaport Global given on Tuesday, June 6. The firm has “Positive” rating given on Thursday, March 30 by Susquehanna. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus. Stifel Nicolaus downgraded the shares of FDX in report on Tuesday, November 15 to “Hold” rating. The rating was downgraded by Zacks to “Sell” on Monday, September 7. The firm has “Buy” rating given on Thursday, June 2 by Stifel Nicolaus.

FedEx Corporation 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 has market cap of $55.50 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 18.66 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “FedEx: Are We Too Bullish?” on August 07, 2017, also Seekingalpha.com with their article: “FedEx announces 2017 holiday season surcharges” published on August 03, 2017, Investorplace.com published: “Trade of the Day: FedEx Corporation (FDX) Stock Delivers a Bearish Package” on August 21, 2017. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “FedEx Delivers A Win Over UPS And Expeditors International” published on August 06, 2017 as well as Businesswire.com‘s news article titled: “Mark R. Allen Named FedEx Corp. Executive Vice President, General Counsel, and …” with publication date: August 16, 2017.

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