Analysts See $3.77 EPS for FedEx Corporation (FDX)

September 16, 2018 - By Mark Babin

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.11 in Q2 2018. Its up 0.11, from 1 in 2018Q1. It increased, as 45 investors sold FedEx Corporation shares while 394 reduced holdings. 104 funds opened positions while 385 raised stakes. 186.50 million shares or 3.07% less from 192.41 million shares in 2018Q1 were reported.
Lodestar Invest Counsel Ltd Com Il owns 6,762 shares. Nelson Van Denburg & Campbell Wealth Ltd Liability accumulated 0% or 30 shares. Whittier Trust reported 0.05% of its portfolio in FedEx Corporation (NYSE:FDX). Balasa Dinverno & Foltz Limited Com invested in 0.08% or 2,306 shares. Utah Retirement System holds 0.22% or 45,824 shares in its portfolio. Assetmark, California-based fund reported 76 shares. Teacher Retirement Of Texas has invested 0.19% in FedEx Corporation (NYSE:FDX). Univest Of Pennsylvania invested in 15,043 shares or 1.37% of the stock. Spears Abacus Ltd Limited Liability Company accumulated 1,100 shares. Cetera Advisor Networks Lc owns 5,523 shares or 0.06% of their US portfolio. Davidson Investment Advisors owns 43,839 shares or 1.04% of their US portfolio. Summit Wealth Advsrs Limited Liability Company reported 7,689 shares. Cypress Capital Gru has invested 0.07% in FedEx Corporation (NYSE:FDX). Burke And Herbert Bancorp And stated it has 1,223 shares. Vigilant Cap Mgmt Limited Company invested in 0.02% or 500 shares.

Since April 18, 2018, it had 0 buys, and 2 sales for $32.86 million activity. WALSH PAUL S also sold $1.12 million worth of FedEx Corporation (NYSE:FDX) shares.

Analysts expect FedEx Corporation (NYSE:FDX) to report $3.77 EPS on September, 17 after the close.They anticipate $1.26 EPS change or 50.20 % from last quarter’s $2.51 EPS. FDX’s profit would be $996.93M giving it 16.94 P/E if the $3.77 EPS is correct. After having $5.91 EPS previously, FedEx Corporation’s analysts see -36.21 % EPS growth. The stock increased 0.90% or $2.27 during the last trading session, reaching $255.44. About 1.25M shares traded. FedEx Corporation (NYSE:FDX) has risen 17.37% since September 16, 2017 and is uptrending. It has outperformed by 1.75% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 8 analysts covering FedEx (NYSE:FDX), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. FedEx has $315 highest and $240 lowest target. $274.71’s average target is 7.54% above currents $255.44 stock price. FedEx had 12 analyst reports since March 21, 2018 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 20. Stephens maintained the shares of FDX in report on Wednesday, March 21 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 21. The stock has “Buy” rating by Susquehanna on Wednesday, March 21. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, June 4. The rating was maintained by Oppenheimer with “Buy” on Wednesday, May 16. The firm has “Buy” rating given on Thursday, June 7 by Citigroup. Credit Suisse maintained it with “Buy” rating and $306.0 target in Wednesday, March 21 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, March 21. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, June 20.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $67.55 billion. The companyÂ’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 clients to track and manage imports. It has a 15.21 P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Investorplace.com which released: “3 Earnings Reports to Watch Next Week” on September 14, 2018, also Seekingalpha.com with their article: “FedEx: I Take A Bullish View” published on August 22, 2018, Finance.Yahoo.com published: “6 Monthly Dividend Stocks to Buy” on September 14, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: 247Wallst.com and their article: “Holiday Season Looks Good for Job Seekers” published on September 13, 2018 as well as 247Wallst.com‘s news article titled: “UPS to Hire 100000 to Handle Holiday Rush” with publication date: September 14, 2018.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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