Is it time to Buy before this week’s earning report FedEx (NYSE:FDX)


Earnings results for FedEx (NYSE:FDX)

FedEx Corporation is expected* to report earnings on 09/15/2020 after market close. The report will be for the fiscal Quarter ending Aug 2020. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.54. The reported EPS for the same quarter last year was $3.05.

FedEx last issued its quarterly earnings data on June 30th, 2020. The shipping service provider reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.42 by $1.11. The company had revenue of $17.36 billion for the quarter, compared to analyst estimates of $16.54 billion. Its quarterly revenue was down 2.5% compared to the same quarter last year. FedEx has generated $9.50 earnings per share over the last year and currently has a price-to-earnings ratio of 48.3. FedEx has confirmed that its next quarterly earnings report will be published on Tuesday, September 15th, 2020.

Analyst Opinion on FedEx (NYSE:FDX)

29 Wall Street analysts have issued ratings and price targets for FedEx in the last 12 months. Their average twelve-month price target is $199.68, predicting that the stock has a possible downside of 15.51%. The high price target for FDX is $300.00 and the low price target for FDX is $110.00. There are currently 1 sell rating, 9 hold ratings and 19 buy ratings for the stock, resulting in a consensus rating of “Buy.”

FedEx has received a consensus rating of Buy. The company’s average rating score is 2.62, and is based on 19 buy ratings, 9 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $199.68, FedEx has a forecasted downside of 15.5% from its current price of $236.34. FedEx has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: FedEx (NYSE:FDX)

FedEx has a dividend yield of 1.12%, which is in the bottom 25% of all stocks that pay dividends. FedEx has only been increasing its dividend for 1 years. The dividend payout ratio of FedEx is 27.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FedEx will have a dividend payout ratio of 20.73% next year. This indicates that FedEx will be able to sustain or increase its dividend.

Insiders buying/selling: FedEx (NYSE:FDX)

In the past three months, FedEx insiders have sold 1,821.63% more of their company’s stock than they have bought. Specifically, they have bought $372,063.00 in company stock and sold $7,149,678.00 in company stock. Only 8.49% of the stock of FedEx is held by insiders. 71.65% of the stock of FedEx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of FedEx (NYSE:FDX

Earnings for FedEx are expected to grow by 19.20% in the coming year, from $10.52 to $12.54 per share. The P/E ratio of FedEx is 48.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.85. The P/E ratio of FedEx is 48.33, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 19.22. FedEx has a PEG Ratio of 1.84. PEG Ratios above 1 indicate that a company could be overvalued. FedEx has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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