News coverage about FedEx (NYSE:FDX) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FedEx earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the shipping service provider an impact score of 45.8882297002104 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- All clear given after FedEx store in South Co. evacuated due to suspicious package (kmov.com)
- PGA Tour to move World Golf Championship from Akron to Memphis (golf.com)
- PGA Tour: FedEx St. Jude takes on World Golf Championship mantle (progolfnow.com)
- New FedEx Ground hub to employ thousands in Pennsylvania (bizjournals.com)
- Suspicious package found at St. Louis County FedEx (fox2now.com)
FDX has been the subject of a number of analyst reports. Loop Capital upped their price target on FedEx to $318.00 in a research report on Thursday, January 4th. ValuEngine upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Argus upped their price target on FedEx from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Zacks Investment Research upgraded FedEx from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research report on Thursday, December 21st. Finally, Oppenheimer restated a “buy” rating and issued a $265.00 price target (up previously from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. FedEx has a consensus rating of “Buy” and a consensus target price of $281.51.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.61. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company had revenue of $16.53 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same period in the prior year, the company earned $2.35 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. equities research analysts forecast that FedEx will post 15.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, March 9th. FedEx’s payout ratio is presently 16.26%.
ILLEGAL ACTIVITY WARNING: “FedEx (FDX) Given Coverage Optimism Rating of 0.14” was first posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://weekherald.com/2018/04/14/fedex-fdx-given-coverage-optimism-rating-of-0-14.html.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company'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 customers to track and manage imports.
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.