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Tuesday, October 19, 2021

FDX Would Be Expecting An EPS Of $4.96

Quite a few analysts have already expected the stocks of FDX to put up an EPS of $4.96 for the current quarter, as reported by Zacks Investment. In the report, five investment analysts have also provided estimates into the earnings of the company, with the ball rolling at $4.33 and ending up at $5.90.

The EPS posted by the company the previous year was $4.87, which indicates a positive annual growth rate of about 1.8%. The company will be uploading its next report of quarterly earnings on the 21st of September. 

The Quarterly Reports of FDX

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FDX had previously released its quarterly earnings on the 21st of September. The provider of shipping services reported an EPS of $4.37 over the quarter, which slightly missed out on the consensus estimate set at $5.07. The return on equity for the company was 22.55%, with a net margin set at 6.3%. The revenue generated by the company during this period was $22 billion, which was slightly more than the consensus expectation of $21.86 billion. The last year saw the company earning an EPS of $4.87. 

There have been quite a few research equities that have commented on the stocks of FDX. JPMorgan Chase & Co has already reduced the price target on the company from $366 to $346 with a rating of overweight set on the company in a 9th September research report. Stifel Nicolaus has also issued the company with a rating of buy along with a price target of $344 in a 21st June research report.

Morgan Stanley has decided to increase the price target of the company from $265 to $270 with a rating of equal weight in a 25th June research report. KeyCorp also went down the same road, reducing the price of the company from $370 to $350 with a rating of overweight in a 13th September research report. 

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In the end, one of the investment analysts involved with the project has issued the company a rating of sell, while three others have given the company a rating of hold. Close to twenty-one others have issued the company a rating of buy. Currently, FDX has a buy rating with a price target of $347.29. 

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