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
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.
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.