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Saturday, December 9, 2023

Are Things Looking Up For Fedex Corp (NYSE: FDX)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Fedex Corp (FDX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.00%, to $254.19. The Fedex Corp has recorded 30,055 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Appreciating the Gift of Water: Lucy Tomee’s Story.

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Stocks Info

The company is listed on the NYSE and operates within the Integrated Freight & Logistics industry segment. At the end of the last regular session, the stock closed at $254.18 and fluctuated between $255.90 as its day high and $248.26 as its day low. The current market capitalization of Fedex Corp is $63.91B. A total of 1.89 million shares were traded on the day, compared to an average of 1.82M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FDX has seen 18 BUY and 0 SELL insider trades, representing the acquisition of 10,865 and the disposition of 0 shares. Over the last 12 months, there were 44 BUYs and 14 SELLs from insiders. Insiders purchased 318,322 shares during that period but sold 182,314.

In the most recent transaction, Johnson Jennifer L sold 13,348 shares of FDX for 258.25 per share on Oct 06. After the transaction, the CVP PRIN ACCT OFFICER now owns 3,428 company shares. In a previous transaction on Jul 20, Lenz Michael C. sold 5,745 shares at 261.88 per share. FDX shares that EVP CHIEF FINANCIAL OFF owns now total 22,478.

Among the insiders who sold shares, CARTER ROBERT B disposed of 19,270 shares on Jun 28 at a per-share price of $246.00. This resulted in the EVP / Chief Info Officer holding 58,875 shares of FDX after the transaction. In another insider transaction, Johnson Jennifer L sold 10,801 shares at $238.61 per share on Jun 27. Company shares held by the CVP PRIN ACCT OFFICER now total 3,196.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Fedex Corp pays an annual dividend of $4.79, resulting in a dividend yield of 1.89%, and it has a price to earnings (P/E) ratio of 15.50. FDX’s most recent ex-dividend date was 9/8/2023 when it declared a $1.26 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/9/2023. The FDX stock dividend was $1.26 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FDX in the last 3 months, the mean price target is $292.75 with high estimates of $370.00 and low estimates of $205.00. In terms of 52-week highs and lows, FDX has a high of $270.95 and a low of $162.61.

As of this writing, FDX has an earnings estimate of $4.16 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $4.72 per share and a lower estimate of $3.49. The company reported an EPS of $4.94 in the last quarter, which was 1.00% higher than expectations of $4.89.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FDX’s latest balance sheet shows that the firm has $6.90B in Cash & Short Term Investments as of fiscal 2022. There were $37.19B in debt and $14.27B in liabilities at the time. Its Book Value Per Share was $83.44, while its Total Shareholder’s Equity was $24.94B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FDX is Buy with a score of 4.26.

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