Analysts See $3.03 EPS for FedEx Corporation (FDX)

March 19, 2018 - By reb123z

 Analysts See $3.03 EPS for FedEx Corporation (FDX)
Investors sentiment increased to 1.07 in Q3 2017. Its up 0.06, from 1.01 in 2017Q2. It is positive, as 49 investors sold FedEx Corporation shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported.
The Tennessee-based Patten Group Inc has invested 0.03% in FedEx Corporation (NYSE:FDX). Martingale Asset Mngmt Ltd Partnership has 126,381 shares for 0.38% of their portfolio. Fiera Capital reported 0.01% in FedEx Corporation (NYSE:FDX). Flippin Bruce & Porter stated it has 13,671 shares. Savant Limited Liability stated it has 0.33% in FedEx Corporation (NYSE:FDX). Cornerstone Cap reported 2.92% stake. New South Cap Mngmt reported 1.82% stake. Buckingham Mngmt Inc holds 5,183 shares or 0.26% of its portfolio. 55,513 were reported by Ballentine Ptnrs Ltd Co. Patten And Patten Tn holds 0.06% in FedEx Corporation (NYSE:FDX) or 2,677 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.07% or 20,071 shares. Zevin Asset Ltd Co has invested 0.16% in FedEx Corporation (NYSE:FDX). New England Private Wealth Advsr Ltd Com accumulated 1,116 shares or 0.07% of the stock. Laurion Limited Partnership accumulated 28,489 shares. Carlton Hofferkamp Jenks Wealth Mngmt Ltd Co owns 0.65% invested in FedEx Corporation (NYSE:FDX) for 4,507 shares.

Since September 21, 2017, it had 1 buy, and 6 insider sales for $22.29 million activity. STEINER DAVID P had sold 3,016 shares worth $802,405. The insider DUCKER MICHAEL L sold $3.38M. Shares for $2.55M were sold by Maier Henry J. 10,000 shares were sold by Colleran Donald F, worth $2.20 million on Thursday, September 21. BRONCZEK DAVID J sold $11.89 million worth of stock. SCHWAB SUSAN C bought $19,837 worth of stock.

Analysts expect FedEx Corporation (NYSE:FDX) to report $3.03 EPS on March, 20 after the close.They anticipate $0.68 EPS change or 28.94 % from last quarter’s $2.35 EPS. FDX’s profit would be $811.70 million giving it 20.79 P/E if the $3.03 EPS is correct. After having $3.18 EPS previously, FedEx Corporation’s analysts see -4.72 % EPS growth. The stock increased 1.87% or $4.63 during the last trading session, reaching $252.03. About 2.17 million shares traded or 16.21% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since March 19, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 37 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 11 Hold. Therefore 68% are positive. FedEx has $293.0 highest and $15.50 lowest target. $227.15’s average target is -9.87% below currents $252.03 stock price. FedEx had 110 analyst reports since August 14, 2015 according to SRatingsIntel. Stephens maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, June 21. Stephens has “Buy” rating and $24600 target. The company was initiated on Tuesday, December 13 by JP Morgan. The rating was maintained by Cowen & Co with “Outperform” on Friday, December 16. The firm earned “Overweight” rating on Thursday, October 12 by JP Morgan. Seaport Global initiated the stock with “Hold” rating in Tuesday, June 6 report. Credit Suisse maintained the stock with “Outperform” rating in Friday, September 15 report. Oppenheimer maintained FedEx Corporation (NYSE:FDX) on Wednesday, June 14 with “Buy” rating. Susquehanna maintained FedEx Corporation (NYSE:FDX) rating on Friday, September 18. Susquehanna has “Neutral” rating and $170 target. The stock has “Buy” rating by BMO Capital Markets on Friday, October 27. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 21.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $67.52 billion. The companyÂ’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 clients to track and manage imports. It has a 23.21 P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

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