|Bid||192.71 x 300|
|Ask||193.39 x 300|
|Day's Range||190.93 - 193.31|
|52 Week Range||145.00 - 201.57|
|PE Ratio (TTM)||27.45|
|Earnings Date||Jun 20, 2017|
|Dividend & Yield||1.60 (0.83%)|
|1y Target Est||219.78|
Whether it’s planes, trains or airplanes, the business of moving people and packages around the world is booming. When it comes to global players, United Parcel Service continues to lead the way, topping the 2017 Forbes Global 2000 ranking of the world’s largest transportation companies.
Judging by numbers provided to the airport, cargo is down at FedEx Corp.'s local hub operation. "In April of last year, FedEx started a new methodology or calculation for the way they report cargo handled, so this is the first time in a year we’ve had a year-over-year and month-over-month comparison that works," said Forrest Artz, Memphis International Airport CFO and vice president of finance and administration. The Memphis Shelby County Airport Authority (MSCAA) tracks total cargo handled and total landed weight at Memphis International.
With the approval of its fiscal year 2018 budget, Memphis International Airport is decreasing terminal rates and charges by almost 13 percent — a change that's especially good for the airport's tenants. The Memphis Shelby County Airport Authority's Board of Commissioners (MSCAA) passed a $120.4 million budget for fiscal year 2018 at its meeting Monday, May 22. The airport's annual budget for the fiscal year, which runs from July 1 to June 30, sets the fees and charges paid by airlines.