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Stocks That Fell to 3-Year Lows in the Week of Sept. 20

FedEx Corp. (NYSE:FDX), Viacom Inc. (NASDAQ:VIA), Berry Global Group Inc. (NYSE:BERY) and National Fuel Gas Co. (NYSE:NFG) have declined to three-year lows.

FedEx declined to $148.78

The price of FedEx shares declined to $148.78 on Sept. 20, which is only 0.6% above the three-year low of $147.82.

FedEx is an international courier delivery company that is known for its overnight shipping service and its pioneering package tracking system, which has now been implemented by most other courier services. The company is a component of both the S&P 100 and the Dow Jones Industrial Average.


The company has a market cap of $38.82 billion; its shares were traded around $148.78 with a price-earnings ratio of 93.56 and a price-sales ratio of 0.57. The trailing 12-month dividend yield is 1.76%. The forward dividend yield is 1.71%. FedEx had an annual average earnings growth of 8.80% over the past 10 years.

On Sept. 17, FedEx reported financial results for the first quarter of 2020. Revenue for the quarter was $17.048 billion, compared to revenue of $17.052 billion for the prior-year quarter. Operating income for the quarter was $977 million, compared to $1.071 billion last year. Diluted earnings per share were $2.84 for the quarter, compared to $3.10 for the year-ago quarter.

Viacom declined to $26.62

The price of Viacom shares declined to $26.62 on Sept. 20, which is only 1.2% above the three-year low of $26.30.

The mass media conglomerate has interests primarily in film and television. The company consists of Viacom Media Networks and Paramount Pictures. Through these two entities, the company operates 170 networks and reaches around 700 million subscribers in 160 countries. The company has a pending merger with CBS Corp.

Viacom has a market cap of $9.95 billion; its shares were traded around $26.62 with a price-earnings ratio of 5.98 and a price-sales ratio of 0.75. The trailing 12-month dividend yield is 3%. The forward dividend yield is 2.91%. The company had an annual average earnings growth of 6.60% over the past 10 years.

On Aug. 29, Viacom announced that Julia Phelps has been named executive vice president, chief communications and corporate marketing officer of ViacomCBS. The new position will be effective upon closing of the deal combining CBS and Viacom. Phelps will lead the combined company's Corporate Communications, Corporate Marketing, Corporate Responsibility, Special Events and Internal Creative teams.

Berry Global Group declined to $38.94

The price of Berry Global Group shares declined to $38.94 on Sept. 20, which is only 2.6% above the three-year low of $37.94.

Berry Global is a manufacturer and marketer of plastic packaging products. The company has over 290 facilities worldwide and is part of the Fortune 500.

The company has a market cap of $5.14 billion; its shares were traded around $38.94 with a price-earnings ratio of 17.01 and a price-sales ratio of 0.65. Berry Global had an annual average earnings growth of 14.70% over the past five years.

On July 30, Berry Global reported financial results for the third quarter. Net sales were $1.94 billion, while operating Ebitda was $348 million. Consumer packing volume grew 3% and cash flow from operations was $240 million.

National Fuel Gas declined to $47.28

The price of National Fuel Gas shares declined to $47.28 on Sept. 20, which is only 3.8% above the three-year low of $45.47.

National Fuel Gas is an American oil and gas company with $6.2 billion in assets distributed among the company's five operating segments, which include Exploration and Production, Pipeline and Storage, Gathering, Utility and Energy marketing. The company is also a component of the S&P 400.

The company has a market cap of $4.08 billion; its shares were traded around $47.28 with a price-earnings ratio of 13.93 and a price-sales ratio of 2.39. The trailing 12-month dividend yield is 3.62%. The forward dividend yield is 3.62%.

On Sept. 12, National Fuel Gas announced its board of directors approved a regular quarterly dividend of 43.5 cents per share. The dividend is payable on Oct. 15 to shareholders of record at the close of business on Sept. 30.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.