FDX - FedEx Corporation

NYSE - NYSE Delayed Price. Currency in USD
154.63
+2.59 (+1.70%)
At close: 4:03PM EDT

154.22 -0.41 (-0.27%)
After hours: 5:09PM EDT

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Previous Close152.04
Open151.32
Bid154.24 x 800
Ask154.63 x 3100
Day's Range149.85 - 154.69
52 Week Range137.78 - 234.49
Volume2,941,922
Avg. Volume2,614,736
Market Cap40.345B
Beta (3Y Monthly)1.77
PE Ratio (TTM)90.85
EPS (TTM)1.70
Earnings DateDec 17, 2019
Forward Dividend & Yield2.60 (1.71%)
Ex-Dividend Date2019-09-06
1y Target Est171.12
Trade prices are not sourced from all markets
  • UPS Beats Q3 Earnings Estimate, Stock Falls on Revenue Miss
    Market Realist

    UPS Beats Q3 Earnings Estimate, Stock Falls on Revenue Miss

    United Parcel Service (UPS) reported impressive Q3 earnings results this morning. But the stock was down today. Here's why.

  • UPS CEO: 'We have a mutually beneficial relationship' with Amazon
    Yahoo Finance

    UPS CEO: 'We have a mutually beneficial relationship' with Amazon

    Amazon and UPS are competitors and business partners. How does that work?

  • This Week in Amazon: The 'Who is Jeff Bezos?' edition
    American City Business Journals

    This Week in Amazon: The 'Who is Jeff Bezos?' edition

    Amazon.com Inc. (NASDAQ: AMZN) said it will release third-quarter earnings Thursday and hold a conference call to discuss the numbers at 5:30 p.m. HQ2 time, 2:30 p.m. HQ1 time. AMZN stock price at Tuesday's open: $1,785.66 per share One-week change: Up $43.55 Translation: Jeff Bezos' wealth bump from the one week of appreciation is about $2.6 billion. Here are a few things that we will be looking for in the quarterly earnings: Amazon said to expect third quarter revenue between $66 billion to $70 billion, according to its second quarter forecast.

  • For UPS, Being Better Than FedEx Isn’t Enough
    Bloomberg

    For UPS, Being Better Than FedEx Isn’t Enough

    (Bloomberg Opinion) -- United Parcel Service Inc. is offering everything to investors that FedEx Corp. isn’t, and that’s still seemingly not enough.The package-delivery company on Tuesday reported better-than-expected third-quarter earnings and maintained its full-year profit outlook. That’s a sharp contrast to FedEx’s bruising guidance cut just over a month ago, which the company blamed on a weakening global economy, and analysts blamed on idiosyncratic foot faults. UPS is trimming its capital expenditure budget by $500 million this year and next year, which will help boost its 2019 free cash flow to more than $4 billion. FedEx, meanwhile, is on track to burn cash in fiscal 2020 and Moody’s Investors Service Inc. recently lowered its outlook for the company’s credit rating. Management’s decision to nevertheless leave its $5.9 billion spending budget intact has left investors scratching their heads — particularly because the billions it has spent so far don’t appear to be yielding results.UPS on Tuesday reported another quarterly improvement in its adjusted operating margin, a sign that its own push to invest in newer planes and automated systems is paying off as it manages a deluge of less profitable e-commerce shipments. And yet, the stock fell more than 4% in early trading. The problem is, as much as UPS is widening the execution gap between itself and FedEx, it can’t escape the weakening macroeconomic backdrop.Revenue in the third quarter was marginally weaker than analysts had been expecting, and UPS warned that its profit guidance was contingent on “no further deterioration” in global trade uncertainty or U.S. industrial weakness. No one really knows what’s going to happen with trade relations. President Donald Trump signaled this week that negotiations over a partial deal with China are progressing and could lead to a signed agreement by November, but there’s little indication that the existing tariffs will be rolled back. I, for one, wouldn’t be willing to bet against a further slowdown in manufacturing, given declining shipment volumes at the railroads in the third quarter and decelerating sales growth at the likes of industrial distributor Fastenal Co.Drilling down into UPS’s results, there’s a variety of other nitpick items that take on more importance in a weaker economy. For example, while unit costs improved by 2.5% on an adjusted basis in the U.S. domestic division, the average amount of revenue UPS collected per package in that business declined by about 1%. The third quarter brought a surge in volumes, with FedEx’s decision to stop carrying packages for Amazon.com Inc. in the U.S. likely driving more of the e-commerce giant’s packages to UPS. A weakening yield will raise questions about how profitable that business can ultimately be for UPS, and whether it made the right decision by sticking with a customer that’s also increasingly a competitor.Adding to the jitters, UPS also announced on Tuesday that Jim Barber, chief operating officer and the heir apparent to CEO David Abney, was stepping down. Barber’s departure is a surprise, and it’s always going to raise eyebrows when a leadership change is announced without the simultaneous appointment of a successor. That being said, Abney has made an effort to shake up UPS’s staid culture by bringing in more executives from the outside. Earlier this year, UPS hired a PepsiCo Inc. executive, Brian Newman, to be its chief financial officer. Abney hired his chief transformation officer from Walmart Inc., his chief marketing officer from Xerox Corp. and his supply-chain solutions leader from logistics company DB Schenker. So the departure of Barber, a nearly 35-year veteran, would seem to be setting up an appointment in a similar vein. Grooming an outsider to succeed Abney would further differentiate UPS from FedEx, which is still run by founder Fred Smith and whose top executives have all been there for decades and act like it.UPS is moving in the right direction, even if the economy isn’t.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Barrons.com

    UPS Stock Is Sliding Because the Trade War Hit Revenue

    United Parcel Service stock is down even though the logistics company reported double-digit profit growth.

  • UPDATE 5-UPS COO's retirement eclipses e-commerce gains
    Reuters

    UPDATE 5-UPS COO's retirement eclipses e-commerce gains

    United Parcel Service Inc's e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world's biggest parcel delivery firm's next leader, would retire at year-end. Barber's retirement comes just months after similar news from Chief Financial Officer Richard Peretz, ushering in big changes to the UPS C-suite at a time when cooling economies in Asia and Europe threaten global growth. Succession planning is something we constantly focus on," Chief Executive David Abney said on a conference call with analysts.

  • Reuters

    UPS quarterly profit rises 16% on strong e-commerce demand

    Oct 22 (Reuters) - United Parcel Service Inc reported a 16% rise in third-quarter profit on Tuesday, benefiting from strong e-commerce demand and rival FedEx Corp's breakup with Amazon.com Inc. Net income was $1.75 billion, or $2.01 per share, in the quarter ended Sept. 30, compared with $1.51 billion, or $1.73 per share, a year earlier. Revenue rose 5% to $18.32 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli

  • Benzinga

    Wing Teams Up With FedEx, Walgreens For Milestone Drone Delivery

    FedEx Express (NYSE: FDX) on Friday used an unmanned aerial vehicle instead of a truck for last-mile residential deliveries on behalf of pharmacy retailer Walgreens (NASDAQ: WBA). The Oct. 18 deliveries were made by Wing, a subsidiary of Google parent company Alphabet, in Christianburg, Virginia, under a pilot program authorized by the U.S. Federal Aviation Administration (FAA). Customers in eligible delivery zones can submit drone orders from Walgreens via the Wing mobile app or can opt-in with FedEx to receive qualifying packages via drone.

  • UPS has a new flight path — drone home delivery
    Yahoo Finance

    UPS has a new flight path — drone home delivery

    UPS announced the expansion of its Flight Forward drone delivery subsidiary which includes the University of Utah Health Network and CVS Pharmacies.

  • GuruFocus.com

    Beating the Street: Lynch's Early Years at Magellan

    A fund manager without a strategy enjoys a remarkably successful run Continue reading...

  • Buy UPS at These Key Levels on Holiday Shipping Spree
    TheStreet.com

    Buy UPS at These Key Levels on Holiday Shipping Spree

    United Parcel Service is a buy down to its monthly and semiannual pivots at $117.29 and $116.12, respectively. The stock is also above a key Fibonacci Retracement level on its weekly chart. UPS has been outperforming FedEx so far this year as several factors come into play.

  • Wing Drone Deliveries Take Flight in First-of-its-Kind Trial with FedEx
    Business Wire

    Wing Drone Deliveries Take Flight in First-of-its-Kind Trial with FedEx

    Today, for the first time in the United States, a drone completed a scheduled commercial residential delivery to a home in Christiansburg, Virginia. The drone delivery was conducted by Wing Aviation, in collaboration with FedEx Express, as part of the U.S. Department of Transportation’s Unmanned Aircraft Systems Integration Pilot Program (IPP). Today’s delivery of a FedEx Express package marks the launch of the first scheduled, commercial residential drone delivery service and the first scheduled e-commerce delivery via drone delivery trial in the United States.

  • Benzinga

    UPS' Entry Could Raise Interest In Flat-Rate Parcel Shipping

    In 2013, FedEx Corp. (NYSE: FDX) followed suit with its "OneRate" flat-rate pricing program. Under the radar, UPS Inc. (NYSE: UPS) brought its own program, called "Simple Rate," into the game. Typically, FedEx and UPS do everything almost in unison.

  • Invest in Alibaba Stock for the ‘What’ and not the ‘Where’
    InvestorPlace

    Invest in Alibaba Stock for the ‘What’ and not the ‘Where’

    Despite the ongoing U.S.-China trade war, shares of Alibaba (NYSE:BABA) stock are currently up over 25% in 2019. Many of America's largest tech stocks would love that kind of growth. That doesn't mean that BABA stock is without its issues. The stock is still trying to claw back to its 52-week high that it achieved in June. The stock has been trading in a fairly well-defined range for the last two years.Source: Jirapong Manustrong / Shutterstock.com Looked at without the overlay of being located in China, Alibaba Group is a company American investors should love. However, the sheer size of the Chinese e-commerce giant and the ongoing trade war add a risk premium to Alibaba stock. And that risk doesn't look to be easing up anytime soon. Alibaba is an Economy Unto ItselfIt's often mentioned that Alibaba Group is like Amazon (NASDAQ:AMZN). However, BABA is also part eBay (NASDAQ:EBAY), Google (NASDAQ:GOOGL), and Fed Ex (NYSE:FDX) rolled into one. In fact, CEO Daniel Zhang told investors the best way to understand Alibaba is to think of it as an economy unto itself. That was in 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, Alibaba has a market capitalization of almost $430 billion. By 2037, the company has plans to create 100 million jobs, support 10 million profitable businesses and serve 2 billion consumers worldwide. This would make Alibaba the world's fifth-largest economy. * 10 Hot Stocks Staging Huge Reversals And that's where things get interesting. Companies like Google, Amazon, and Facebook (NASDAQ:FB) have been in the government's crosshairs for being monopolistic. As I see it, if Alibaba were a U.S. company they would trump (no pun intended) all the other FAANG stocks in being the villain of the 2020 campaign. Politicians seeking to score political points would look at Alibaba and cry monopoly. Then, like they've done with American big tech, they would look to break it up, or at the very least regulate it. BABA Stock is not Immune to Trade TroublesI don't know if American politicians are upset with Alibaba. If they are, the best they can do is to punish Alibaba via the trade war. I'm not suggesting that BABA is the target of the trade war. However, Alibaba stands to lose access to U.S. investor capital.A report from Bloomberg News said the White House was considering blocking government pension funds from investing in China. Bloomberg also reported that the White House was considering delisting Chinese stocks from American exchanges. This would be a more substantive blow.However, perhaps as part of the "trade truce" between the two countries, U.S. Treasury Secretary Steve Mnuchin said that the Trump administration "is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time."This report followed a CNBC report stating the White House was considering curbing U.S. investment in China. The move was being considered to "protect U.S. investors from excessive risk due to lack of regulatory supervision." * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) This gets to the heart of the matter. In 2013, The United States and China signed a memorandum of understanding that included a clause that allows Chinese companies to withhold certain documents from U.S. regulators. The significance is that, particularly prior to its IPO, Alibaba was being accused of irregular accounting practices. However, perhaps to appease American investors, in 2015, the Chinese government cracked down on Alibaba. This caused then CEO Jack Ma to say the company was indeed not too big to fail. What is the Real China Price that Alibaba Stock has to Pay?My InvestorPlace colleague Will Healy made the argument that Alibaba stock has already priced in the geopolitical effects of the trade war and the ongoing turmoil in Hong Kong. However, while the Chinese like to save face, so will American corporations and investors. Right now, the optics surrounding China are not favorable. Will American corporations and investors make a conscious efforts to limit their exposure to China? If, and that's a big if, it would have an undetermined effect on BABA stock.The Chinese desire to save face is cultural. The American desire to do the same is more circumstantial. In time (but in fairness, nobody can say when) the current issues surrounding China will fade. Once that occurs, American investors will almost certainly take a renewed interest in BABA.For now, uncertainty is the price that investors in Alibaba stock are going to have to pay. But if they do, the payoff in a world with less tension toward China should be immense.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Invest in Alibaba Stock for the 'What' and not the 'Where' appeared first on InvestorPlace.

  • UPS: Q3 Earnings Could Rise despite Soft Global Trade
    Market Realist

    UPS: Q3 Earnings Could Rise despite Soft Global Trade

    Increased freight rates, solid e-commerce growth, and efficient cost management are expected to drive United Parcel Service's (UPS) Q3 earnings higher.

  • Why Is FedEx (FDX) Down 0.1% Since Last Earnings Report?
    Zacks

    Why Is FedEx (FDX) Down 0.1% Since Last Earnings Report?

    FedEx (FDX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire

    REPEAT/Halo Labs Announces Partnership Agreement with Greeny.com

    Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announces a partnership agreement between Dispensary Track, a Halo Canadian subsidiary, and Greeny.com, a one-stop online marketplace for CBD-based products. Halo has selected Greeny.com to be the CBD products store featured on Dispensary Track’s phone and tablet applications. The Company recently closed on the acquisition of Dispensary Track, a platform that allows customers to electronically interact with dispensaries, thereby reducing wait times and improving customer experience.

  • Business Wire

    Halo Labs Announces Partnership Agreement with Greeny.com

    Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announces a partnership agreement between Dispensary Track, a Halo Canadian subsidiary, and Greeny.com, a one-stop online marketplace for CBD-based products. Halo has selected Greeny.com to be the CBD products store featured on Dispensary Track’s phone and tablet applications. The Company recently closed on the acquisition of Dispensary Track, a platform that allows customers to electronically interact with dispensaries, thereby reducing wait times and improving customer experience.

  • Benzinga

    FedEx Freight Expands Last Mile Delivery Network

    FedEx Freight, the less-than-truckload (LTL) unit of FedEx Corp. (NYSE: FDX), said October 14 that it has expanded its last-mile delivery service for heavier weighted consignments. The FedEx unit had operated in 18 markets prior to the announcement, a company spokesperson said. The goods that FedEx Freight handles are typically not designed to run through the conveyor networks designed for parcels weighing up to 70 pounds.

  • Moody's

    Alliance Airport Authority, Inc. -- Moody's affirms FedEx's Baa2 senior unsecured rating, changes outlook to negative

    Moody's Investors Service ("Moody's") has affirmed the Baa2 senior unsecured and P-2 short-term ratings it assigns to FedEx Corporation (FedEx), and the Baa2 senior unsecured rating and A3 (Class A) and Baa3 (Class B) Pass-Through Certificate ratings it assigns to Federal Express Corporation, whose debt FedEx guarantees. "The negative outlook reflects Moody's view that FedEx will be hard-pressed to grow its earnings and cash flow to levels that will allow it to reduce debt and restore credit metrics to levels more supportive of the Baa2 rating unless it meaningfully reduces capital investment and refrains from repurchasing its shares," said Moody's Senior Vice President, Jonathan Root.

  • American City Business Journals

    FedEx's latest: Bulky items delivered inside your home; Roxo goes to Dubai; the rise of returns

    E-commerce is the delivery frontier, and the world’s top shipping companies are trying to make it big.

  • FedEx Announces Expansion of FedEx Freight Direct
    Business Wire

    FedEx Announces Expansion of FedEx Freight Direct

    FedEx Freight, a subsidiary of FedEx Corp. (FDX), a leading provider of less-than-truckload (LTL) services, announced today the expansion of FedEx Freight Direct to more than 80 percent of the contiguous U.S. population following a pilot in select markets earlier this year. FedEx Freight Direct is the first standardized FedEx service to make deliveries through the door and into homes and will enhance delivery into businesses with new options. This includes an increase of inbound freight to distribution centers as e-commerce companies build more centers closer to their end customers, as well as deliveries of bulky items to customers who purchase larger items online and expect delivery inside their homes or places of business.

  • This transportation measure is far more upbeat than the Dow Transports
    MarketWatch

    This transportation measure is far more upbeat than the Dow Transports

    Economists and Dow Theorists have worried about the poor showing of the Dow Jones Transportation Average and what it means for the economy.

  • China casts a long shadow over stocks as earnings season opens this week
    MarketWatch

    China casts a long shadow over stocks as earnings season opens this week

    The third-quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and Citigroup, along with fellow Dow components Johnson and Johnson and UnitedHealth Group.

  • Benzinga

    Goldman Sachs Cuts 2020 Transports Earnings Estimates On Industrial Weakness

    Goldman Sachs Group Inc  (NYSE: GS ) equities analysts believe that weakness in the industrial sector of the U.S. economy will persist through the first quarter of 2020 before positively inflecting in ...