FDX - FedEx Corporation
| Previous Close | 183.92 |
| Open | 179.00 |
| Bid | 179.11 x 900 |
| Ask | 179.55 x 800 |
| Day's Range | 176.96 - 179.50 |
| 52 Week Range | 150.94 - 266.67 |
| Volume | 4,730,679 |
| Avg. Volume | 2,567,487 |
| Market Cap | 46.805B |
| Beta (3Y Monthly) | 1.83 |
| PE Ratio (TTM) | 9.75 |
| EPS (TTM) | 18.40 |
| Earnings Date | Mar 19, 2019 |
| Forward Dividend & Yield | 2.60 (1.41%) |
| Ex-Dividend Date | 2018-12-07 |
| 1y Target Est | 223.12 |
- CNBC Videos•17 hours ago
Amazon is expanding its air fleet to rely less on FedEx and UPS
Amazon aims to compete with FedEx and UPS in the logistics and shipping industry. That's what analysts told CNBC after Amazon Air recently expanded to 50 planes and announced it will open a $1.5 billion air hub in Northern Kentucky in 2021. Amazon is handling up to 26% of its own shipping, meaning FedEx, UPS and the U.S. Postal Service are losing a portion of Amazon's business. FedEx says it's not worried, but Morgan Stanley reports the major shippers have already lost 2% revenue to Amazon Air.
- TheStreet.com•5 hours ago
FedEx Declines After President and Operating Chief Bronczek Resigns
shares closed down 2.5% Friday to $179.30 after the company announced that David Bronczek will step down as president and chief operating officer and will be replaced by Raj Subramaniam. The move becomes official March 1 after Bronczek, 64, made a "personal decision" to retire, the company said in a regulatory filing. Bronczek was named to the board on Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express.
- Investor's Business Daily•9 hours ago
XPO Logistics Tumbles After Warning On 'Largest Customer'; FedEx, UPS Fall
XPO Logistics warned that its "largest customer" — widely seen as Amazon — is downsizing its business. XPO Logistics stock tumbled; UPS, FedEx fell.
- Reuters•9 hours ago
XPO Logistics' top customer pulls back, Amazon suspected
XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds. XPO shares fell $8.53 to $51.02 a day after the company missed fourth-quarter profit targets and warned that it could lose $600 million in revenue in 2019 due to a reduction in business from its biggest customer, which XPO did not name. Current and former XPO employees as well as industry insiders told Reuters that the customer is Amazon.
- Barrons.com•9 hours ago
Amazon Is a Risk for Almost Every Stock and Sector
Its influence continues to expand, and it seems that no sector is safe from the threat of Amazon disruption. On Friday alone, (XPO) (XPO) shares plummeted nearly 20% after the company reported a customer loss that analysts suspect is Amazon. XPO is just the most recent in a long line of companies—in a variety of sectors—that have been affected by Amazon.
- Bloomberg•11 hours ago
FedEx Jolts Wall Street With Surprise Exit of CEO's Deputy
Raj Subramaniam will take over as president and chief operating officer March 1, replacing David Bronczek, the shipping giant said in a statement Thursday. Bronczek had just been named to the board Jan. 28, a month after Subramaniam, 52, was promoted to lead FedEx Express, the company’s largest business unit.
- MarketWatch•12 hours ago
FedEx and UPS stocks sink, after analyst says Amazon taking business in-house could weigh
Shares of FedEx Corp. sank 3.0% and United Parcel Service Inc. shed 1.3% in midday trade Friday, bucking the gains seen in the broader market, after fellow transportation company XPO Logisitics Inc. said its largest customer is curtailing about two-thirds of its postal injection business. XPO declined to comment on who the customer was, but J.P. Morgan analyst Brian Ossenbeck said the loss of business is likely Amazon.com Inc. taking capacity in-house. Ossenbeck said he could see FedEx and UPS shares "react negatively on the implication that Amazon is reducing third party transportation exposure." The shares were the biggest decliners in the Dow Jones Transportation Average , which rose 0.3%, compared with the Dow Jones Industrial Average's 350-point, or 1.4% gain. Meanwhile, XPO's stock tumbled 16%.
GuruFocus.com•12 hours agoSarah Ketterer's Top 5 Buys for the 4th Quarter
Guru’s top new holding is Alaska Air
- InvestorPlace•12 hours ago
FedEx News: FDX Stock Slips on Executive Departure
A recent bit of surprise FedEx news concerning an executive departure has FDX stock down on Friday.FedEx (NYSE:FDX) says that David J. Bronczek is retiring from his various roles at the company. This has him leaving behind the position of President and COO, as well as giving up his seat on the Board of Directors.The FedEx news doesn't provide much in the way of details as to why Bronczek is retiring from the company. Instead, it simply states that the former President and COO is doing so for his own personal reasons.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the departure of Bronczek has FDX stock down on Friday, the company already has a replacement ready to take over for him. This replacement is Raj Subramaniam, who will be taking over the roles of President and COO on March 1.Raj Subramaniam is the current President and CEO of FedEx Express. He will continue to hold this position after taking on the additional roles being left open by Bronczek's retirement. Subramaniam will also be serving as the co-President and co-CEO of FedEx Services. * 10 Hot Stocks Leading the Market's Blitz Higher "On behalf of the Board and management team, we recognize Dave for his years of service to FedEx. FedEx has a deep bench of talent, and I am confident that the transition will be seamless," Frederick W. Smith, Chairman and CEO of FedEx, said in a statement. "Raj has significant experience in many areas of our portfolio, which will be vital as he steps into this position."FDX stock was down 3% as of noon Friday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post FedEx News: FDX Stock Slips on Executive Departure appeared first on InvestorPlace.
- Barrons.com•13 hours ago
FedEx Stock Takes a Hit Because Amazon May Have Left XPO Logistics
XPO Logistics cut guidance and said it lost profits from a large customer. Investors will believe that’s the last-mile logistic business XPO provides for Amazon.com.
- Bloomberg•14 hours ago
Amazon Leads $700 Million Bet on Electric Truck Maker Rivian
The backing from Amazon will bolster Michigan-based Rivian’s plans to bring an electric truck to market in late 2020. Rivian remains in talks with General Motors Co. about the largest U.S. automaker making an investment or collaborating another way, people familiar with the matter said. Chief Executive Officer R.J. Scaringe said in his first interview since reports of Rivian’s talks with Amazon and GM surfaced earlier this week that he was seeking companies that could help the electric-vehicle maker grow.
- The Wall Street Journal•14 hours ago
Today's Logistics Report: XPO's Acquisition Shift; Amazon Drops Big Apple; Aviation's Jumbo Reversal
The step back from an acquisitions strategy that helped build the company follows a weaker-than-expected earnings report and a lowered profit outlook for this year, the WSJ Logistics Report’s Jennifer Smith writes, the latest signs of wavering growth at the business. Industry analysts believe that’s likely Amazon, which is bringing more of its logistics operations in-house. The company’s decision to abandon its multi-headed headquarters move into New York marks a retreat in the face of stiff opposition from some local politicians, the WSJ’s Laura Stevens, Jimmy Vielkind and Katie Honan report.
- American City Business Journals•14 hours ago
Luxury North Carolina clock retailer claims FedEx lost $50K worth of watches
A case of a lost package escalates when it’s housing tens of thousands of dollars worth of Rolex watches – like the $20,000 Rolex Yachtmaster, complete with an “oyster bracelet.”
- American City Business Journals•15 hours ago
Bronczek retires from IP board, new member elected
On the heels of his retirement news from FedEx, David Bronczek will vacate his board seat at International Paper.
- The Wall Street Journal•16 hours ago
[$$] Stocks to Watch: Nvidia, CBS, Deere, PepsiCo, Newell, FedEx
Nvidia, CBS, Deere, PepsiCo, Caesars Entertainment, Applied Materials, Newell Brands, Oracle, FedEx, Redfin are among Friday’s stocks to watch.
- Business Wire•16 hours ago
FedEx Corp. Board Declares Quarterly Dividend
The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of $0.65 per share on FedEx Corporation common stock. The dividend is payable April 1, 2019 to stockholders of record at the close of business on March 11, 2019.
- CNBC•17 hours ago
Amazon is rapidly expanding its air fleet to handle more of its own shipping, but FedEx isn't worried
Amazon AMZN is becoming a player in the logistics and shipping industry. "Amazon is looking to become a logistics company in their own right," said Ravi Shanker, Morgan Stanley's North American transportation analyst. "We think that Amazon will be a top logistics provider, whether it's in trucking or in air, in the coming years.
- American City Business Journals•18 hours ago
Bronczek gets multimillion-dollar cash payment, noncompete from FedEx
David Bronczek’s departure from FedEx will mean a multimillion-dollar cash payment for the longtime exec.
- The Wall Street Journal•yesterday
[$$] FedEx’s No. 2 Executive to Leave, Weeks After Joining Board
FedEx Corp. said its No. 2 executive David Bronczek is leaving the company and stepping down from its board, just a few weeks after the company veteran became a director. Both men have been replaced by Raj Subramaniam, who has spent 27 years at the company and until recently has been the chief marketing officer. Mr. Subramaniam, 52, will now serve as president and chief operating officer of the entire company, as well as CEO of the FedEx Express unit.
- American City Business Journals•yesterday
FedEx names new president and COO
FedEx has a new president and COO effective March 1. Memphis-based FedEx Corp. announced Thursday, Feb. 14 that David Bronczek, president and chief operating officer for FedEx Corp. would retire at the start of next month. A news release stated it was a "personal decision to retire." Bronczek will be replaced by Raj Subramaniam.
- Business Wire•yesterday
FedEx Corporation Announces Appointment of Raj Subramaniam as President and Chief Operating Officer
FedEx Corp. announced today that Raj Subramaniam has been appointed president and chief operating officer, effective March 1. Subramaniam will continue to serve as president and CEO of FedEx Express and will also serve as co-president and co-CEO of FedEx Services. Subramaniam has been with FedEx for more than 27 years and has held various executive level positions in several operating companies and international regions.
- American City Business Journals•yesterday
Roadshow report: FedEx plans to grow EPS 10 to 15 percent a year
In a week dominated locally by FedEx headlines, the company provided an investor update. FedEx Logistics — a subsidiary of delivery giant FedEx Corp. — announced Feb. 12 it plans to move its global headquarters to the former Gibson Guitar Factory building in Downtown Memphis.
Bloomberg•2 days agoAmazon Gives FedEx and UPS More Reasons to Worry
PwC has said this is a roughly $5 trillion annual market, which fits with Amazon’s love of attacking massive pools of spending. There have been developments in recent weeks that might be random data points or hints of Amazon’s master plan in transportation and logistics, if it has one. Amazon and General Motors Co. are discussing an investment in an electric truck company. Amazon was among a group of recent investors in autonomous vehicle startup Aurora Innovation Inc. Last month, Amazon said it would test package deliveries by small robots in a Seattle-area neighborhood.
- Market Realist•2 days ago
Airbus to Scrap A380 Production as Customers Cut Back Orders
Airbus to Scrap A380 Production as Customers Cut Back OrdersAirbus to scrap A380 productionEuropean aviation giant Airbus has decided to stop manufacturing the double-decker A380 aircraft in 2021, as it has struggled to book more orders for the
- Reuters•yesterday
Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers
Jeff Leonard slides behind the wheel of his burgundy Honda Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him. It is one of nearly 100 such Walmart deliveries for Leonard since July, when he first signed up to courier for the world's largest retailer. Leonard is one of hundreds of local independent drivers for DoorDash, the San Francisco-based online delivery service that Walmart uses to handle same-day delivery of groceries to shoppers' homes outside of Atlanta.
