FDX - FedEx Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
150.55
-0.36 (-0.24%)
As of 11:58AM EDT. Market open.
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Previous Close150.91
Open150.22
Bid150.59 x 1000
Ask150.63 x 900
Day's Range149.56 - 151.74
52 Week Range147.82 - 250.95
Volume2,442,472
Avg. Volume2,464,400
Market Cap39.275B
Beta (3Y Monthly)1.76
PE Ratio (TTM)88.46
EPS (TTM)1.70
Earnings DateDec 17, 2019
Forward Dividend & Yield2.60 (1.50%)
Ex-Dividend Date2019-09-06
1y Target Est179.52
Trade prices are not sourced from all markets
  • FedEx blames earnings miss on trade tensions, Amazon split
    Yahoo Finance Video

    FedEx blames earnings miss on trade tensions, Amazon split

    FedEx reported earnings that missed expectations, and also lowered its guidance for the fiscal 2020 year. The company blamed trade tensions and its lost business with Amazon as cause for the miss. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Courtney Dominguez, Payne Capital Management Financial Advisor, to discuss.

  • The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon
    Zacks

    The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon

    The Zacks Analyst Blog Highlights: FedEx, UPS and Amazon

  • Zacks Earnings Trends Highlights: Oracle, Adobe Systems, FedEx, General Mills and JPMorgan
    Zacks

    Zacks Earnings Trends Highlights: Oracle, Adobe Systems, FedEx, General Mills and JPMorgan

    Zacks Earnings Trends Highlights: Oracle, Adobe Systems, FedEx, General Mills and JPMorgan

  • FedEx CEO: Amazon among rivals ‘we wake up every day trying to think about’
    MarketWatch

    FedEx CEO: Amazon among rivals ‘we wake up every day trying to think about’

    Competition from Amazon.com Inc was once “fantastical,” but now FedEx Corp. CEO Fred Smith says he thinks about it every day.

  • Company News For Sep 19, 2019
    Zacks

    Company News For Sep 19, 2019

    Companies in the news are: FDX, BYND, SPI, NLNK

  • FedEx Stock: Analysts Downgrade It after Outlook Cut
    Market Realist

    FedEx Stock: Analysts Downgrade It after Outlook Cut

    FedEx (FDX) stock faced rating downgrades following its dismal first-quarter results and lower outlook for fiscal 2020.

  • TheStreet.com

    FedEx Pilot Detained By Police in Southern China - Report

    FedEx shares traded lower Thursday following a report that suggested one of its pilots was detained by police in Southern China.

  • FedEx stock plunges as outlook prompts four analyst downgrades
    MarketWatch

    FedEx stock plunges as outlook prompts four analyst downgrades

    FedEx stock tanks as several analysts downgrade it following a quarterly miss and a steep outlook cut for the logistics company.

  • Barrons.com

    Podcast: A 14% Drop for FedEx, and Two More Numbers to Know

    Blame the slowing global economy -- that’s what FedEx (ticker: FDX) CEO Fred Smith told investors. The thinking is that if economic growth improves, so will the stock. The drop in oil prices over the last two days has been just as remarkable as the initial shock on Monday.

  • Financial Times

    Opening Quote: Kier counts the cost of its turnround

    Ten months ago, construction contractor Kier launched an emergency rescue rights issue. A year ago Kier posted pre-tax profits of £106m. Kier took £341m in charges, including £56m in restructuring costs and £172m related to selling operations or getting divisions ready for sale or closure (it is in talks to sell its residential housebuilding division Kier Living).

  • Why FedEx Tanked by 13% on September 18
    Market Realist

    Why FedEx Tanked by 13% on September 18

    FedEx (FDX) stock fell sharply today after releasing its Q1 earnings on Tuesday after the bell. FDX's adjusted earnings per share fell 11.8% YoY to $3.05.

  • Benzinga

    Does FedEx Face A Cyclical Or Structural Problem?

    As FedEx Corp. (NYSE: FDX) struggles through one of the worst days in its 41 years as a public company, the question arises: Has the company made its bed and is now lying in it, or has an otherwise sound long-term strategy been undermined, at least in the short run, by cyclical forces beyond its control? On the other hand, those who believe FedEx's missteps are coming home to roost acknowledge that the macro climate, especially the global goods-producing category, is weak and getting weaker, and that the company can only do so much if its customers are shipping less, if at all.

  • Handicapping the Q3 2019 Earnings Season
    Zacks

    Handicapping the Q3 2019 Earnings Season

    Handicapping the Q3 2019 Earnings Season

  • FedEx & UPS Divergence: What's The Catalyst?
    Zacks

    FedEx & UPS Divergence: What's The Catalyst?

    The shipping industry is in crux position as retail is shifting from brick-and-mortar to online. This creates both an excellent opportunity for growth as well as new competitors like industry behemoth Amazon.

  • US STOCKS-S&P 500 ends slightly higher after Fed gives mixed signals
    Reuters

    US STOCKS-S&P 500 ends slightly higher after Fed gives mixed signals

    The S&P 500 ended marginally higher on Wednesday after Federal Reserve policymakers cut interest rates by a quarter of a percentage point, as expected, but gave mixed signals about their next move. With continued economic growth and strong hiring "the most likely outcomes," the Fed nevertheless cited "uncertainties" about the outlook and pledged to "act as appropriate" to sustain the expansion. Stocks sold off immediately after the Fed's announcement but rebounded during Chairman Jerome Powell's press conference.

  • Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles
    InvestorPlace

    Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles

    After a couple of quiet days for equity investors, we finally got some action in the stock market today. The move comes after the Federal Reserve announced a 25 basis point reduction in the Fed Funds rates.Just the day before, we had noted that the likelihood went from a sure-fire rate cut a few weeks ago to a coin toss. Well, the Fed delivered with lower rates and Fed Chair Jerome Powell said the Fed will be accommodating in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.1%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) rallied 0.2% and the Invesco QQQ Trust (NASDAQ:QQQ) slipped 0.04%. Fed CutsWhile the Fed statement says it will be accommodating, the group does not seem interested in a spree of rate cuts. That's according to the voting members and where they stand in regards to cutting rates both this month and throughout the rest of the year.That's not to say they will not cut rates -- the Fed overall sees at least one more rate cut this year -- but the group's stance caused some dovish investors to recoil initially. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Have no fear, though. While Powell said he doesn't anticipate negative interest rates, such as in the European Union, he also said the Fed may have to raise its balance sheet sooner than expected. Further, the Fed will only stop taking accommodating action once it is warranted.If anything, it was a reassuring meeting where equity investors got the rate cut they wanted and heard the Fed has their back. Powell called it an "insurance" move, and that's exactly what it was. Roku WreckedDespite the accommodating stance of the Fed, Roku (NASDAQ:ROKU) was smashed on the day. Shares had already declined notably from its highs near $176, but they were holding up pretty well between $140 and $150 as the 20-day moving average was buoying the stock.That is, until today.Despite Guggenheim analysts maintaining their "buy" rating and moving their price target from $119 to $170, the stock plunged more than 14% at one point. The stock came within this close of hitting its 50-day moving average on the decline.From a trading perspective, it's got some investors wondering if ROKU will test and hold this mark, or if it will knife right through it like so many other red-hot tech stocks did earlier this month.In any regard, the decline comes as both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announce over-the-top products and platforms. Increasing competition, especially from these juggernauts, dealt a blow to Roku today. Let's see where it ends up finding support. Movers in the Stock Market TodayAdobe Systems (NASDAQ:ADBE) initially took a tumble after reporting earnings. The company beat on earnings and revenue expectations, but provided lower-than-expected guidance for next quarter. As such, shares sank 1.8% on the day.(Here's how to trade Adobe stock now, by the way).Shares of FedEx (NYSE:FDX) were creamed on Wednesday and deservedly so. Revenue was flat year-over-year and in line with expectations, while earnings missed analysts' expectations. Worse, the company cut its full-year revenue and earnings outlook, with the midpoint of the latter coming in roughly 16% below consensus estimates. Shares fell almost 13% and hover just above its 52-week lows. The result is also ushering in a slew of Wall Street downgrades.Chewy (NYSE:CHWY) fell 6.2% after the company reported earnings. Revenue grew 43% year-over-year and topped expectations, while earnings missed estimates. However, margins expanded and EBITDA topped estimates. Let's see how this recent IPO does in the coming days and weeks.General Mills (NYSE:GIS) slipped 0.9% after beating earnings and missing on revenue expectations. Management reaffirmed its full-year outlook and while the quarter wasn't great, it wasn't terrible either. With that 3.6% yield and the Fed cutting interest rates again, it may be enough to keep investors going to GIS.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Stock Market Today: Federal Reserve Cuts Rates; Roku Tumbles appeared first on InvestorPlace.

  • Stock Market Ends Mixed After Fed's Quarter-Point Rate Cut; FedEx, Adobe, Roku Take Big Hits
    Investor's Business Daily

    Stock Market Ends Mixed After Fed's Quarter-Point Rate Cut; FedEx, Adobe, Roku Take Big Hits

    The stock market closed mixed on Wednesday, despite the Federal Reserve's much-anticipated quarter-point cut in its benchmark fed funds rate.

  • FedEx Plunges Most Since 2008 as Outlook Cut Spurs Analyst Scorn
    Bloomberg

    FedEx Plunges Most Since 2008 as Outlook Cut Spurs Analyst Scorn

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. FedEx Corp. Chief Executive Officer Fred Smith blamed the company’s disappointing outlook on a weakening global economy dragged down by President Trump’s trade war. Wall Street isn’t buying it.At least five analysts downgraded the shares, taking Smith to task for what Deutsche Bank AG called a series of “missteps’’ in recent years. The shares plunged Wednesday by the most in a decade.FedEx hasn’t moved fast enough to reduce capital expenditures and cut capacity at the air-shipping business, critics said. A $4.8 billion acquisition in Europe has turned into a money pit. And the courier is incurring extra costs to boost efficiency to handle the surge in e-commerce deliveries -- all while cutting longstanding ties with Amazon.com Inc.“While some may view this as the bottom in shares, we don’t see any support until management takes responsibility for recent performance and clearly articulates a credible path to better results,” said Deutsche Bank’s Amit Mehrotra, who downgraded the stock. “In the meantime, share will continue to melt lower, and rightfully so,” he wrote in a report titled “Lost confidence in FDX.”The shares tumbled 13% to $150.91 at the close in New York, the biggest drop since December 2008. United Parcel Service Inc. fell 1.1% while Deutsche Post AG slipped 1.2%.FedEx’s slide wiped out its year-to-date gain. Even before the drop, the shares were already lagging UPS and a Standard & Poor index of U.S. industrial companies.Deutsche Post responded to FedEx’s warning by saying that it hasn’t seen changes in volume trends since its most recent comments in August. UPS said it hasn’t detected a broad-based slump.“UPS has seen softening in some markets as customers react to trade uncertainty, but has not experienced broad dampening,” the Atlanta-based courier said in a statement. “The company continues to manage costs and adapt its network to take advantage of growth opportunities as sourcing patterns shift among markets.”FedEx surprised investors by slashing its profit outlook for the fiscal year ending in May to as low as $11 a share, 25% lower than analysts’ expectations. Smith and his lieutenants also drew fire for a combative conference call late Tuesday.While Smith asserted that “FedEx will unquestionably be the low-cost producer” for domestic air deliveries, the company said the new outlook didn’t count on any additional weakening in the global economy. In other words, there could be more downside.‘Lost Their Way’“They were saying, ‘Yes, it’s tough out there and challenging. These are the actions we’re going to take. Trust us,’ ” said Kevin Sterling, an analyst with Seaport Global Holdings. “They’ve kind of lost their way here for it seems like a year or so. People are becoming more skeptical.”FedEx cited global economic weakness “driven by increasing trade tensions and policy uncertainty,” and the company is hardly alone in feeling anxiety. The Business Roundtable’s CEO Economic Outlook Index fell in the third quarter to the lowest since late 2016, the group said Wednesday.More than half of CEOs said U.S. trade policy and retaliation from other countries had a negative effect on sales over the past year, while a third said it was having a similar impact on hiring.But FedEx took criticism from analysts for sticking with a capital-spending budget of $5.9 billion, including $350 million to finish the work to combine FedEx’s network in Europe with TNT Express, a Dutch-based company it bought in 2016.‘Execution Challenges’Whether those efforts turn into higher profit remains to be seen, said Todd Fowler, an analyst with KeyBanc Capital Markets, who also downgraded the shares.“We anticipate a ‘wait-and-see’ approach with respect to expected margin and earnings improvement given recent execution challenges,” Fowler said in a note to clients.What Bloomberg Intelligence Says:“FedEx is facing a number of near-term headwinds on top of the pressures from slowing economic growth.“While fiscal 2020 will be a transition year for the company, we still believe longer-term prospects should turn positive once benefits from TNT and investments in technology and equipment are realized.”\- Analysts Lee Klaskow and Adam Roszkowski\- Click here for the researchTNT is turning into a particular sore spot. An economic slowdown in Europe is hampering FedEx’s effort to turn around operations after what is already a slow, costly integration. Running both the TNT and FedEx networks drives up costs, Sterling said.“This global macro weakness couldn’t hit them at a worse time. They’re kind of getting exposed,” Sterling said. “The international weakness hit them faster than they realized. It was just three months ago that they lowered guidance and now again they’re coming back to do it. The ultimate question is when is the bottom.”\--With assistance from Richard Weiss, Bailey Lipschultz and Tony Robinson.To contact the reporters on this story: Thomas Black in Dallas at tblack@bloomberg.net;Sam Unsted in London at sunsted@bloomberg.net;Chiara Remondini in Milan at cremondini@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, ;Beth Mellor at bmellor@bloomberg.net, Richard CloughFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    Dumping FedEx on Guidance? Why You Should 'Look Through the Trees'

    FedEx may be right for the long-term investors. Traders might want to be cautious.

  • Benzinga

    PreMarket Prep Recap: A Trio Of Earnings Debacles, Facebook Pulls A Fast One On Roku

    A trio of earnings announcements set the tone at the top of Wednesday's PreMarket Prep show. After the close on Tuesday, FedEx Corporation (NYSE: FDX) disappointed the Street with a third-quarter miss along lower guidance for 2020 EPS and sales. The next issue on the hit parade was Chewy Inc (NYSE: CHWY).

  • Reuters

    US STOCKS-Fed's mixed signals on next move send Wall Street lower

    Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move. With continued economic growth and strong hiring "the most likely outcomes," the Fed nevertheless cited "uncertainties" about the outlook and pledged to "act as appropriate" to sustain the expansion. "The main concern (for stock investors) is there might not be another cut, and that's why you had a little bit of a sell-off," said Alan Lancz, President of Alan B. Lancz and Associates in Toledo, Ohio.

  • S&P 500 ends flat after rate cut
    Reuters Videos

    S&P 500 ends flat after rate cut

    The S&P 500 closed flat Wednesday. Stocks initially fell after the Federal Reserve cut interest rates by a quarter percentage point but recovered after chairman Jerome Powell said he was not ruling out further rate cuts. The Nasdaq closed lower. Argus Research senior analyst Kevin Heal: SOUNDBITE: ARGUS RESEARCH SENIOR ANALYST KEVIN HEAL (ENGLISH) SAYING: "Even though we dropped a little, it's kind of like to me, it's kind of like a no-big-deal kind of thing. We're looking at you know, fundamentally, nothing's really changed. A lot of it was baked into the market already." Shares of FedEx plummeted and were the biggest decliner on the S&P 500. The delivery company sharply slashed its profit forecast for next year. It blamed U.S.-China trade tensions, weaker international activity, and the loss of its contract with Amazon.com. ALSO DOWN ON WEDNESDAY WAS Adobe. The maker of the Photoshop editing software issued a disappointing forecast for revenue in the current quarter. AND Investors WERE LEFT WITH A BAD TASTE IN THEIR MOUTHS FOLLOWING RESULTS FROM Chewy. Shares fell after the online pet food retailer's quarterly loss widened more than analysts expected. The stock has plummeted since the company went public in June. --------------- (this top will change once Powell speaks) Stocks on Wall Street edged lower Wednesday after economic bellwether FedEx delivered a dismal profit warning. Investors sold telecom and industrial stocks and snapped up defensive sectors like utilities and consumer staples. Argus Research senior analyst Kevin Heal: SOUNDBITE: ARGUS RESEARCH SENIOR ANALYST KEVIN HEAL (ENGLISH) SAYING: "XXX." Shares of FedEx plummeted and were the biggest decliner on the S&P 500. The delivery company sharply slashed its profit forecast for next year. It blamed U.S.-China trade tensions, weaker international activity, and the loss of its contract with Amazon.com. Adobe dropped for a similar reason. The maker of the Photoshop editing software issued a disappointing forecast for revenue in the current quarter. More to chew on for investors of Chewy. Shares fell after the online pet food retailer's quarterly loss widened more than analysts expected. The stock has plummeted since the company went public in June.