FDX - FedEx Corporation

NYSE - NYSE Delayed Price. Currency in USD
+1.54 (+1.02%)
At close: 4:00PM EDT
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Previous Close150.91
Bid152.24 x 800
Ask152.45 x 900
Day's Range149.50 - 152.60
52 Week Range147.82 - 250.95
Avg. Volume2,464,400
Market Cap39.776B
Beta (3Y Monthly)1.76
PE Ratio (TTM)89.57
EPS (TTM)1.70
Earnings DateDec 17, 2019
Forward Dividend & Yield2.60 (1.72%)
Ex-Dividend Date2019-09-06
1y Target Est179.32
Trade prices are not sourced from all markets
  • This Dow Jones Retail Giant Is About To Test Deliveries Via Drone
    Investor's Business Daily

    This Dow Jones Retail Giant Is About To Test Deliveries Via Drone

    Walgreens and FedEx will partner with Google Wing on drone deliveries of packages and goods. Walgreens stock and FedEx stock rose.

  • Bloomberg

    Aspirin-by-Drone Closer in Alphabet-Walgreens Delivery Test

    (Bloomberg) -- One of the nation’s largest drug store chains and a shipping service giant are joining forces, with Alphabet Inc.’s Wing to begin a first-of-its-kind drone delivery service in October.Walgreens, FedEx Corp. and Wing, an offshoot of Google that was the first U.S. drone operator to receive partial certification as an airline, will begin the exploratory deliveries in the small town of Christiansburg, Virginia, the companies said in an announcement Thursday.The companies aim to go beyond the small-scale delivery demonstrations that have occurred so far in the U.S., typically under controlled environments conducted over short ranges, they said.“Wing has spent the last seven years developing a delivery drone and navigation system for this purpose,” Chief Executive Officer James Ryan Burgess said in the release. “By delivering small packages directly to homes through the air in minutes, and making a wide range of medicine, food and other products available to customers, we will demonstrate what we expect safer, faster, cleaner local delivery to look like in the future.”Read more: Amazon Poised to Test Chopper-Plane Mashup for Drone DeliveriesThe announcement is a sign of the rapid maturation of the drone industry, as multiple titans of industry race to find their place in what could become a transforming technology. At the same time, the U.S. government hasn’t created a regulatory structure or formal safety standards for small, low-flying drone operations, so such demonstrations continue to be conducted using waivers to existing rules.Wing has conducted demonstrations of how its deliveries would work before, including lowering a Popsicle to a toddler in Virginia last year. But the project with Walgreens and FedEx is designed to send actual merchandise to customers on a far bigger scale.The demonstration project is being conducted near the campus of Virginia Tech in Blacksburg and is associated with the Mid-Atlantic Partnership, one of the groups selected by the U.S. government as testing entities for drone commerce. While there is growing demand for using drones to deliver goods and to perform many industrial functions, the Federal Aviation Administration is still in the process of developing regulations to govern them.Robotic RaceWing is one of the leading companies in the race toward having robotic unmanned craft zip through the sky to people’s homes to drop off goods, and has received waivers to allow longer-range flights.Amazon.com Inc. and United Parcel Service Inc. are also developing their delivery services. A number of smaller companies, including Flirtey Inc. and Zipline International Inc., are either doing demonstration projects or have made deliveries in other countries.The partnership between Wing, Walgreens and FedEx has benefits for all three in the race to exploit the drone economy.Walgreens, a division of Walgreens Boots Alliance Inc., and other large drugstore chains have seen their sales chipped away at by Amazon and other online retailers, as the convenience of a brick-and-mortar pharmacy a short drive away has been supplanted by a package delivered to a customer’s front door. Amazon has also moved into the prescription drug business, offering patients conveniently-packaged pills through its PillPack unit.Drugstores Fight BackIn response, the drugstore chains have begun offering competing services to defend themselves. Walgreens offers a delivery service for prescriptions, and has partnered with FedEx to use its stores as package drop-off points. It’s also partnered with Kroger Co. on a pilot program for customers to pick up groceries at Walgreens stores.The partnership with Wing gives FedEx leverage to compete against UPS, which is using the small flying devices for revenue-generating health-care deliveries, such as blood samples, within a hospital campus in North Carolina.UPS is also seeking FAA authorization to operate like a small airline and expects to get that designation soon. UPS Chief Executive Officer David Abney has said the focus of drone deliveries would be the health-care industry at first, and then expand from there.(Updates with other companies in ninth paragraph.)\--With assistance from Drew Armstrong.To contact the reporters on this story: Alan Levin in Washington at alevin24@bloomberg.net;Thomas Black in Dallas at tblack@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Fed Rate Cuts, Microsoft Strength & Buy Skechers (SKX) Stock - Free Lunch

    Fed Rate Cuts, Microsoft Strength & Buy Skechers (SKX) Stock - Free Lunch

    The Fed cuts interest rates again, but what's next? Why Microsoft (MSFT) stock surged. The latest from AT&T (T) and FedEx (FDX). And why Skechers (SKX) stock is a Zacks Rank 1 (Strong Buy) right now - Free Lunch

  • Reuters

    UPDATE 1-FedEx pilot detained, released by police in South China

    FedEx Corp on Thursday said that Chinese authorities in the southern city of Guangzhou detained and later released one of its pilots on bail. The pilot was taken into custody "after an item was found in his luggage prior to a commercial flight. The pilot, identified as former U.S. Air Force pilot Todd Hohn, was detained a week ago at the Guangzhou airport, a FedEx regional hub, according to a Wall Street Journal report, citing a lawyer for the pilot's family.

  • Walgreens and FedEx to test delivery by drone
    American City Business Journals

    Walgreens and FedEx to test delivery by drone

    Walgreens said it's teaming with drone maker Wing in a test to deliver packages to residents of Christianburg, Virginia beginning next month.

  • Key facts from FedEx's quarterly report
    American City Business Journals

    Key facts from FedEx's quarterly report

    It’s been a rough week for FedEx. While there is no question multiple factors negatively contributed to FedEx’s numbers, one resounding message was provided by FedEx leaders during the earnings call: the U.S./China trade tensions are hurting the company’s bottom line. In conjunction with FedEx’s earnings, the company filed a 10-Q report with the U.S. Securities and Exchange Commission (SEC).

  • Business Wire

    Drone Deliveries Coming Soon, as Wing Unveils Plans for First-of-its-Kind Trial with FedEx and Walgreens

    Wing Aviation LLC, an Alphabet company, is collaborating with FedEx Express and Walgreens to launch a first-of-its-kind drone delivery service in Christiansburg, Virginia next month. The pilot program will demonstrate the many benefits of drone delivery to communities by exploring methods to enhance last-mile delivery service, improve access to health care products, and create a new avenue of growth for local businesses.

  • Benzinga

    World's Foremost Blockchain Experts And Groundbreaking Projects Part Of The Upcoming BiTA Symposium

    After years of hearing about blockchain and how it will disrupt logistics and other industries, projects using the technology are finally starting to show promise. Some of these projects will be featured when the Blockchain in Transport Alliance (BiTA) holds its BiTA Symposium Chicago on Nov. 14, 2019, at McCormick Place in Chicago. The event will follow FreightWaves LIVE Chicago, being held Nov. 12-13 at the same location.

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

    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 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’

    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

    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

    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.

  • 3 Big Stock Charts for Thursday: Western Union, SYSCO and H & R Block

    3 Big Stock Charts for Thursday: Western Union, SYSCO and H & R Block

    The market wasn't sure what to make of the interest rate cut. Stocks spent the better part of the day just a bit in the red, but when thrown for a look by the Federal Reserve's decision to lower rates to the tune of a quarter of a point, they slumped in a measurable way. By the time the closing bell rang though, the S&P 500 was back to just a hair better than a breakeven.Source: Shutterstock The broad market might have fared much better were it not for FedEx (NYSE:FDX). Shares of the delivery giant fell nearly 13% after falling short of last quarter's earnings estimates and then dialing back its 2020 outlook. Chesapeake Energy (NYSE:CHK) was a major drag too though, sliding more than 10% lower as investors unwound their buying spurred earlier this week by news that an attack on oil fields in the Middle East posed a threat to global supply.Among the winners that helped keep the S&P 500 out of the red was General Electric (NYSE:GE), albeit just barely. Shares of the beleaguered industrial giant mustered a little more than a breakeven on the heels of improving confidence in the company's recovery prospects.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Stocks to Buy for a Recession As for stocks worth a closer inspection moving into today's action, take a look at the stock charts of H & R Block (NYSE:HRB), SYSCO (NYSE:SYY) and The Western Union Company (NYSE:WU). Here's why. Western Union (WU)Were it just the loss shares of The Western Union Company logged on Wednesday, the matter might be dismissible. In fact, it wouldn't even be interesting to take note of.Between the shape of yesterday's intraday action though, and the context in which it happened, it's difficult to ignore. While the bigger-picture uptrend is still completely intact, it's nearing a breaking point, and is more vulnerable now than it has been at any point in the past several months. * Click to EnlargeYesterday's start was a firmly bullish one, but over the course of the day, that gain was turned into a decided loss. Such an intraday swing is concerning, even if it has not yet dragged WU below its blue 20-day moving average line. * The underpinnings for what's quickly turning into a new downtrend, however, is the bar from Sept. 12 (highlighted). After a week and a half of gains leading up and into it, the open and close at the middle of that high/low range. This often occurs at pivot points, in this case out of an uptrend and into a downtrend. * It's only evident on the weekly chart, but this month's red-hot bullishness has pushed Western Union deep into overbought territory, according to the RSI indicator. H & R Block (HRB)Back in late June, H & R Block shares were knocking on the door of a huge technical ceiling. The stock had just pushed up and off of a horizontal floor, and though not yet above a key high, the momentum at the time suggested such a move was likely.It never happened. In fact, HRB stock fell all the way back to near that familiar floor, where it's still applying pressure. The risk of a breakdown still looms large, and another slightly different support level has since come into play. * 10 Companies Making Their CEOs Rich * Click to EnlargeThe big trading range that has remained intact for nearly two years now is framed with yellow dashed lines on both stock charts, plotted between $24 and $29, give or take. * In the meantime, a new rising floor has materialized. Plotted in light blue on both stock charts, it connects all the key lows since June of last year, including yesterday's low. * Although there's bearish momentum in place here, we've seen that before to no avail. A bounce is just as possible given the situation. Either outcome could be tradeworthy though. SYSCO (SYY)Finally, a little more than two months ago, SYSCO was pegged as a good rally candidate. Although at the time it was stalling at the resistance dished out by the 50-day moving average line plotted in purple on both stock charts, the bigger-picture framework boded well.That prospect has since panned out. Although it took a pretty good pullback and then quite a running start to get SYY shares over their hump, now that they are, there's a ton of room to run. * Click to EnlargeThat last look is marked with a yellow arrow on the daily chart. Shares technically moved above it, but had to come back and kiss the white 200-day moving average line to fully regroup. * This rebound effort is still all part of a much bigger trading range that put a new rally in motion late last year. The confines of this expanding wedge pattern are marked in blue dashed lines on the weekly chart. * The same weekly chart suggests SYY stock could climb to $90 or higher before major resistance is met. The broad market, of course, will have to help out for that to happen.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post 3 Big Stock Charts for Thursday: Western Union, SYSCO and H & R Block appeared first on InvestorPlace.

  • 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

    Handicapping the Q3 2019 Earnings Season

    Handicapping the Q3 2019 Earnings Season

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

    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.

  • U.S. Steel plunges, FedEx shares continue to struggle
    Yahoo Finance Video

    U.S. Steel plunges, FedEx shares continue to struggle

    U.S. Steel became the third steel company this week to issue a profit warning to investors as the stock plunged as much as 15%. FedEx shares dropped 13% after the company’s earnings report prompted a wave of downgrades from analysts at Deutsche Bank, Stifel, Keybanc, and BMO. Yahoo Finance's Myles Udland, Jen Rogers and Andy Serwer sit down and discuss.