FedEx Corporation Reports 28% Advance In Q4 Earnings

A Federal Express truck on delivery
EPS for FedEx (FDX) Expected At $3.84, 4 Analysts Bullish Stericycle (SRCL)
Author

24 June, 2017

This indicates more upside for the $55.99B company. If the $219.87 PT is reached, the company will be worth $2.24 billion more.

Shares of the company, often considered a bellwether for the US economy like rival United Parcel Service Inc, were marginally up at $210.6 in after-market trading on Tuesday. Also, CEO Frederick W. Smith sold 135,000 shares of FedEx Corporation stock in a transaction on Tuesday, May 2nd. It has outperformed by 2.32% the S&P500. Knowles Corp (NYSE:KN) has risen 40.62% since June 21, 2016 and is uptrending. Baird Financial Group, Inc. added to its investment by buying 1,170 shares an increase of 0.4% from 12/31/2016 to 03/31/2017. Wesbanco Inc (NASDAQ:WSBC) was reduced too.

Investors sentiment is 0.93 in 2016 Q4. Its down 0.98, from 3.19 in 2016Q3. It is negative, as 40 investors sold HP shares while 179 reduced holdings. 82 funds opened positions while 147 raised stakes. 473.22 million shares or 6.83% less from 507.90 million shares in 2016Q3 were reported. The Illinois-based North Star Investment Management Corp. has invested 0.26% in the stock. Allianz Asset Mngmt Ag owns 213,563 shares.

D-E Shaw & Company Inc decreased Knowles Corp (KN) stake by 40.39% reported in 2016Q4 SEC filing. (NASDAQ:ISBC) for 13,800 shares. Cypress Gru has invested 0.14% of its portfolio in HCP, Inc. 4,013 were accumulated by Confluence Wealth Mgmt Limited Co. Calvert Mngmt holds 617,604 shares. Howe & Rusling Inc invested in 10 shares. Bryn Mawr, Pennsylvania-based fund reported 19,266 shares. State Of Tennessee Treasury Department reported 131,401 shares or 0.13% of all its holdings. Therefore 83% are positive. Legg Mason Inc. had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by B. Riley & Co on Thursday, September 29 to "Neutral". Stifel Nicolaus maintained it with "Buy" rating and $186 target in Wednesday, September 21 report. The firm has "Hold" rating given on Monday, August 24 by Zacks.

Equity analyst Deutsche Bank initiated coverage on the stock with a rating of "Buy". Stock traders bought 15,631 put options on the company. The company was maintained on Thursday, March 17 by Citigroup. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.31% in the stock. RBC Capital Markets maintained the stock with "Sector Perform" rating in Thursday, September 17 report. The stock of HCP, Inc. The rating was upgraded by Jefferies to "Hold" on Tuesday, May 10. The shares were sold at an average price of $195.00, for a total transaction of $5,002,725.00. The shares were sold at an average price of $189.02, for a total value of $25,517,700.00. 36,529 shares valued at $7.02 million were sold by BRONCZEK DAVID J on Thursday, December 22. MERRILL MARK G had sold 3,000 shares worth $158,700. The insider LO PATRICK CS sold 9,900 shares worth $562,836. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Therefore 59% are positive. Helmerich & Payne had 83 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 22 by Wedbush. The rating was maintained by Oppenheimer on Wednesday, September 21 with "Outperform". UBS maintained FedEx Corporation (NYSE:FDX) rating on Friday, June 3. The firm earned "Outperform" rating on Friday, December 16 by Cowen & Co.

Among 11 analysts covering Knowles Corporation (NYSE:KN), 5 have Buy rating, 2 Sell and 4 Hold.

In other FedEx Corporation news, Director Shirley A. Jackson sold 6,145 shares of the stock in a transaction dated Thursday, March 23rd. The firm earned "Equal-Weight" rating on Tuesday, February 23 by Morgan Stanley. The firm has "Hold" rating given on Thursday, March 23 by Scotia Capital.

Investors sentiment increased to 1.02 in 2016 Q4. 196.16 million shares or 1.84% more from 192.62 million shares in 2016Q3 were reported. 2,075 were accumulated by Granite Investment Advsrs. Finally, Brick & Kyle Associates raised its position in shares of FedEx Corporation by 1.5% in the first quarter.

By historical standards, FedEx Corporation remains a cheap stock. Factory Mutual owns 338,400 shares or 0.75% of their U.S. portfolio. Blume Capital Management Inc. increased its stake in FedEx Corporation by 0.8% in the first quarter. Utah Retirement holds 0.21% of its portfolio in FedEx Corporation (NYSE:FDX) for 45,724 shares. Hartline Inv Corporation invested 0.52% in FedEx Corporation (NYSE:FDX). Vetr downgraded FedEx Corporation from a "hold" rating to a "sell" rating and set a $202.23 price target on the stock.in a report on Tuesday, June 13th. Moreover, Glacier Peak Capital Llc has 0.26% invested in the company for 62,700 shares.

Despite the better overall results, the FedEx Freight Segment saw operating income fall by 3% to $133 million in the fiscal fourth quarter as revenue increased 6% to $1.7 billion. Ashfield Prtn Limited Liability invested 0.05% in FedEx Corporation (NYSE:FDX). Nomura holds 0% or 7,060 shares in its portfolio. Arrow stated it has 0.77% in FedEx Corporation (NYSE:FDX). The company has market cap of $57.19 million.

Headquartered in Memphis, Tenn., the company continues to realize stronger profitability from various program initiatives not only at its Express segment, but also strong shipment volume growth at FedEx Ground. It has a 18.18 P/E ratio.


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