FDX
| Market cap | $44.84B |
|---|---|
| Enterprise value | $76.64B |
| Revenue | $87.514B |
|---|---|
| EBITDA | $10.358B |
| Income | $4.395B |
| Revenue Q/Q | -1.94% |
| Revenue Y/Y | -5.51% |
| P/E | 14.18 |
|---|---|
| Forward P/E | 14.91 |
| EV/Sales | 0.88 |
| EV/EBITDA | 7.40 |
| EV/EBIT | 11.76 |
| PEG | 1.22 |
| Price/Sales | 0.51 |
| P/FCF | 13.45 |
| Price/Book | 1.72 |
| Book/Share | 144.33 |
| Cash/Share | 37.93 |
| FCF yield | 7.43% |
| Volume | 1.431M / 1.429M |
|---|---|
| Relative vol. | 1.00 × |
| EPS | 17.50 |
|---|---|
| EPS Q/Q | -21.28% |
| Est. EPS Q/Q | -41.61% |
| Profit margin | 4.41% |
|---|---|
| Oper. margin | 6.29% |
| Gross margin | 60.30% |
| EBIT margin | 7.45% |
| EBITDA margin | 11.84% |
| Ret. on assets | 5.04% |
|---|---|
| Ret. on equity | 16.62% |
| ROIC | 7.00% |
| ROCE | 8.95% |
| Debt/Equity | 2.34 |
|---|---|
| Net debt/EBITDA | 12.16 |
| Current ratio | 1.31 |
| Quick ratio | 1.26 |
| Volatility | 1.98% |
|---|---|
| Beta | 0.89 |
| RSI | 43.86 |
|---|
| Insider ownership | 7.65% |
|---|---|
| Inst. ownership | 73.58% |
| Shares outst. | 246.081M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.17% |
| Short ratio | 1.97 |
| Dividend | $3.78 |
|---|---|
| Dividend yield | 1.52% |
| Payout ratio | 21.60% |
| Payment date | 9 Jul 2024 |
| Ex-dividend date | 24 Jun 2024 |
| Earnings date | 25 Jun 2024 |
Wednesday, 12 June 2024
|
|
| FedEx to Cut Up to 2,000 European Jobs in Cost-Reduction Move | |
| FedEx to cut up to 2,000 back-office jobs in Europe | |
Thursday, 6 June 2024
|
|
| NTSB begins considering probable cause in a near-collision between FedEx and Southwest planes | |
Friday, 24 May 2024
|
|
| FedEx reinstates services in Ukraine after two-year suspension | |
Tuesday, 21 May 2024
|
|
| FedEx Poised for 'Solid' Quarterly Earnings But Faces Headwinds in Fiscal 2025, UBS Says | |
Thursday, 9 May 2024
|
|
| US to determine cause of Southwest, FedEx jetliners near miss incident | |
Wednesday, 8 May 2024
|
|
| Boeing cargo plane lands in Istanbul without front landing gear, no casualties | |
Monday, 6 May 2024
|
|
| Federal judge sends FedEx contractor's racketeering claim to arbitration | |
Saturday, 4 May 2024
|
|
| 10 Best Trucking Stocks to Buy | |
Wednesday, 24 April 2024
|
|
| 15 Fastest Growing Cities in Tennessee | |
Tuesday, 23 April 2024
|
|
| UPS sees profit in U.S. Postal Service work that dragged down FedEx earnings | |
| UPDATE 1-UPS sees profit in U.S. Postal Service work that dragged down FedEx earnings | |
| UPS Sees Fifth Consecutive Quarterly Earnings Decline As Delivery Giant Keeps 2024 View Steady | |
Friday, 19 April 2024
|
|
| FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes | |
Thursday, 18 April 2024
|
|
| Top 15 Cities Where Gen Z is Moving in the US | |
Saturday, 6 April 2024
|
|
| Wall Street Analysts Just Trimmed Price Targets for These 10 Stocks | |
Monday, 1 April 2024
|
|
| United Parcel Service Won Some USPS Business. Why the Stock Is Down. | |
| Stocks Weaken As Treasury Yields Climb; Nasdaq Reverses Lower, Dow Sinks 250 Points | |
Friday, 29 March 2024
|
|
| Insider Sell: EVP - CTO & CEO Dataworks Sriram Krishnasamy Sells Shares of FedEx Corp | |
Thursday, 28 March 2024
|
|
| 25 Biggest Trucking Companies in the US | |
Wednesday, 27 March 2024
|
|
| Xi Meets US CEOs, Seeking to Boost Confidence in China’s Economy | |
Friday, 22 March 2024
|
|
| FedEx Confidently Delivered An Earnings Growth Surprise Owed To Structural Cost Cuts | |
| Stock Market Rallies To Record Highs On Dovish Fed, AI Optimism: Weekly Review | |
| Stock Market Slips Amid Tesla, Nike Carnage; FedEx Surges On Earnings, $5 Billion Buyback | |
| Dow Jones Futures Rise As FedEx Soars; Tesla Skids On China Production Cut | |
| US STOCKS-Futures tick up after Wall Street hits record highs | |
| These Stocks Are Moving the Most Today: FedEx, Nike, Apple, Reddit, Lululemon, and More | |
| Decoding FedEx Corp : A Strategic SWOT Insight | |
Thursday, 21 March 2024
|
|
| FedEx raises 2024 profit forecast on cost cuts | |
| FedEx Expected To Report Slight Revenue Decline With 2024 Guidance At Risk | |
Tuesday, 19 March 2024
|
|
| Will FedEx Earnings Show The Temu Effect Is Propelling U.S. Package Deliveries? | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Frederick W Smith Executive Chairman | Option 9 Apr 2024 | $22,894,072 |
| Tracy B Brightman EVP - Chief People Officer | Option 8 Apr 2024 | $572,450 |
| Rajesh Subramaniam President/CEO | Option 5 Apr 2024 | $3,944,107 |
| Richard W Smith Pres, CEO, Air, and Intl FXE | Option 4 Apr 2024 | $269,156 |
| Sriram Krishnasamy EVP - CTO and CEO Dataworks | Sale 28 Mar 2024 | $102,373 |
| R Brad Martin Director | Option 28 Mar 2024 | $406,944 |
| Mark R Allen EVP GENL COUNSEL/SECTY | Option 28 Mar 2024 | $1,735,404 |
| Susan C Schwab Director | Option 27 Mar 2024 | $919,968 |
| Guy M Ii Erwin STAFF VP INT PRIN ACCT OFFICER | Option 26 Mar 2024 | $569,868 |
| Richard W Smith Pres, CEO, Air, and Intl FXE | Option 5 Jan 2024 | $287,100 |
| John W Dietrich EVP CHIEF FINANCIAL OFF | Buy 28 Dec 2023 | $252,020 |
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Robintrack.
Price target
Current $248.09
Average $296.35
Low $240
High $372
Dividends
| Ex-dividend date | 24 Jun 2024 | Frequency | Quarterly | Annual dividend | +17.38% |
|---|---|---|---|---|---|
| Next dividend | 9 Jul 2024 | Dividend yield | 1.52% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 1.97% | Growth 3 years | +23.77% | |
| Last dividend | Yield 5 years | 1.60% | Growth 5 years | +15.01% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Frederick Smith (75) Chairman of the Board and Chief Executive Officer since 2017 | 75 | 2017 | $11,125,800 |
| Frederick W. Smith (77) Exec. Chairman and CEO | 77 | $5,541,443 | |
| Rajesh Subramaniam (54) President, Chief Operating Officer, and Director since 2020 | 54 | 2020 | $5,154,870 |
| Mark Allen (64) Executive Vice President, General Counsel, and Secretary since 2017 | 64 | 2017 | $4,789,180 |
| Henry Maier (66) President and Chief Executive Officer of FedEx Ground since 2013 | 66 | 2013 | $4,721,580 |
| Robert Carter (61) Chief Information Officer and Executive Vice President - FedEx Information Services since 2007 | 61 | 2007 | $4,705,930 |
| Donald Colleran (64) President and Chief Executive Officer of FedEx Express since 2019 | 64 | 2019 | $4,426,780 |
| Rajesh Subramaniam (55) Pres, COO, and Director | 55 | $3,992,407 | |
| Donald F. Colleran (65) Pres and CEO of FedEx Express | 65 | $3,361,897 | |
| Michael C. Lenz (57) Exec. VP and CFO | 57 | $2,509,538 | |
| Robert Barber Carter (60) Exec. VP of FedEx Information Services and Chief Information Officer | 60 | $1,486,738 | |
| R. Brad Martin (68) Independent Director since 2011 | 68 | 2011 | $320,620 |
| David Steiner (60) Lead Independent Director since 2009 | 60 | 2009 | $312,620 |
| Paul Walsh (65) Independent Director since 1996 | 65 | 1996 | $310,620 |
| John Inglis (65) Independent Director since 2015 | 65 | 2015 | $310,620 |
| Kimberly Jabal (51) Independent Director since 2013 | 51 | 2013 | $297,620 |
| Susan Schwab (65) Independent Director since 2009 | 65 | 2009 | $295,620 |
| Joshua Ramo (51) Independent Director since 2011 | 51 | 2011 | $295,620 |
| Shirley Ann Jackson (74) Independent Director since 1999 | 74 | 1999 | $295,620 |
| Susan Griffith (55) Independent Director since 2018 | 55 | 2018 | $295,620 |
| Marvin Ellison (55) Independent Director since 2014 | 55 | 2014 | $295,620 |
| Jill Brannon (57) Executive Vice President and Chief Sales Officer since 2019 | 57 | 2019 | |
| Brie Carere (42) Executive Vice President, Chief Marketing, and Communications Officer since 2019 | 42 | 2019 | |
| John Smith (58) President, Chief Executive Officer, and FedEx Freight Corporation since 2018 | 58 | 2018 | |
| Michael Lenz (56) Chief Financial Officer and Executive Vice President since 2020 | 56 | 2020 | |
| Mark R. Allen (65) Exec. VP, Gen. Counsel, and Sec. | 65 | ||
| Jennifer L. Johnson (48) Corp. VP and Principal Accounting Officer | 48 | ||
| Herbert C. Nappier | |||
| Brie A. Carere (41) Exec. VP, Chief Marketing, and Communications Officer | 41 | ||
| Mickey Foster | |||
| John L. Merino |
fedex connects people and possibilities through our worldwide portfolio of shipping, transportation, e-commerce and business services. we offer integrated business applications through our collaboratively managed operating companies — collectively delivering extraordinary service to our customers — using the expertise and reliability represented by the fedex brand. our people are the foundation of our success, and fedex has consistently ranked among the world’s most admired and trusted employers. we inspire our global workforce of more than 400,000 employees to remain absolutely, positively focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. we owe our success as an industry leader to the more than 400,000 global team members who deliver exceptional customer service experiences day-in and day-out. want to be part of this dynamic team? check out our open positions located on the careers site on fedex.com: http://careers.va
- Industrials > Transportation Infrastructure
- Fedex Corp, 942 South Shady Grove Road, Memphis 38120, United States
- 901 818 7500
- Investor relations
Dividends
| Ex-dividend date | 24 Jun 2024 | Frequency | Quarterly | Annual dividend | +17.38% |
|---|---|---|---|---|---|
| Next dividend | 9 Jul 2024 | Dividend yield | 1.52% | Growth period | 3 years |
| Last dividend date | Yield 3 years | 1.97% | Growth 3 years | +23.77% | |
| Last dividend | Yield 5 years | 1.60% | Growth 5 years | +15.01% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $5,644 | $6,729 | |||
| Short term investments | |||||
| Net receivables | $9,904 | $10,665 | |||
| Inventory | $640 | $632 | |||
| Total current assets | $17,424 | $19,117 | |||
| Long term investments | |||||
| Property, plant & equipment | $58,464 | $58,775 | |||
| Goodwill & intangible assets | $6,425 | $6,468 | |||
| Total noncurrent assets | $68,690 | $68,934 | |||
| Total investments | |||||
| Total assets | $86,114 | $88,051 | |||
| Current liabilities | |||||
| Accounts payable | $3,780 | $4,002 | |||
| Deferred revenue | |||||
| Short long term debt | $2,514 | $2,767 | |||
| Total current liabilities | $13,308 | $14,248 | |||
| Long term debt | $35,000 | $35,415 | |||
| Total noncurrent liabilities | $46,431 | $47,037 | |||
| Total debt | $37,514 | $38,182 | |||
| Total liabilities | $59,739 | $61,285 | |||
| Stockholders' equity | |||||
| Retained earnings | $37,174 | $36,605 | |||
| Other stockholder equity | -$1,335 | -$1,294 | |||
| Total stockholder equity | $26,375 | $26,766 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $6,856 | $6,897 | ||
| Short term investments | ||||
| Net receivables | $10,188 | $11,863 | ||
| Inventory | $604 | $637 | ||
| Total current assets | $18,610 | $20,365 | ||
| Long term investments | ||||
| Property, plant & equipment | $58,045 | $54,704 | ||
| Goodwill & intangible assets | $6,435 | $6,544 | ||
| Total noncurrent assets | $68,533 | $65,629 | ||
| Total investments | ||||
| Total assets | $87,143 | $85,994 | ||
| Current liabilities | ||||
| Accounts payable | $3,848 | $4,030 | ||
| Deferred revenue | ||||
| Short long term debt | $2,516 | $2,525 | ||
| Total current liabilities | $13,586 | $14,274 | ||
| Long term debt | $35,816 | $34,669 | ||
| Total noncurrent liabilities | $47,469 | $46,781 | ||
| Total debt | $38,332 | $37,194 | ||
| Total liabilities | $61,055 | $61,055 | ||
| Stockholders' equity | ||||
| Retained earnings | $35,259 | $32,782 | ||
| Other stockholder equity | -$1,327 | -$1,103 | ||
| Total stockholder equity | $26,088 | $24,939 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $21,738 | $22,165 | |||
| Cost of revenue | $8,434 | $8,715 | |||
| Gross profit | $13,304 | $13,450 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $7,693 | $7,833 | |||
| Total operating expenses | $12,061 | $12,174 | |||
| Operating income | $1,243 | $1,276 | |||
| Income from continuing operations | |||||
| EBIT | $1,274 | $1,299 | |||
| Income tax expense | $304 | $302 | |||
| Interest expense | $91 | $97 | |||
| Net income | |||||
| Net income | $879 | $900 | |||
| Income (for common shares) | $879 | $900 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $90,155 | $93,512 | ||
| Cost of revenue | $35,794 | $37,317 | ||
| Gross profit | $54,361 | $56,195 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $31,019 | $32,058 | ||
| Total operating expenses | $49,449 | $49,950 | ||
| Operating income | $4,912 | $6,245 | ||
| Income from continuing operations | ||||
| EBIT | $6,057 | $5,585 | ||
| Income tax expense | $1,391 | $1,070 | ||
| Interest expense | $694 | $689 | ||
| Net income | ||||
| Net income | $3,972 | $3,826 | ||
| Income (for common shares) | $3,972 | $3,826 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $879 | $900 | |||
| Operating activities | |||||
| Depreciation | $1,072 | $1,040 | |||
| Business acquisitions & disposals | $32 | $50 | |||
| Stock-based compensation | $34 | $40 | |||
| Total cash flows from operations | $1,610 | $1,774 | |||
| Investing activities | |||||
| Capital expenditures | -$1,379 | -$1,305 | |||
| Investments | -$11 | -$73 | |||
| Total cash flows from investing | -$1,358 | -$1,328 | |||
| Financing activities | |||||
| Dividends paid | -$314 | -$317 | |||
| Sale and purchase of stock | -$946 | -$446 | |||
| Net borrowings | -$49 | -$28 | |||
| Total cash flows from financing | -$1,316 | -$791 | |||
| Effect of exchange rate | -$21 | $19 | |||
| Change in cash and equivalents | -$1,085 | -$326 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $3,972 | $3,826 | ||
| Operating activities | ||||
| Depreciation | $4,176 | $3,970 | ||
| Business acquisitions & disposals | $84 | $94 | ||
| Stock-based compensation | $182 | $190 | ||
| Total cash flows from operations | $8,848 | $9,832 | ||
| Investing activities | ||||
| Capital expenditures | -$6,174 | -$6,763 | ||
| Investments | -$84 | -$147 | ||
| Total cash flows from investing | -$6,174 | -$6,816 | ||
| Financing activities | ||||
| Dividends paid | -$1,177 | -$793 | ||
| Sale and purchase of stock | -$1,269 | -$2,064 | ||
| Net borrowings | -$152 | -$161 | ||
| Total cash flows from financing | -$2,597 | -$3,019 | ||
| Effect of exchange rate | -$118 | -$187 | ||
| Change in cash and equivalents | -$41 | -$190 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Franklin Resources Inc |
+1,919.32%
|
3,107,881 | $900,473,982 |
| 2024 Q1 | Fmr |
+39.09%
|
4,377,809 | $1,268,426,279 |
| 2024 Q1 | Lazard Asset Management |
-95.76%
|
54,057 | $15,661 |
| 2024 Q1 | Jpmorgan Chase & Co |
+24.05%
|
4,781,649 | $1,385,435,350 |
| 2024 Q1 | Voya Investment Management |
-63.31%
|
526,064 | $152,421,787 |
| 2024 Q1 | Arrowstreet Capital, Limited Partnership |
-94.34%
|
42,001 | $12,169 |
| 2024 Q1 | Mawer Investment Management |
+43.50%
|
2,258,579 | $654,400,680 |
| 2024 Q1 | Dz Bank Ag Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main |
-75.64%
|
212,752 | $61,645,133 |
| 2024 Q1 | Focused Investors Fund L P |
Opened
|
522,600 | $151,418,124 |
| 2024 Q1 | Clarkston Capital Partners |
Opened
|
404,116 | $117,088,631 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Vanguard Group Inc | 7.61% | 18,729,110 | |
| Blackrock | 6.16% | 15,147,209 | |
| Dodge & Cox | 5.49% | 13,520,438 | |
| Primecap Management Co/ca/ | 5.31% | 13,077,757 | |
| State Street Corp | 3.81% | 9,385,974 | |
| Capital International Investors | 2.35% | 5,786,568 | |
| Jpmorgan Chase & Co | 1.94% | 4,781,649 | |
| Geode Capital Management | 1.80% | 4,421,213 | |
| Fmr | 1.78% | 4,377,809 | |
| Morgan Stanley | 1.31% | 3,223,134 |
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