FedEx misses on earnings, but sees higher margins ahead

Sell-Side Expectations For Fed Ex Getting More Upbeat As Q3 Release Approaches

FedEx Express, the company's airline unit, reported fiscal third-quarter revenue of $6.8 billion, a 3.4% increase over $6.6 billion in 3Q FY2016.

Baird has an Outperform rating and raised price target to $222 from $209. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. JPMorgan Chase & Co. set a $230.00 target price on FedEx and gave the company a "buy" rating in a research note on Wednesday, December 28th.

The company hired more than 50,000 seasonal workers to meet the recent holiday season rush. The consensus price target of $210.73 also implies significant upside from the current price of $195.92. 1,734,301 shares of the company were exchanged. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 28.01. Based on a recent bid, the stock is trading -8.72% away from it's 52- week high and 96.47% away from its 52 week low.

FedEx Corporation (NYSE:FDX) late Tuesday reiterated its 2017 outlook, but its much lower than expected third quarter earnings results sent shares plunging up to 4% in aftermarket trading.

Most recently, FedEx Corporation (NYSE:FDX) posted actual earnings of $2.8 per share against the $2.91 Zacks consensus estimate. The estimated EPS for the current quarter is said to be $2.64. The FedEx Express segment offers a range of the United States domestic and global shipping services for delivery of packages and freight. The company's capital expenditures as a percentage of revenue were 8.5%, 100 basis points lower than previous year. Analysts had expected $2.62 per share.

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Wall Street estimated full-year earnings of $11.99 a share for the fiscal year ending May 31.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.60 dividend on an annualized basis and a yield of 0.82%. FedEx's payout ratio is presently 23.46%.

In other FedEx news, EVP Robert B. Carter sold 34,580 shares of FedEx stock in a transaction dated Wednesday, January 25th. During the last trade, stock's minimum price has been reached out at $191.68 while the maximum trading price moved at $193.86.

On 9/28/2016 David J Bronczek, CEO, sold 32,669 with an average share price of $176.30 per share and the total transaction amounting to $5,759,544.70. Following the sale, the chief executive officer now owns 83,716 shares of the company's stock, valued at approximately $16,080,169.28. Perhaps, that suggests something about why 6.32% of the outstanding share supply is held by institutional investors. Finally, Quadrant Capital Group LLC increased its stake in shares of FedEx by 1.2% in the third quarter.

If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Coconut Grove Bank increased its stake in shares of FedEx by 2.2% in the third quarter. Brick & Kyle Associates now owns 664 shares of the shipping service provider's stock worth $116,000 after buying an additional 14 shares during the period. Advisory Services Network LLC increased its stake in shares of FedEx by 95.8% in the third quarter.

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