FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2021, this segment had approximately 29,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office function services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and an array of document and business services, and retail access to its customers for its package transportation businesses. The company was founded in 1971 and is based in Memphis, Tennessee.
IPO Year:
Exchange: NYSE
Website: fedex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $301.00 | Buy | Citigroup |
| 9/20/2024 | $300.00 | Buy → Hold | HSBC Securities |
| 9/20/2024 | $334.00 → $328.00 | Buy | TD Cowen |
| 9/20/2024 | $215.00 → $200.00 | Equal-Weight → Underweight | Morgan Stanley |
| 8/22/2024 | Buy | TD Cowen | |
| 6/26/2024 | $320.00 → $335.00 | Buy | TD Cowen |
| 6/26/2024 | $296.00 → $359.00 | Neutral → Overweight | JP Morgan |
| 6/7/2024 | $275.00 | Equal Weight | Wells Fargo |
| 3/27/2024 | $250.00 | Neutral → Underperform | Exane BNP Paribas |
| 3/22/2024 | $293.00 → $320.00 | Outperform | TD Cowen |
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Citigroup initiated coverage of FedEx with a rating of Buy and set a new price target of $301.00
HSBC Securities downgraded FedEx from Buy to Hold and set a new price target of $300.00
TD Cowen reiterated coverage of FedEx with a rating of Buy and set a new price target of $328.00 from $334.00 previously
Morgan Stanley downgraded FedEx from Equal-Weight to Underweight and set a new price target of $200.00 from $215.00 previously
TD Cowen resumed coverage of FedEx with a rating of Buy
TD Cowen reiterated coverage of FedEx with a rating of Buy and set a new price target of $335.00 from $320.00 previously
JP Morgan upgraded FedEx from Neutral to Overweight and set a new price target of $359.00 from $296.00 previously
Wells Fargo initiated coverage of FedEx with a rating of Equal Weight and set a new price target of $275.00
Exane BNP Paribas downgraded FedEx from Neutral to Underperform and set a new price target of $250.00
TD Cowen reiterated coverage of FedEx with a rating of Outperform and set a new price target of $320.00 from $293.00 previously
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable January 3, 2025 to stockholders of record at the close of business on December 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, Fe
FedEx Seamlessly Transitioned to One FedEx at the Start of Fiscal 2025 $1 Billion Share Repurchase Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Range Narrowed FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.6 billion $21.6 billion $21.7 billion $21.7 billion Operating income $1.08 billion $1.21 billion $1.49 billion
CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that FedEx (NYSE:FDX) has issued a purchase order for 15 W56 step vans to be delivered in 2024. This milestone order follows a successful demonstration in which the Workhorse W56 step van met FedEx operation duty cycle requirements. The addition of these 15 W56 step vans will support the FedEx goal to achieve carbon neutral global operations by 2040—underscoring the company's phased approach to replacing older vehicle technologies with new, zero tailpipe-e
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable October 1, 2024 to stockholders of record at the close of business on September 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, F
Introduces Fiscal 2025 Outlook, Including $2.2 Billion of DRIVE Cost Savings Conducting an Assessment of the Role of FedEx Freight in Value-Creation Plans Returned $3.8 Billion to Stockholders Through Stock Repurchases and Dividends During Fiscal 2024 FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.1 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or $0.48 per share, to $5.52 per share for fiscal 2025 in line with the company's continued focus on delivering stockholder value. The Board today also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9, 2024 to stockholders of record at the close of business on June 24, 2024. "We remain committed to creating value for our stockholders," said John W. Dietrich, executive vice president and chief financial officer of FedEx Corp. "This dividend increase is an important component of our discip
TROY, Mich., May 22, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced FedEx Corporation (NYSE:FDX) as its "Stock to Study" and Gap, Inc. (NYSE:GPS) as its "Undervalued Stock" in the August 2024 issue for investors' informational and educational use. "For those who want to learn more about the fundamentals of FedEx or The Gap or thousands of other stocks like Apple, Nvidia and Tesla, there is no better tool than the Stock Selection Guide. Millionaires across the US utilize the Stock Selection Guide in order to determine if a given stock is selling at a reasonable price. Hundreds attended the annual BetterInvesting Nationa
12th annual program receives 3,900 applications FedEx Corp. (NYSE:FDX) unveiled the recipients of the 12th annual FedEx Small Business Grants Program. Ten U.S.-based businesses were chosen this year out of over 3,900 applications. Grand Prize Recipient: $50,000 Bombi (Greenville, RI) Nine Additional Recipients: $20,000 each Better Boba (Portland, OR) Bundle x Joy (Phoenix, AZ) Erie Cotton (Erie, PA) Jasper Yeast (Sterling, VA) Locsanity (Coral Springs, FL) Madhu Chocolate (Austin, TX) Marky Sparky Toys (Vista, CA) Tandem Drums (Novato, CA) YALA (Ashland, OR) "At FedEx, we are dedicated to empowering our small and medium-sized business owners and e
Operating Income Up 19% Year Over Year; Up 16% on an Adjusted Basis Reduces Capital Spending Forecast Plans Additional $500 Million Share Repurchase in Fourth Quarter Board of Directors Authorizes New $5 Billion Share Repurchase Program Narrows Full-Year Earnings Outlook Range FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the third quarter ended February 29 (adjusted measures exclude the items listed below): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.7 billion
Sriram Krishnasamy Named Chief Digital and Information Officer FedEx Corp. (NYSE:FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years. He will step down from his current roles effective June 30, 2024, and will remain with the company as a senior advisor until December 31, 2024, to help ensure a successful transition. Under his leadership, Carter spearheaded cutting-edge technology that differentiated FedEx in the industry such as real-time tracking and transactions. With the dawn of the internet, he recognized the power behind these tra
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The Chinese government expressed its desire for U.S. firms to play a significant role in its economy after top U.S. executives engaged in a meeting with Chinese officials. What Happened: The delegation, led by FedEx Corporation (NYSE:FDX) CEO Raj Subramaniam, met with Chinese Vice-Premier He Lifeng and Foreign Minister Wang Yi. The visit aimed to gain first-hand insight following the conclusion of China’s third plenum, South China Morning Post reported on Tuesday. The Chinese officials expressed their hope that the U.S.-China Business Council could encourage American firms to seize opportunities in China, leading to mutual cooperation and development. Wang stated that the delegation’s
An earnings report from United Parcel Service (NYSE:UPS) is a key item to watch this week, according to market strategist Jay Woods, who spoke to Benzinga about the multiple companies reporting earnings. What Happened: Several large-cap companies will report earnings for the week, including two members of the Magnificent Seven (Alphabet, Tesla). Freedom Capital Markets Chief Global Strategist Woods highlighted Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Tesla Inc as two of the biggest stocks to watch and the companies everyone will be talking about. For an under-the-radar earnings report investors should be watching, Woods named UPS. "UPS will give us a little more pulse on wha
- Reuters
- Reuters
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CHPT CALL SWEEP BEARISH 07/26/24 $2.00 $31.3K 19.0K 60.1K SAVE PUT SWEEP BEARISH 06/20/25 $1.50 $74.0
FedEx Corp. (NYSE:FDX) shares are trading lower after the company experienced disruptions across its networks due to a global IT outage caused by a software vendor on Friday. This widespread tech outage has affected multiple industries, including airlines, broadcasters, banking, and healthcare, creating substantial operational challenges. It remains unclear if FedEx's network disruptions are linked to the outages at Microsoft Corp (NASDAQ:MSFT) and cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD), reported Reuters. Related: Windows PCs Crash Worldwide With Users Experiencing Blue Screen Of Death Issue, CrowdStrike Confirms Defect: ‘Fix Has Been Deployed’ (UPDATED) FedEx
- Reuters
- Bloomberg
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5
Additional organizational changes implemented to support ongoing transformation FedEx Corp. (NYSE:FDX) today announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023. The company also announced strategic shifts within the Finance organization to further bolster its ongoing transformation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230717986580/en/(Photo: Business Wire) As previously announced, Executive Vice President and Chief Financial Officer Michael C. Lenz will transition out of his role o
MIAMI, March 20, 2023 /PRNewswire/ -- Today, Royal Caribbean Group (NYSE:RCL) announced the appointment of Rebecca Yeung, corporate vice president, operations science and advanced technology at FedEx Corporation (NYSE:FDX), to its Board of Directors, effective March 15, 2023. "Ms. Yeung brings a valuable combination of skills to our board, as she is well-versed in technology, digitization and business strategy," said Richard D. Fain, Chairman of the Board, Royal Caribbean Group. "We're excited to welcome Rebecca Yeung to the Board of Directors as we continue to deliver the wor
Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced the appointment of Rebecca Yeung, Corporate VP, Operations Science & Advanced Technology, FedEx Corporation (NYSE:FDX) to its Board of Directors, effective January 9, 2023. The addition of Ms. Yeung as an independent director brings Columbus McKinnon's Board to eleven directors of which ten are independent. Ms. Yeung will serve on the Corporate Governance and Nominations Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230109005834/en/Columbus McKinnon Appoints
Increases Quarterly Dividend by More Than 50 Percent Adds Total Shareholder Return Performance Metric to Executive Compensation Program Appoints Amy B. Lane and V. James Vena to Board of Directors FedEx Corporation (NYSE:FDX) today announced a series of long-planned business and corporate governance actions consistent with the Company's efforts to drive long-term value creation for all stakeholders. Raj Subramaniam, FedEx Corp. President and Chief Executive Officer, said, "Through decades of investments, innovation, and expertise, we have built a global portfolio that serves as the foundation of our competitive advantage. Our focus is to build on this foundation and continue creatin
Winton to succeed Judy Edge, spearheading talent development and workforce strategy FedEx Corp. (NYSE:FDX) today announced Chris Winton as the company's next corporate vice president, human resources, succeeding Judy Edge. Winton will serve as corporate vice president, human resources – elect until he assumes Edge's full responsibilities on May 1, 2022. To ensure a seamless transition, Edge will serve as an executive advisor until her official retirement on July 31, 2022. "Starting as an intern and rising to the highest position in Human Resources, Chris is an example of how we invest in our talent at FedEx," said Frederick W. Smith, chairman and chief executive officer, FedEx Corp. "Dur
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable January 3, 2025 to stockholders of record at the close of business on December 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, Fe
FedEx Seamlessly Transitioned to One FedEx at the Start of Fiscal 2025 $1 Billion Share Repurchase Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Range Narrowed FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.6 billion $21.6 billion $21.7 billion $21.7 billion Operating income $1.08 billion $1.21 billion $1.49 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable October 1, 2024 to stockholders of record at the close of business on September 9, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, F
Introduces Fiscal 2025 Outlook, Including $2.2 Billion of DRIVE Cost Savings Conducting an Assessment of the Role of FedEx Freight in Value-Creation Plans Returned $3.8 Billion to Stockholders Through Stock Repurchases and Dividends During Fiscal 2024 FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.1 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or $0.48 per share, to $5.52 per share for fiscal 2025 in line with the company's continued focus on delivering stockholder value. The Board today also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9, 2024 to stockholders of record at the close of business on June 24, 2024. "We remain committed to creating value for our stockholders," said John W. Dietrich, executive vice president and chief financial officer of FedEx Corp. "This dividend increase is an important component of our discip
Operating Income Up 19% Year Over Year; Up 16% on an Adjusted Basis Reduces Capital Spending Forecast Plans Additional $500 Million Share Repurchase in Fourth Quarter Board of Directors Authorizes New $5 Billion Share Repurchase Program Narrows Full-Year Earnings Outlook Range FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the third quarter ended February 29 (adjusted measures exclude the items listed below): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.7 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable April 1, 2024 to stockholders of record at the close of business on March 11, 2024. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx. Consistently ranked among the
Updates Full-Year Fiscal 2024 Earnings Outlook and Confirms Full-Year Fiscal 2024 Adjusted Earnings Outlook FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.2 billion $22.2 billion $22.8 billion $22.8 billion Operating income $1.28 billion $1.42 billion
The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company's continued focus on delivering stockholder value. The dividend is payable January 2, 2024 to stockholders of record at the close of business on December 11, 2023. FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of nearly $90 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx. Consistently ranke
Updates Full-Year Fiscal 2024 Earnings Outlook and Increases Full-Year Fiscal 2024 Adjusted Earnings Outlook FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.7 billion $21.7 billion $23.2 billion $23.2 billion Operating income $1.49 billion