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 |
|---|---|---|---|
| 12/20/2024 | $328.00 → $337.00 | Buy | TD Cowen |
| 12/20/2024 | $288.00 → $365.00 | Hold → Buy | Loop Capital |
| 12/3/2024 | $337.00 → $316.00 | Outperform → Mkt Perform | Bernstein |
| 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 |
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FedEx Corp. (NYSE:FDX) ("FedEx") announced today the commencement of offers to exchange any and all of its outstanding senior notes of the series listed in the table below (the "Existing Notes") for new notes to be issued by FedEx (the "New Notes"). As previously disclosed, FedEx has announced that its Board of Directors has decided to pursue a full separation of its FedEx Freight business through the capital markets, creating a new publicly traded company. The Exchange Offers and Consent Solicitations (each as defined herein) are being made in connection with the contemplated Separation (as defined herein). The Separation is not conditioned upon the completion of any of the Exchange Offers
$1 Billion Share Repurchases Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Revised FedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.0 billion $22.0 billion $22.2 billion
Unlocks significant value for FedEx stockholders through creation of a new publicly listed less-than-truckload (LTL) industry leader Preserves commercial and operational synergies between both companies Proposed separation enables greater strategic, operational, and financial execution for each company and its stakeholders FedEx Corp. (NYSE:FDX) today announced that its Board of Directors has concluded a comprehensive assessment of the role of FedEx Freight as part of its portfolio and has decided to pursue a full separation of FedEx Freight through the capital markets, creating a new publicly traded company. The separation is expected to be achieved in a tax-efficient manner fo
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
$1 Billion Share Repurchases Completed During Quarter Full-Year Fiscal 2025 Earnings Outlook Revised FedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company FedEx Corp. (NYSE:FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $22.0 billion $22.0 billion $22.2 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 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
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
TD Cowen reiterated coverage of FedEx with a rating of Buy and set a new price target of $337.00 from $328.00 previously
Loop Capital upgraded FedEx from Hold to Buy and set a new price target of $365.00 from $288.00 previously
Bernstein downgraded FedEx from Outperform to Mkt Perform and set a new price target of $316.00 from $337.00 previously
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