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FedEx Corporation (FDX)

  • Tue, Apr. 7, 7:59 AM
    • Shares of FedEx (NYSE:FDX) shoot higher in early trading after the company announces it will buy TNT Express.
    • An acquisition by FedEx of TNT has been the subject of speculation for a long time due to the synergies that are expected to be churned up. A strong U.S. dollar may have been the impetus to get FedEx to pull the trigger.
    • Analysts estimate a combined FedEx-TNT will command market share of 17% in Europe vs. 19% for DHL and 16% for UPS. Most are calling the acquisition a positive move by FedEx.
    • Previously: FedEx to buy TNT Express for €4.4B
    • TNT Express (OTCPK:TNTEF, OTCPK:TNTEY) is +30.5% in Euronext trading.
    • FDX +4.8% premarket in the U.S.
    | 1 Comment
  • Wed, Mar. 18, 7:32 AM
    • FedEx (NYSE:FDX): FQ3 EPS of $2.01 beats by $0.14.
    • Revenue of $11.7B (+3.5% Y/Y) misses by $90M.
    • Shares +2.15% PM.
    • Press Release
    | Comment!
  • Mon, Mar. 16, 12:31 PM
    • FedEx (FDX +2.1%), UPS (UPS +1.6%), and Deutsche Post ADRs (OTCPK:DPSGY +1.9%) are all ahead of market averages today with oil prices in decline again.
    • Oppenheimer also made some positive comments on pricing in the sector as it backed an Outperform rating on FedEx.
    • The price target on FDX from Oppy sits at $200.
    • UPS has had a tougher time this year than FDX with shares -10% YTD as operational complexities have kept profit expectations reined in. Across the pond, Deutsche Post is -3.5% YTD.
    | Comment!
  • Fri, Feb. 27, 8:26 AM
    • FedEx (NYSE:FDX) is upgraded by Credit Suisse to an Outperform rating from Neutral.
    • The investment firm increases its price target on the stock to $203.
    • A shift in mix of more business for FedEx's U.S. Ground Network will be a boost to margins, reasons CS.
    • FDX +1.08% premarket to $176.49.
    | Comment!
  • Fri, Jan. 23, 9:10 AM
    • Shares of FedEx (NYSE:FDX) slide in early trading after UPS cuts guidance.
    • A weaker-than-expected performance by UPS in the U.S. domestic segment is a particular concern for FDX investors
    • FDX -2.15% premarket.
  • Dec. 18, 2014, 11:00 AM
    • Goldman Sach makes a giant call on FedEx (FDX +2.1%) following the company's FQ2 earnings miss.
    • Shares are taken to a Buy rating and lopped onto the Conviction List maintained at the investment firm.
    • FedEx is one of the most compelling names in the transportation sector due to the potential for margin expansion, says GS.
    • The impact of e-commerce is seen as a positive long-term factor with the the higher-margin Ground segment set to be a bigger contributor the the mix.
    | Comment!
  • Dec. 17, 2014, 7:42 AM
    • FedEx (NYSE:FDX) reports a 3% revenue gain in its Express segment during FQ2.
    • U.S. package volume was up 7% during the period.
    • Revenue in the Ground segment rose 8% to $3.06B, although higher network expansion costs clipped the bottom line.
    • The Freight segment saw an 11% increase in revenue to $1.59B and 35% pop in operating income to $112M.
    • Company-wide operating margin +120 bps to 8.5% on gains from higher volume.
    • Share repurchases made by the company during FQ2 added $0.16 to EPS.
    • Guidance: FedEx backs its previous outlook for FY15 EPS of $8.50-$9.00. A "modest" benefit from fuel prices is anticipated.
    • FDX -2.7% premarket.
    | 1 Comment
  • Nov. 28, 2014, 10:11 AM
    • UPS (UPS +3.3%) and FedEx (FDX +2.5%) post strong gains on the developments from the oil sector.
    • The shipping companies may also be seeing a lift from the strong reads from Target and Wal-Mart on e-commerce sales.
    | 1 Comment
  • Sep. 17, 2014, 7:43 AM
    • FedEx (NYSE:FDX) reports U.S. domestic package volume rose 5% Y/Y during FQ1 in its Express segment.
    • Ground segment daily volume was up 6%.
    • Operating margin +130 bps to 8.5%, led by a 330 bps jump in Freight segment operating margin.
    • Guidance: A prior view for FY15 EPS of $8.50-$9.00 is reaffirmed. Capital spending for the fiscal year of $4.2B is expected.
    • FDX +2.0% premarket
    | Comment!
  • Mar. 19, 2014, 8:25 AM
    • There's a word of warning out from some retail analysts on FedEx (FDX) after the shipping company reported on its FQ3 results.
    • Though the weather impacted the company's costs during the period, stronger growth for ground volume (+8%) as compared to express (flat) shows that an ongoing customer trade-down in services seems to be an underlying factor in the industry.
    • If the customer trade-down persists, UPS might feel a profit pinch as well.
    • Premarket: FDX -0.6%, UPS -0.3%.
  • Jan. 17, 2014, 9:15 AM
    • The warning from UPS (UPS) this morning is a double-edged sword with Q4 EPS cut due to transitory higher costs from temporary workers, but the outlook for 2014 factoring in more underlying demand factors. UPS stayed within its long-term profit growth targets, but missed analyst expectations.
    • Shares of FedEx (FDX) are lower in early trading after the UPS guidance cut.
    • Though there's plenty of speculation that the UPS Q4 miss, due in part to a surge in late online orders, could be a signal that Amazon's (AMZN) delivery traffic exceeded expectations - investors aren't betting the house on that premise just yet.
    • Premarket: UPS -2.9%, FDX -1.3%, AMZN -0.1%.
    | 1 Comment
  • Jan. 6, 2014, 9:19 AM
    • FedEx (FDX) plans to offer $2B in new notes and accelerate its buyback program.
    • PR
    • FDX +1.9% premarket
    | Comment!
  • Dec. 18, 2013, 8:31 AM
    • FedEx (FDX) regains a good chunk its early loss and trades only 0.1% lower premarket following a profit miss with its FQ2 report.
    • A key point from FedEx's quarter was that margins in the Express segment held up well, notes Hedgeye.
    • No panic from UPS (UPS) investors over the miss at FedEx, shares trade flat premarket.
    | Comment!
  • Dec. 18, 2013, 7:49 AM
    • FedEx (FDX) reports FQ2 results which disappointed on the bottom line, but appeared strong on a year-over-year comparison as it bumped against a comparable quarter from last year which included the impact from Hurricane Sandy on the company's level of activity. A late Thanksgiving could have played a factor in the softer-than-expected results from FDX (h/t Hedgeye).
    • Segment revenue: Express fell to $6.84B; Ground +10% to $2.85B.
    • Operating margin rose 60 bps Y/Y to 7.3%, but fell short of analyst estimates.
    • Revenue per package showed modest gains for both the Express and Ground segment.
    • The company lifts its outlook on full-year EPS growth to 8%-14% growth from prior guidance for a  7%-13% lift. (PR)
    • FDX -2.2% premarket.
    | Comment!
  • Nov. 12, 2013, 11:42 AM
    • Shares of FedEx (FDX +2.1%) shake off a Cowen downgrade to trade notably higher.
    • Helping the cause looks to be Dan Loeb, who disclosed a position in the company and made some positive comments about CEO Fred Smith in an interview with Andrew Ross Sorkin today.
    | 1 Comment
  • Oct. 22, 2013, 10:15 AM
    • FedEx (FDX +3.3%) is upgraded by JPMorgan to an Overweight rating from Neutral.
    • The price target of $153 set by the firm appears to be a high on the Street,
    | 1 Comment
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Company Description
FedEx Corp provides a portfolio of transportation, e-commerce and business services. It operates in four business: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.