FedEx Corporation(NYSE:FDX) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $14.997B. Analysts estimated a revenue of $15.000B. The revenues were -0.02% below the estimates. Earnings per share were $2.35. The reported EPS was below estimates by -10.31%. Analysts had estimated an EPS of $2.62.
In a different note, On Mar 6, 2017, BMO Capital said it Upgrades its rating on FedEx Corporation. The shares have been rated ‘Outperform’ by the firm. On Feb 6, 2017, Raymond James said it Upgrades its rating on FedEx Corporation. The shares have been rated ‘Outperform’ by the firm. Aegis Capital said it Initiates Coverage On FedEx Corporation, according to a research note issued on Dec 23, 2016. In the research note, the firm Announces the price-target to $215 per share. The shares have been rated ‘Buy’ by the firm.
FedEx Corporation (FDX) shares turned negative on Fridays trading session with the shares closing down -1.07 points or -0.57% at a volume of 28,62,327. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $190.31. The peak price level was also seen at $190.31 while the days lowest was $187.23. Finally the shares closed at $188.12. The 52-week high of the shares is $201.57 while the 52-week low is $145. According to the latest information available, the market cap of the company is $50,299 M.
Several Insider Transactions has been reported to the SEC. On Jan 26, 2017, Robert B Carter (EVP Chief Info Officer) sold 34,580 shares at $191.22 per share price.Also, On Dec 23, 2016, David J Bronczek (President/CEO/FedEx Express) sold 36,529 shares at $192.04 per share price.On Nov 9, 2016, John L Merino (CVP PRIN ACCT OFFICER) sold 10,280 shares at $181.72 per share price, according to the Form-4 filing with the securities and exchange commission.
FedEx Corporation (FedEx) provides a portfolio of transportation e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express FedEx Ground FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales marketing information technology communications customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation FedEx Trade Networks Inc. FedEx Ground Package System Inc. FedEx SmartPost Inc. FedEx Corporate Services Inc. and GENCO Distribution System Inc. among others.