FedEx Corporation (NYSE:FDX) shares fell to a low of $282.0084 before closing at $285.32. Intraday shares traded counted 2.55 million, which was -18.43% lower than its 30-day average trading volume of 2.15M. FDX’s previous close was $287.57 while the outstanding shares total 265.00M. The firm has a beta of 1.26, a 12-month trailing P/E ratio of 25.27, and a growth ratio of 0.83. The stock’s Relative Strength Index (RSI) is 36.15, with weekly volatility at 2.41% and ATR at 6.76. The FDX stock’s 52-week price range has touched low of $129.28 and a $319.90 high. The stock traded lower over the last trading session, losing -0.78% on 06/18/21.
Investors have identified the Integrated Freight & Logistics company FedEx Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $76.30 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FedEx Corporation (FDX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FDX, the company has in raw cash 8.86 billion on their books with 646.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 21.71 billion total, with 13.57 billion as their total liabilities.
FDX were able to record 3.19 billion as free cash flow during the 09/21/2021 quarter of the year, this saw their quarterly net cash flow reduce by 3.98 billion. In cash movements, the company had a total of 7.39 billion as operating cash flow.
Potential earnings growth for FedEx Corporation (FDX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/21/2021 quarter of the year, FedEx Corporation recorded a total of 21.51 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.7% coming in sequential stages and their sales for the 09/21/2021 quarter increasing by 4.4%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.42 billion trying to sell their products during the last quarter, with the result yielding a gross income of 15.09 billion. This allows shareholders to hold on to 265.00M with the recently reported earning now reading 3.37 cents per share. This is a figure that compared to analyst’s prediction for their 09/21/2021 (3.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 20.60 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FDX sounds very interesting.
Is the stock of FDX attractive?
In related news, EVP/Chief Mkt & Comm Officer, Carere Brie sold 4,158 shares of the company’s stock in a transaction that recorded on May 11. The sale was performed at an average price of 303.51, for a total value of 1,261,994. As the sale deal closes, the EVP CHIEF FINANCIAL OFF, Lenz Michael C. now sold 4,700 shares of the company’s stock, valued at 1,485,055. Also, President/CEO FedEx Express, Colleran Donald F sold 13,425 shares of the company’s stock in a deal that was recorded on May 10. The shares were price at an average price of 315.23 per share, with a total market value of 4,231,905. Following this completion of acquisition, the President and CEO/FedEx Ground, Maier Henry J now holds 19,382 shares of the company’s stock, valued at 5,928,760. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.60%.
20 out of 30 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on FedEx Corporation. 0 analysts has assigned a Sell rating on the FDX stock. The 12-month mean consensus price target for the company’s shares has been set at $336.19.