FedEx (FDX) Climbs with Q3 Conference Call Underway
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March 22, 2017 9:33 AM EDT
Stifel raised its price target on FedEx (NYSE: FDX) to $194.00 (from $189.00) while maintaining a Hold rating.
Analyst David Ross commented, "FedEx reported F3Q17 EPS of $2.35, short of our $2.56 estimate and the Street consensus estimate of $2.62. The company cited a significant... More
March 22, 2017 9:17 AM EDT
Oppenheimer raised its price target on FedEx (NYSE: FDX) to $218.00 (from $214.00) while maintaining a Outperform rating. FedEx maintained FY17 adjusted EPS guidance of $11.85-12.35.
Analyst Scott Schneeberger commented, "F3Q17 (February-ending) adj'd EPS of $2.35 (-6% y/y) was below our estimate/ consensus of $2.55/$2.62,... More
March 22, 2017 6:38 AM EDT
Deutsche Bank raised its price target on FedEx (NYSE: FDX) to $210.00 (from $209.00) while maintaining a Buy rating, saying while note perfect the Q3 report reinforced their positive thesis.
Analyst Amit Mehrotra commented, "FDX's fiscal 3Q release and call, while not perfect, provided... More
March 21, 2017 4:16 PM EDT
(Updated - March 21, 2017 4:19 PM EDT)
FedEx (NYSE: FDX) reported Q3 EPS of $2.35, $0.27 worse than the analyst estimate of $2.62. Revenue for the quarter came in at $15 billion versus the consensus estimate of $14.99 billion.
Outlook
FedEx is unable to forecast the fiscal 2017 year-end mark-to-market (MTM) pension accounting adjustments. As a result, the company is unable... More
