FedEx Corp. Reports Record Fourth Quarter and Full-Year Earnings
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FedEx (FDX) PT Raised to $240 at BofA/Merrill Lynch Following 4Q
June 21, 2017 8:57 AM EDTBofA/Merrill Lynch raised its price target on FedEx (NYSE: FDX) to $240.00 (from $230.00) while maintaining a Buy rating following 4Q report. FedEx reported adjusted EPS of $4.25, up 29% year-over-year, 9% above consensus $3.89 estimate. Revenues were $15.73 billion, up 21% year-year, and $188 million above BofA/Merrill Lynch's target, with... More
FedEx (FDX) Tops Q4 EPS by 37c
June 20, 2017 4:15 PM EDTFedEx (NYSE: FDX) reported Q4 EPS of $4.25, $0.37 better than the analyst estimate of $3.88. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $15.56 billion.
Strong fourth quarter results completed a record fiscal 2017, said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. We enter fiscal 2018 confident FedEx Corp. will continue to deliver outstanding value and opportunities for... More
