FedEx (FDX) PT Lowered to $225 at UBS on 1Q Miss; 'TNT Issues + Soft Ground Margin Drive Downside 1Q & Lower F18 Guide'
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FedEx (FDX) PT Raised to $260 at Loop Capital, Street High
September 20, 2017 9:00 AM EDTLoop Capital raised its price target on FedEx (NYSE: FDX) to $260.00 (from $250.00) while maintaining a Buy rating.
... MoreFedEx (FDX) PT Raised to $221 at Stifel Following 1Q Report
September 20, 2017 7:18 AM EDTStifel raised its price target on FedEx (NYSE: FDX) to $221.00 (from $216.00) while maintaining a Hold rating following the company's 1Q earnings report. FDX reported EPS of $2.19, vs the Street consensus of $3.09. Management lowered guidance from $13.20-$14.00 to $12.00- $12.80, almost entirely due to... More
Cyber attack, hurricane weigh on FedEx quarterly profit
September 19, 2017 4:26 PM EDTBy Eric M. Johnson
(Reuters) - Package delivery company FedEx Corp (NYSE: FDX) said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its quarterly profit, and the company lowered its full-year earnings forecast.
The company said the cyber attack slashed 79 cents per share from its profit - nearly 40 times the 2 cents per share caused by deadly Hurricane Harvey, which brought catastrophic flooding to southeastern Texas.
FedEx joins a string of companies that reported big drops in earnings due to the NotPetya virus, which hit on June 29,... More
FedEx (FDX) Misses Q1 EPS by 58c, Cuts FY Guidance
September 19, 2017 4:15 PM EDT(Updated - September 19, 2017 4:20 PM EDT)
FedEx (NYSE: FDX) reported Q1 EPS of $2.51, $0.58 worse than the analyst estimate of $3.09. Revenue for the quarter came in at $15.3 billion versus the consensus estimate of $15.35 billion.
Outlook
FedEx is unable to forecast the fiscal 2018 year-end mark-to-market (MTM) pension... More
FedEx to raise shipping rates for some services
September 18, 2017 5:06 PM EDT(Reuters) - Package delivery company FedEx Corp (NYSE: FDX) said on Monday it would raise shipping rates for some of its services from Jan. 1.
FedEx Express rates will go up by an average of 4.9 percent for U.S. domestic, export and import... More
FedEx (FDX) to Increase Shipping Rates
September 18, 2017 4:34 PM EDTFedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp. (NYSE: FDX), will increase shipping rates effective January 1, 2018.
FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services. FedEx One Rate pricing will increase by an average... More
