FedEx Corp. Reports Fourth Quarter and Full-Year Earnings
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FedEx (FDX) PT Lowered to $180 at Citi
June 26, 2019 5:52 AM EDTCiti analyst Christian Wetherbee lowered the price target on FedEx (NYSE: FDX) to $180.00 (from $192.00) while maintaining a Buy rating following results.
Not Terrible...Not Good, but Not Terrible... MoreFedEx (FDX) Tops Q4 EPS by 8c, Offers FY20 Outlook
June 25, 2019 4:06 PM EDTFedEx (NYSE: FDX) reported Q4 EPS of $5.01, $0.08 better than the analyst estimate of $4.93. Revenue for the quarter came in at $17.8 billion versus the consensus estimate of $17.88 billion.
Outlook
During fiscal 2020, operating income at FedEx Ground and FedEx Freight is expected to increase due to higher revenues. At FedEx Express, macroeconomic weakness and trade uncertainty, continued mix shift to lower-yielding services and a strategic decision to not renew a customer contract will negatively impact operating income.
FedEx is unable to forecast the fiscal 2020 year-end MTM retirement plan accounting adjustment. As a... More
