FedEx Corp. Reports Fourth Quarter and Full-Year Earnings
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FedEx (FDX) PT Raised to $167 at Cowen Following 4Q
July 1, 2020 9:16 AM EDTCowen analyst Helane Becker raised the price target on FedEx (NYSE: FDX) to $167.00 (from $156.00) while maintaining an Outperform rating following the company's 4Q earnings report. FedEx reported a strong 4QFY20 on better than expected margin performance at Ground. The company is benefiting from ongoing... More
FedEx (FDX) PT Raised to $162 at Baird Following 4Q
July 1, 2020 8:43 AM EDTBaird analyst Benjamin Hartford raised the price target on FedEx (NYSE: FDX) to $162.00 (from $140.00) while maintaining a Outperform rating following the company's 4Q earnings report. Adjusted EPS of $2.53 was above $1.58 consensus estimates. The upside was helped by both Ground and Express segment... More
UPS (UPS) Trades Higher in Sympathy with FedEx (FDX) Following EPS Beat
June 30, 2020 4:06 PM EDTUPS (NYSE: UPS) Trades Higher in Sympathy with FedEx (NYSE: FDX) Following EPS Beat
FDX Up 8.4%, UPS Up 3.5%... MoreFedEx (FDX) Tops Q4 EPS by $1.01, Doesn't Provide Earnings Forecast for FY21
June 30, 2020 4:04 PM EDT(Updated - June 30, 2020 4:04 PM EDT)
FedEx (NYSE: FDX) reported Q4 EPS of $2.53, $1.01 better than the analyst estimate of $1.52. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $16.49 billion.
Though our fiscal fourth quarter performance was severely affected by the COVID-19 pandemic, I am extremely proud of the herculean efforts of our team members, said Frederick W. Smith, FedEx Corp. chairman and CEO. With safety as the first priority, these men and women provided essential transportation of critical supplies across the globe and delivered peak-level e-commerce... More
