Barclays analyst Brandon Oglenski maintains FedEx (NYSE:FDX) with a Overweight and raises the price target from $240 to $280.
Barclays Maintains Overweight on FedEx (NYSE:FDX), Raises Price Target to $280 Read Post »
Wells Fargo Adjusts FedEx (NYSE:FDX) Price Target to $240 From $225, Keeps Equal-weight Rating
Wells Fargo Adjusts FedEx (NYSE:FDX) Price Target to $240 From $225 Read Post »
Bank of America Securities Raises Price Target on FedEx (NYSE:FDX) to $305 From $233 Amidst Cost-Cutting Plan, Maintains Buy Rating.
Bank of America Securities Raises Price Target on FedEx (NYSE:FDX) to $305 From $233 Read Post »
JPMorgan Chase & Co. Increases FedEx (NYSE:FDX) Price Target to $233.00 from $199.00.
JPMorgan Chase & Co. Increases FedEx (NYSE:FDX) Price Target to $233.00 Read Post »
FedEx (NYSE:FDX) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $14.60-$15.20 for the period, compared to the consensus estimate of $13.56. The company issued revenue guidance of FedEx also updated its FY23 guidance to $13.80-14.40 EPS.
FedEx (NYSE:FDX) Issues FY 2023 Earnings Guidance Read Post »
March 16, 2023 — FedEx(NYSE:FDX) today reported the following consolidated results for the third quarter ended February 28 (adjusted measures exclude the items listed below for the applicable fiscal year): Key Quotes: FedEx(NYSE:FDX) reported fiscal Q3 adjusted net income of $3.41 per diluted share, down from $4.59 a year earlier. Analysts polled by Capital IQ forecast $2.74. Revenue for the quarter ended Feb. 28 was $22.2 billion, down from $23.6 billion a year earlier. Analysts surveyed by Capital IQ projected $22.74 billion. The delivery company said it now expects fiscal 2023 adjusted EPS of $13.80 to $14.40 before the mark-to-market retirement plans accounting adjustments. It guided at $12.50 to $13.50 previously. Additionally, the company said it continues to expect fiscal 2023 capital spending of $5.9 billion. FedEx Express operating results declined due to lower global volumes, partially offset by a 3% increase in revenue per package. Outlook FedEx is increasing
American Express (NYSE:AXP): As of the end of February 2023, 30-day overdue loans to total loans for credit card members in the United States were 1.1, compared to 1.0 at the end of January. American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics
CEO of Caterpillar (NYSE:CAT): The U.S. non-residential real estate market is improving and construction activity is strong; The Company’s sales and profit position is expected to improve year-on-year. There are still some practical challenges in the supply chain; Chip supply has yet to return to pre-pandemic levels.
3M(NYSE:MMM) Raises Quarterly Dividend From $1.49/Share To $1.50/Share.
3M(NYSE:MMM) Raises Quarterly Dividend From $1.49/Share To $1.50/Share Read Post »
Ahead of Thursday’s investor meeting, General Electric (NYSE:GE) reiterated its guidance for fiscal 2023, including high-single-digit organic revenue growth, adjusted earnings per share in the range of $1.60 to $2.00, above market expectations of $1.95, and free cash flow of $3.4 billion to $4.2 billion. The company also reiterated that GE Aerospace saw median revenue growth of 10%, operating profit of $5.3 billion to $5.7 billion, and year-over-year free cash flow growth.
American Express (NYSE:AXP): Board of Directors approved a quarterly dividend increase of $0.08 (15%) to $0.60 per share
American Express (NYSE: AXP): The Board of Directors approved the repurchase of up to 120 million shares of common stock under the Company’s capital plan.The new share repurchase authorization will replace the approximately 36 million remaining shares of common stock authorized by the Board of Directors in 2019.