These two dividend growth stocks can level up your portfolio. Investing in dividend growth stocks is one of the most reliable strategies for preserving and growing capital in the stock market. These companies, with their proven track records of consistently increasing shareholder payouts, demonstrate financial strength, competent management, and a competitive edge in their respective industries. Such stocks offer investors a potent combination of steady income and potential for capital appreciation. However ...

FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit. The company’s Freight unit, which is the largest operator in the less-than-truckload (LTL) sector, could bring a windfall to FedEx shareholders if it were spun off as a separate publicly traded company, The Wall Street Journal (WSJ) reported Wednesday (June 26). LTL is a “darling on Wall Street right now” and a spinoff of FedEx Freight could have “a market capitalization of $50 bill ...

Key Takeaways The S&P 500 added 0.2% on Wednesday, June 26, 2024, amid strength in the consumer discretionary sector and renewed momentum for tech stocks. FedEx shares popped higher after the parcel delivery firm posted better-than-expected quarterly results, driven by successful cost-cutting initiatives. Aptive shares dropped after analysts said a new joint venture between Volkswagen and EV maker Rivian could hurt sales of its smart vehicle products. Major U.S. equities indexes edged higher in the midweek ...

FedEx Corporation’s (FDX) fourth-quarter fiscal 2024 earnings per share (EPS) (excluding 53 cents from non-recurring items) of $5.41 beat the Zacks Consensus Estimate of $5.34 and improved 9.5% year over year. Revenues of $22.109 billion fell short of the Zacks Consensus Estimate of $22.115 billion but grew 0.8% from the year-ago quarter’s reported figure. Operating income, on a reported basis, increased 3% to $1.555 billion from the year-ago quarter’s reported number. Operating margin improved to 7.0% from ...

Loading... Loading... Transportation company FedEx Corporation FDX was sized up by analysts after reporting fourth-quarter results that beat estimates. The FedEx Analysts: Goldman Sachs analyst Jordan Alliger had a Buy rating and raised the price target from $316 to $333. Bank of America analyst Ken Hoexter had a Buy rating and raised the price target from $340 to $347. Morgan Stanley analyst Ravi Shanker had an Equal-weight rating and raised the price target from $210 to $215. Oppenheimer analyst Scott Sch ...

viper-zero/iStock Editorial via Getty Images FedEx (NYSE:FDX) reported fourth quarter earnings on the 25th of June, beating analyst expectations on the top and bottom line. In December 2023, I assigned a buy rating to FedEx stock, and while that rating has not resulted in market outperforming returns, the performance figures are slightly disfigured. In this report, I will be discussing the following: FedEx stock price development. Q4 2024 earnings The financial guidance for FY2025 My price target and rating ...

The shares of FedEx Corporation (NYSE:FDX) are trading at nearly three-year highs today after earnings, last seen up 14.2% at $292.78. The shipping firm reported fiscal fourth-quarter adjusted earnings of $5.41 per share on revenue of $22.11 billion, both of which beat Wall Street's estimates, and a 16% drop in capital spending. As a result, FDX is seeing enhanced options activity, with 99,000 calls and 62,000 puts traded so far -- 15 times the volume that's typically seen at this point. Most popular is the ...

After the closing bell on Jun 25, transport bellwether FedEx (FDX) reported robust fourth-quarter fiscal 2024 results. The courier company outpaced earnings estimates and provided a strong earnings forecast for fiscal 2025. Following the results, FDX shares jumped more than 15% in after-market trading on elevated volume. The smooth trading is also expected to be felt in the ETF world, especially for the ones with the highest allocation to FedEx. These include First Trust Nasdaq Transportation ETF (FTXR) , i ...

FedEx Today FDX FedEx $289.65 +33.27 (+12.98%) 52-Week Range $224.69 ▼ $293.50 Dividend Yield 1.91% P/E Ratio 16.70 Price Target $303.88 Add to Watchlist FedEx’s NYSE: FDX focus on efficiency in the face of troubled operating conditions is why this stock can set a fresh high this year. The fiscal Q4 results delivered exactly what the market wanted and more, suggesting momentum is building and guidance is cautious. Takeaways from the report include a pivot back to growth, wider margins, and an expectation fo ...

Sundry Photography Investment Thesis FedEx (NYSE:FDX) stock is up double-digits after reporting better than expected results for the last quarter. I believe the stock is still reasonably priced and it can see further upside from the current levels. The company has good growth prospects ahead and management has given mid-single-digit revenue growth guidance for FY25 (ending May) despite headwinds from a USPS contract loss. This coupled with significant cost-savings from the company’s DRIVE and Network 2.0 in ...