jxfzsy I last reported on FedEx (NYSE:FDX) late last March in an iREIT article, where I rated the stock as a hold. Despite rising nearly 15% following this week’s earnings report, the shares are still down single digits since that piece debuted. The latest earnings call provides evidence that FedEx is back on a growth path following several consecutive quarters of lackluster results. Even so, I’ll admit that I find the sudden surge in the share price a bit overdone. FDX is a solid dividend stock and a m ...

Unexpected catalysts are driving the share prices of some previously beaten down stocks sharply higher, presenting a buying opportunity for investors. Surprise earnings beats, new partnerships and takeover rumors are lifting the share prices of several well-known companies that had fallen on hard times.For investors, these catalysts present an opportunity to take a position as the stocks begin to rally off their recent bottoms, riding the share price to big gains. In the current set-up, the potential reward ...

Sundry Photography FedEx (NYSE:FDX) reported its fiscal Q4 ’24 earnings results Tuesday night, June 25th, 2024 after the closing bell, and the stock rose $39, or 15%, yesterday, June 26th, on heavy volume as FedEx disclosed on page 2 of the earnings release that “FedEx Freight has announced plans to further optimize its operations and match capacity with demand through planned permanent closure of 7 freight facilities... (further on in the press release), “FedEx management and the Board of Directors are ...

HAMILTON, ONTARIO - MAY 29: A FedEx truck is displayed prior to the RBC Canadian Open at Hamilton ... [+] Golf & Country Club on May 29, 2024 in Hamilton, Ontario. (Photo by Vaughn Ridley/Getty Images)Getty ImagesFedEx stock (NYSE: FDX) saw a 15% rise on Wednesday, June 26, after it reported Q4’24 results (fiscal ends in May) better than the street estimates. FDX stock is up 17% year-to-date, compared to -12% returns for its peer – UPS stock. FedEx’s Q4 revenue and earnings largely aligned with our expectat ...

Shares of FedEx Corporation (FDX) performed very impressively on the bourse on Jun 26, ending the trading session at $296.19, up 15.5% from Jun 25’s closing price. The massive northward movement was owing to the better-than-expected earnings per share reported by the package delivery company. Apart from the earnings beat, management issued a favorable earnings forecast for fiscal 2025. This, too, pleased investors leading to the double-digit stock price appreciation.Highlights of Q4 EarningsFedEx's fourth-q ...

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 billio ...

Key TakeawaysThe 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 ses ...

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 6 ...

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 Schneeber ...