FDX

FedEx Lowers Its Guidance…Again

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International shipping giant FedEx (click ticker for report: ) reported weak third quarter results and a light outlook as its customers have flocked towards lower cost shipping options. Revenue grew 4% year-over-year to $11 billion, slightly above consensus expectations. Earnings fell 21% year-over-year on a non-GAAP basis to $1.13 per share, as operating margins declined 330 basis points to 5.4%. On a segment basis, FedEx Express revenue grew just 2% year-over-year to $6.7 billion, with volumes and pricing up 1%, respectively in the US. International Economy shipping volumes grew 12%, while International Priority volumes increased just 2%. As a result, average export revenue per package fell 3%, leading segment operating margins down 350 basis points to 1.8%. CEO Fred Smith … Read more

Search Dividend Reports by Company Name: F to J

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Going forward, please use the ‘Symbol’ search box to download stock and dividend reports of companies you are interested in. The ‘Symbol’ search box can be found in our website header. Image shown from above. Use the active search box in the website header above. Learn more about your membership >>  Note: We have now discontinued this list. Please use the ‘Symbol’ search box in the website header for stock and dividend reports. Please read about our Valuentum Dividend Cushion score (ratio) here. Just having access to this valuable metric alone could save your income portfolio thousands of dollars! The past meets the future as we showcase the Valuentum Dividend Cushion scores of Dividend Aristocrats in this article (click here). The dividend reports below … Read more

FedEx Posts Strong Fiscal Third-Quarter Results, But Outlook Disappoints

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FedEx (FDX) reported strong fiscal third-quarter earnings growth Thursday thanks to improving yields, record holiday package shipping and solid performance at FedEx Ground. Though we liked the quarter, its outlook was disappointing. Though we plan to revisit our valuation of the firm, we’re sticking with our fair value estimate for the package deliverer.In its third quarter, FedEx’s revenue advanced 9%, while operating income more than doubled thanks to a 3.6 percentage point increase in the firm’s operating margin. In its Express segment, US domestic revenue per package grew 9%, while average daily volume declined 4% from the same period a year ago. However, its Express segment did much better, with revenue jumping 14%, as average daily package volume increased 5% … Read more

FedEx Reports Strong Fiscal Second-Quarter Results; Reaffirms Fiscal 2012 Earnings Outlook

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FedEx (FDX) reported strong fiscal second-quarter results Thursday and reconfirmed its fiscal 2012 earnings outlook. The report came as welcome news following a number of weak chipmaker earnings and warnings from DuPont (DD) and Joy Global (JOY) in past weeks. We are maintaining our $82 fair value estimate for FedEx. FedEx’s revenue advanced 10% from the same period a year ago, while operating income surged 66%. The firm’s operating margin expanded 3.5 percentage points, and net income advanced 76% from last year’s quarter. FedEx noted that it experienced particular strength from FedEx Ground, where revenue advanced 13%, and FedEx Freight and Express, where revenue increased 9% and 10%, respectively. The company’s FedEx SmartPost average daily volume increased a whopping 17% thanks … Read more

Top Research and Ideas You May Have Missed

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Is Quant Value Giving Intrinsic Value Investors a Bad Name? Surely, you don’t believe Warren Buffett’s “style” is out of favor? By Brian Nelson, CFA I need to make sure that you’re aware of something very important. The media and perhaps many investment professionals define the concept of “value” as companies with low price-to-book (P/B) ratios, and the concept of “growth” as companies with high price-to-book ratios. This definition of “value” and “growth” and their corresponding returns have been magnified in writings throughout the media and across quantitative research, even in prestigious journals. Warren Buffett has been rallying against most quantitative applications and how “growth” and “value” are defined in popular media and quantitative research for decades.  Here’s one of the Oracle’s most … Read more

US Congress Is Getting Ready to Pass a Massive ~$2.2 Trillion Fiscal Stimulus Bill

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Image Shown: US equities have started to recover some of their lost ground as the likelihood that the US Congress will pass a massive ~$2.2 trillion fiscal stimulus and emergency spending package, dubbed the CARES Act, has increased significantly over the past week as seen through the bounce in the SPDR S&P 500 ETF Trust (SPY). President Trump has clearly indicated that he intends to sign such a bill into law as soon as possible, with the US House of Representatives expected to take up the legislation this upcoming Friday morning on March 27. By Callum Turcan On March 25, the US Senate worked late into the night to secure a bipartisan compromise on a massive ~$2.2 trillion fiscal stimulus … Read more

The Price-to-Earnings Ratio Demystified

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By Brian Nelson, CFA The Price-to-Earnings Ratio Demystified The price-to-earnings (P/E) ratio seems so easy, right? The trailing P/E is just the price per share of the stock divided by the annual net diluted earnings per share the firm generated in its last fiscal (calendar) year. The forward P/E is the price per share of the stock divided by next fiscal (calendar) year’s annual net diluted earnings per share of the firm (or the forward 12-month period). The P/E ratio is probably the most well-known measure to help investors compare how cheap or expensive a firm’s shares are, as stock prices, for lack of a better term, are arbitrary. For example, stocks such as Warren Buffett’s Berkshire Hathaway (BRK.A), which … Read more