Latest news with #FedExCorporation
Yahoo
a day ago
- Business
- Yahoo
FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. FedEx Corporation (NYSE:FDX) is one of the largest courier and transportation companies in the world. Its shares have lost 17% year-to-date as weak earnings reports, coupled with trade and tariff uncertainties, have affected them. FedEx Corporation (NYSE:FDX) has also suffered due to the Trump administration's decision to revoke the de minimis exemptions, which meant that the volume of shipments sent to the US dropped significantly. In his previous remarks about FedEx Corporation (NYSE:FDX), Cramer has praised the firm's CEO. This time, he commented on the firm's warehouse operations: 'So I think that, there isn't anything in my mind that says that, you take warehouses being up, that employing people in warehousing and then you look at FedEx, which has got a gigantic warehouse in the Boston area with no people.' Previously, the CNBC TV host was full of praise for FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam: 'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?' While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-06-2025
- Business
- Yahoo
FedEx Offers Downbeat Earnings Outlook, No Full-Year View, Despite Quarterly Beat
FedEx (FDX) shares fell early Wednesday after the parcel delivery giant provided a fiscal first-quar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
FedEx Shares Down Almost 6% Despite Q4 Earnings & Revenues Beat
Shares of FedEx Corporation FDX have lost 5.96% in after-market trading on June 24, 2025. The downside came on the back of the statement given by Raj Subramaniam, FDX's president and chief executive officer, on the company's earnings call. He stated, 'The global demand environment remains volatile. We're staying close to our customers to help them plan and adapt as they navigate trade policy changes.' Citing uncertainty surrounding U.S. trade policies, especially with regard to China, FDX did not unveil any earnings and revenue predictions for the full year. This too displeased investors, resulting in the stock sliding despite reporting solid fourth-quarter fiscal 2025 (ended May 31, 2025) results. FDX's earnings and revenues surpassed the Zacks Consensus Estimate in the quarter. Quarterly earnings (excluding 81 cents from non-recurring items) of $6.07 per share beat the Zacks Consensus Estimate of $5.93 as well as improved 12.2% year over year. Share repurchases boosted fourth quarter earnings by 28 cents per share. Revenues of $22.2 billion came ahead of the Zacks Consensus Estimate of $21.7 billion and improved 0.5% from the year-ago fiscal quarter's reported figure. Quarterly results benefited from cost reduction benefits from the DRIVE program initiatives, higher volume at Federal Express and higher base yield at each transportation segment. Operating income, on a reported basis, increased 15% to $1.79 billion from the year-ago fiscal quarter's reported number. Operating margin rose to 8.1% from 7% in the year-ago reported quarter. Operating income and margin improved in the fiscal fourth quarter, as the company achieved its DRIVE structural cost reduction targets. Operating expenses (reported basis) decreased by 1% to $20.4 billion. FedEx Corporation price-consensus-eps-surprise-chart | FedEx Corporation Quote Raj Subramaniam, FDX president and chief executive officer, stated, 'I am proud of the FedEx team for a solid finish to the fiscal year, delivering excellent service for our customers while achieving our structural cost reduction target, in the face of ongoing headwinds. We will continue to leverage the unique scale and flexibility of our global network to support our customers as the demand environment evolves. Looking ahead, I'm confident that our transformation initiatives, which are focused on integrating our networks and further reducing our cost-to-serve, will create meaningful long-term value.' Federal Express and FedEx Freight now represent the company's major service lines and constitute its reportable segments. Further, the results of FedEx Custom Critical are now included in the FedEx Freight segment instead of the Federal Express segment. FedEx Express segment's revenues grew 1% year over year to $18.9 billion. The Federal Express segment was aided by cost reduction benefits from DRIVE, increased U.S. and international export volume, and higher base yield. These factors were partially offset by higher purchased transportation and wage rates, one fewer operating day, and the expiration of the U.S. Postal Service contract. Our estimate is pegged at $18.1 billion. FedEx Freight revenues fell 4% from the year-ago fiscal quarter's reported figure to $2.29 billion (in line with our model estimate figure). The FedEx Freight segment was hurt by lower fuel surcharges, reduced weight per shipment, higher healthcare costs, increased wage rates and one fewer operating day. These factors were partially offset by higher base yield and a $33 million gain on the sale of a facility. Average daily shipments fell 1% year over year. Capital expenditures for the reported quarter came in at $1.47 billion. FedEx exited fourth-quarter fiscal 2025 with cash and cash equivalents of $5.50 billion compared with $5.13 billion at the end of the prior quarter. Long-term debt (less current portion) was $19.1 billion compared with $19.5 billion at the end of the prior quarter. During fiscal 2025, FDX returned almost $4.3 billion to shareholders, which includes $3 billion of share repurchases (above the original $2.5 billion stock repurchase plan) and $1.3 billion of dividend payments. Repurchases during fiscal 2025 totaled almost 10.9 million shares or 4.5% of the shares outstanding at the beginning of the year. As of May 31, 2025, FDX had $2.1 billion available for repurchases under its 2024 stock repurchase authorization. For the first quarter of fiscal 2026, FedEx expects revenue growth in the range of flat to 2% rate on a year-over-year basis. Effective tax rate (ETR) is estimated around 25%. Diluted earnings per share (EPS) are anticipated between $2.90 and $3.50, and after excluding costs related to business optimization initiatives and the planned spin-off of FedEx Freight, EPS is expected between $3.40 and $4.00. For full-year fiscal 2026, FedEx anticipates permanent cost reductions of $1 billion from the DRIVE and Network 2.0 transformation programs. Pension contributions are now expected to be up to $600 million, compared with $800 million in fiscal 2025. FDX anticipates capital spending of $4.5 billion, prioritizing investments in network optimization and efficiency improvement, which includes fleet and facility modernization and automation. For fiscal 2026, FedEx stays focused on rewarding its shareholders, including the previously announced 5% dividend hike (28 cents per share), which translates to $5.80 annualized per share. The company also aims to continue a robust share repurchase program. FedEx currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. United Parcel Service, Inc. (UPS) reported first-quarter 2025 earnings (excluding 9 cents per share) of $1.49, which beat the Zacks Consensus Estimate of $1.44 and improved 4.2% year over year. Revenues of $21.5 billion surpassed the Zacks Consensus Estimate of $21.1 billion but decreased 0.7% year over year. GXO Logistics (GXO) reported solid first-quarter 2025 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings of 29 cents per share beat the Zacks Consensus Estimate of 26 cents but declined year over year. Revenues of $2.97 billion outpaced the consensus mark of $2.91 billion as well as improved year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report FedEx Corporation (FDX) : Free Stock Analysis Report GXO Logistics, Inc. (GXO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
22-06-2025
- Business
- Hindustan Times
Frederick Smith cause of death: Here's all on FedEx founder's health issues
Frederick W Smith, the founder of FedEx Corporation, died on Saturday, WREG reported, citing sources. He was 80 years old. Several politicians and close friends of Smith posted tributes on social media, recalling the billionaire as an 'innovator and leader'. Frederick W Smith, founder of FedEx, died on Saturday(X) Smith was born in Marks, Mississippi, in 1944. He earned his degree from Yale before joining the United States Marine Corps. The 80-year-old started FedEx operations in 1973. Fred Smith served as the CEO of the company until 2022. He stepped down and became executive chairman. As chairman, he led 'board governance, as well as issues of global importance, including sustainability, innovation, and public policy', according to FedEx. Senator Brent Taylor called Smith a 'visionary leader and cherished member of our community'. 'I'm deeply saddened to hear about the passing of Fred Smith, a visionary leader and cherished member of our the founder of FedEx, Fred revolutionized global logistics, creating countless jobs and opportunities right here in Memphis. His entrepreneurial spirit, dedication to innovation, and commitment to Memphis will leave a lasting legacy. He truly did Make Memphis Matter to the world.' Senator Marsha Blackburn said: 'As the founder of FedEx, his leadership and innovation transformed global commerce, and he will be remembered for his relentless drive, patriotism, and commitment to service,' Blackburn posted on X. 'His legacy will endure not only through the company he built but through the countless lives he touched. Praying for his wife, children, and family.' What is Fred Smith's cause of death and known health issues? While an official cause of death has not been released yet, it has been revealed that Smith suffered from Legg-Calvé-Perthes syndrome as a child. The bone disease that temporarily crippled him but from which he recovered by age 10, according to In 2008, during George W. Bush's administration, Smith declined an offer to serve as Defense Secretary due to unspecified health concerns.
Yahoo
29-05-2025
- Business
- Yahoo
UBS Lowers FedEx (FDX) Price Target, Keeps Buy Rating
On Wednesday, May 28, UBS analyst Thomas Wadewitz lowered the price target on FedEx Corporation (NYSE:FDX) from $331 to $311 and maintained a 'Buy' rating. Wadewitz noted that the business environment for FedEx Corporation (NYSE:FDX) in the fourth quarter of fiscal year 2025 looks more unstable and weaker than previously forecasted. This is especially true for the company's international segment. This observation contrasts with FedEx Corporation's (NYSE:FDX) own expectations shared during the earnings call for the third quarter of the fiscal year 2025, which was held in March. A driver unloading packages from a van for a time-critical delivery. The corporation's financial performance, particularly margins and earnings per share (EPS), is sensitive to changes in demand. This has led to UBS revising its fourth-quarter fiscal year 2025 EPS estimate for FedEx Corporation (NYSE:FDX). The EPS estimate has been reduced to $5.80 per share from the previous estimate of $6.22 per share. This new EPS estimate is below the consensus estimate of $6.01 per share. FedEx Corporation (NYSE:FDX) is a global transportation and logistics company with a global network. The corporation offers a wide range of transportation, e-commerce, and business services. While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FDX and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data
