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Tag: fedex
FedEx - Caution As There Are Few Triggers Ahead
2015-03-21 17:00:45| Air Courier - Topix.net
All of this combined with the premium valuation following strong momentum seen in recent years makes me very cautious at current times. FedEx reported third quarter results which were not really convincing.
Tags: few
ahead
caution
triggers
FedEx (FDX) Stock Gaining Today Despite Credit Suisse Price Target Cut
2015-03-20 02:24:34| Air Courier - Topix.net
"We continue to expect improving returns and margins as a result of expanding capex in the Ground business, which should enable both increased capital efficiency and free cash flow generation over the next few years," analysts said. Since FedEx has close to $3.5 billion of cash on the balance sheet, Credit Suisse believes that the company has plenty of latitude to increase its dividend and/or share buyback activity.
Tags: price
today
stock
credit
FedEx CEO: Uber Is Terrific But No Threat
2015-03-19 06:26:38| Air Courier - Topix.net
Chief Executive Fred Smith likes to use Uber, but he says the ride-sharing start-up is unlikely to ever become a major competitor in package delivery. "I think where the shoe fits, there's certainly some demand for moving a package across town, and Uber or Lyft or the taxi services that have been in business for a long time have been able to do that or some of the local same-day businesses," Smith said.
FedEx Profit Jumps, But Sales, Outlook Disappoint
2015-03-18 17:57:42| Air Courier - Topix.net
FedEx Corp.'s third-quarter profit jumped more than 50 percent and beat Wall Street expectations on a mix of volume growth and lower fuel costs. But the Memphis, Tennessee-based package delivery company's revenue edged up only slightly and missed expectations as lower fuel surcharges and unfavorable currency exchange rates tempered the benefits of volume growth.
Tags: sales
profit
outlook
jumps
FedEx Narrows Profit Forecast as Currency Drags on Results
2015-03-18 16:13:20| Trucking - Topix.net
Earnings will be $8.80 to $8.95 a share in the fiscal year ending May 31, the Memphis, Tennessee-based company said in a statement Wednesday. FedEx had reiterated a forecast of $8.50 to $9 a share as recently as Jan. 23, and the average of 26 analysts' estimates surveyed by Bloomberg was $8.98.
Tags: results
profit
currency
forecast
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