Post-Earnings Analysis - FedEx

LONDON, September 22, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis on FedEx Corp. (NYSE: FDX). The company reported its financial results for Q1 FY15 on Wednesday, September 17, 2014. During Q1 FY15, the company's revenue grew 6% from last year and its net income per diluted share surged 37% on a year-on-year basis. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

FedEx Corp.'s revenue during Q1 FY15 increased to $11.7 billion, from $11.0 billion in the preceding year quarter. Bloomberg analysts' were anticipating the company to report revenue of $11.5 billion. During Q1 FY15, the company's revenue from its Express Segment grew 4% to $6.86 billion, from $6.61 billion in Q1 FY14 and FedEx Ground Segment revenues increased to $2.96 billion, up 8% from $2.73 billion, in the prior year quarter. Further, the company's Freight Segment also reported higher revenues at $1.61 billion in Q1 FY15, as compared to $1.42 billion in Q1 FY14, reflecting a Y-o-Y increase of 13%. The free research on FDX can be downloaded as in PDF format at:

www.Investor-Edge.com/FDXFreeReport

During the reported quarter, FedEx Corp.'s operating income increased 24% to $987 million, from $795 million in Q1 FY14, primarily due to higher volumes and increased yields at all three transportation segments. The company also said that results in Q1 FY15 also benefitted from lower pension expense and the company's profit improvement programs. The company's operating margin during Q1 FY15 improved to 8.5%, from 7.2% in the preceding year quarter. Moreover, FedEx Corp.'s net income for the reported quarter broadened 24% to $606 million, or $2.10 per diluted share, from $489 million, or $1.53 per diluted share in the previous year quarter. The company's net income outperformed Bloomberg analysts' forecasts of $563 million, or $1.95 per diluted share.  

The Chairman, President and CEO of FedEx Corp., Frederick W. Smith, stated that the company is off to an outstanding start in fiscal 2015, resulting from a very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in US domestic volume at FedEx Express. Mr. Smith added that more customers are relying on FedEx because they appreciate the competitive advantages provided by the company's broad portfolio of solutions. Sign up and read the free analyst's notes on FDX at:

www.Investor-Edge.com/FDX-22092014

The Executive Vice President and CFO of FedEx Corp., Alan B. Graf, Jr., also said that the reported strong Q1 FY15 results were driven by higher revenues and improved profitability year over year in all three of its transportation segments. He added that the company's profit improvement programs are progressing as planned and FedEx continues to expect strong earnings growth this year.

In its outlook for FY 15, FedEx Corp. forecasted earnings of $8.50 to $9.00 per diluted share, which assumes no net Y-o-Y fuel impact and continued moderate economic growth. The capital spending forecast for FY15 remains at $4.2 billion.

During Q1 FY15, FedEx purchased 5.3 million shares of its common stock, which benefitted earnings during the reported quarter by $0.15 per diluted share. As of August 31, 2014, no shares remained under the existing share repurchase authorizations, the company informed. Visit Investor-Edge and access the latest research on FDX at:

www.Investor-Edge.com/FDXEarningsCoverage

Stock Performance  

On the day of earnings release, September 17, 2014, shares in FedEx Corp. recorded a new 52-week high of $161.65, before ending the session at $159.71, reflecting a one day gain of 3.27%. However, on the last close, Friday, September 19, 2014, the stock finished at its intra-day low of $158.33, which was 0.38% below its previous day's closing price. A total of 4.27 million shares were traded, significantly above its three months average volume of 1.45 million shares. Over the previous three trading sessions and over the last one month, the company's shares have advanced 2.37% and 5.17%, respectively. Moreover, the stock has gained 10.13% from the beginning of 2014. Shares in FedEx Corp. are trading above their 50-day and 200-day moving averages of $150.84 and $141.77, respectively. Furthermore, the stock traded at a PE ratio of 21.51 and has a Relative Strength Index (RSI) of 69.09.

Sneak Peek to Corporate Insider Trading  

In the last one month, FedEx Corp. has reported eight trading transactions by one insider on a single day. On September 18, 2014, Henry J. Maier, President and CEO of FedEx Ground, the second largest operating unit of FedEx Corp., purchased a total of 13,751 shares of the company, worth $1,219,933.10, at an average price of $88.72 per share, while on the same day he sold a total of 9,786 shares at an average price of $160.12 per share for $1,566,958. Complimentary in-depth research on FDX is available at:

www.Investor-Edge.com/FDXInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED