What’s FedEx’s Capital Investment Outlook?
In 3Q17, the company incurred a capex of $1.1 billion, which represents 7.4% of the 3Q17 total revenues of ~$15.0 billion.
Analysts’ recommendations have changed in FedEx’s (FDX) favor after its 3Q17 results.
The FedEx Ground segment’s revenues rose 6% from $4.4 billion in 3Q16 to $4.7 billion in fiscal 3Q17.
The FedEx Freight segment revenues rose 3.1% from $1.4 billion in 3Q16 to $1.5 billion in fiscal 3Q17.
FedEx’s (FDX) overall operating margin on a reported basis was 6.8% in 3Q17, almost flat on a year-over-year basis.
In 3Q17, FedEx’s (FDX) Express segment reported revenue of $6.7 billion as compared to $6.5 billion in 3Q16.
FedEx (FDX) reported adjusted EPS (earnings per share) of $2.35 in 3Q17, missing analysts’ consensus estimate of $2.61 per share by 10.1%.
UPS expects its International segment’s revenues to grow 2%–4% in 2017.
In 4Q16, UPS’s International segment’s revenue rose 2.6% to ~$2.7 billion from ~$2.6 billion in 4Q15.
In 4Q16, United Parcel Service (UPS) just missed analysts’ revenue estimates by 0.5%.
In 4Q16, UPS’s Ground Service revenues saw remarkable growth, rising 7.1% on a year-over-year basis—the highest among all three subsegments.
United Parcel Service (UPS) reported its 4Q16 earnings on January 31, 2017. The parcel delivery giant reported a loss of $0.27 per share in 4Q16.
Of the 26 analysts covering FedEx stock, 19 analysts have now issued a “buy,” as compared to 17 analysts advising a “buy” before the fiscal 2Q17 results.
In fiscal 2Q17, FedEx (FDX) paid a quarterly cash dividend of $0.4 per share, which represents a rise of 60% on a yearly basis.
In fiscal 2Q17, FedEx (FDX) incurred a capital expenditure of ~$1.5 billion, which represents 9.8% of its total revenues of $14.9 billion for the quarter.
FDX plans to integrate TNT Express over the course of four years through a series of restructuring.
In fiscal 2Q17, FedEx’s (FDX) overall operating margin on a reported basis was 7.8%, as compared to 9.1% in fiscal 2Q16.
FedEx’s (FDX) Ground segment revenues rose 9.1% from $4.0 billion in fiscal 2Q16 to $4.4 in fiscal 2Q17.
In fiscal 2Q17, FedEx’s (FDX) Freight segment revenues rose 3.2% YoY to $1.59 billion, as compared to $1.54 billion in fiscal 2Q16.
In fiscal 2Q17, FedEx’s (FDX) Express segment reported revenues of $6.7 billion, as compared to $6.5 billion in 2Q16, which indicates a YoY rise of 2.4%.