Of the 27 analysts covering FedEx (FDX), nine (or 33%) have “strong buy” recommendations on the stock. Another 13 analysts have “buy” recommendations on the stock.
Earlier, we discussed FedEx’s (FDX) segmental and corporate operating margins in fiscal 4Q17. Now, let’s take a look at the company’s capital expenditure (capex).
In this article, we’ll focus on the results of FedEx’s (FDX) 2016 acquisition of TNT Express. Until now, FDX has reported TNT Express’s and FedEx Express’s operating results separately.
In this article, we’ll study the company’s Freight segment’s fiscal 4Q17. The segment’s revenue rose 5.7% to $1.7 billion in the quarter, compared to $1.6 billion in fiscal 4Q16.
FedEx’s (FDX) operating margin was 11.2% on an adjusted basis in fiscal 4Q17, representing a 0.4% fall on a YoY (year-over-year) basis.
In fiscal 4Q17, FedEx’s (FDX) Express segment’s total revenue was $7.1 billion, compared to $6.7 billion in fiscal 4Q16, a year-over-year (or YoY) rise of 6.9%.
In this article, we’ll look at FedEx’s Ground segment’s performance in fiscal 4Q17. FedEx Ground’s revenue rose 9.1% to $4.6 billion in the quarter, compared to $4.2 billion in fiscal 4Q16.
On June 20, 2017, parcel delivery and logistics giant FedEx (FDX) announced its fiscal 4Q17 results. The company reported adjusted EPS (earnings per share) of $4.25.
Assuming that Micron’s operating cash flow margin improves to 32.0% in fiscal 3Q17, the company would report an operating cash flow of $1.7 billion.
The use of low power DRAM is increasing in automotive. That’s been driving the earnings for Micron’s Embedded Business Unit, even during the downturn.
Micron Technology (MU) is seeing an increasing demand from cloud customers, which is driving its computing revenue as well as its storage revenue.
Micron’s (MU) MBU revenue rose 114.0% YoY in fiscal 2Q17 as it secured design wins for its 14 nm LPDDR in fiscal 3Q16.
In fiscal 2Q17, Micron’s NAND unit sales rose 18.0%, but its NAND revenue rose 9.8% on a sequential basis.
Micron Technology’s (MU) biggest end market is CNBU (Compute and Networking Business Unit), which accounted for 41.0% of its fiscal 2Q17 revenue.
Micron Technology (MU) has been witnessing strong earnings over the past two quarters as DRAM (dynamic random access memory) prices increase.
Micron’s gross margin could be driven by increasing DRAM prices and falling cost per bit.
Micron expects to improve its non-GAAP operating margin from 25.0% in fiscal 2Q17 to 35.2% in fiscal 3Q17.
For fiscal 3Q17, Micron expects its revenue to rise 16.0% sequentially to $5.4 billion at the midpoint, which is in line with the consensus estimate.
Analysts expect McCormick to post revenues of $4.6 billion in fiscal 2017, up about 3.5% on a year-over-year basis.
Analysts expect McCormick & Company (MKC) to post sales of $1.1 billion in fiscal 2Q17, up 3.5% year-over-year.