How much debt does FedEx stock have?
FedEx has a total shareholder equity of $26.4B and total debt of $19.8B, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are $86.1B and $59.7B respectively. FedEx's EBIT is $7.0B making its interest coverage ratio 18.2. It has cash and short-term investments of $5.6B.
Is FedEx debt free?
What Is FedEx's Net Debt? The chart below, which you can click on for greater detail, shows that FedEx had US$19.8b in debt in November 2023; about the same as the year before. However, it also had US$6.73b in cash, and so its net debt is US$13.1b.
What is FedEx's net debt?
FedEx net long-term debt for the twelve months ending November 30, 2023 was $-0.435B, a 29.85% increase year-over-year. FedEx annual net long-term debt for 2023 was $-0.152B, a 5.59% decline from 2022. FedEx annual net long-term debt for 2022 was $-0.161B, a 92.36% decline from 2021.
Is FedEx financially stable?
FedEx has experienced impressive sales growth and EPS growth, driven mostly by organic expansion. The company has a history of consistent dividend payments and share buybacks, indicating financial stability and commitment to shareholders.
Is FedEx a good long term stock?
Valuation metrics show that FedEx Corporation may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of FDX, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
How is FedEx doing financially?
FedEx Express operating income declined due to lower revenue, partially offset by reduced operating expenses. The revenue decrease was driven by volume declines, lower fuel surcharges, reduced demand surcharges, and a mix shift toward lower-yielding services.
Why are people boycotting FedEx?
Activist Mulls FedEx Boycott for Treatment of Black Worker Chased and Fired On in Brookhaven. For Mississippi Rising Coalition board member Morris Mock, boycotting FedEx in protest to show displeasure with the company's treatment of D'Monterrio Gibson is on the table.
Who owns majority of FedEx stock?
Approximately 73.85% of the company's stock is owned by Institutional Investors, 8.71% is owned by Insiders and 17.44% is owned by Public Companies and Individual Investors. The ownership structure of FedEx (FDX) stock is a mix of institutional, retail and individual investors.
Why is FedEx stock tanking?
Shares of FedEx Corporation FDX declined 3.32% on Apr 1 to $280.13 per share from $289.74 on Mar 28. This downside was mainly due to the non-renewal of the air-cargo contract with United States Postal Service or USPS. The current contract with FedEx will expire on Sep 29, 2024.
Why is FedEx declining?
The package delivery giant missed earnings and revenue estimates on a drop in volume, lower fuel surcharges, reduced demand surcharges, and a shift toward less profitable services. FedEx cut its full-year revenue outlook for the second consecutive quarter, and now anticipates a decline.
Is FedEx laying off in 2024?
Major layoffs continue
The job cuts at FedEx come amid a flurry of layoffs in 2024.
Is FedEx a good stock to invest in?
The highest analyst price target is $351.00 ,the lowest forecast is $210.00. The average price target represents 11.97% Increase from the current price of $275.51. FedEx's analyst rating consensus is a Moderate Buy. This is based on the ratings of 21 Wall Streets Analysts.
Will FedEx stock recover?
Fedex Corp quote is equal to 278.490 USD at 2024-04-03. Based on our forecasts, a long-term increase is expected, the "FDX" stock price prognosis for 2029-03-27 is 330.981 USD. With a 5-year investment, the revenue is expected to be around +18.85%. Your current $100 investment may be up to $118.85 in 2029.
Should I sell my FedEx stock?
Is FedEx stock a Buy, Sell or Hold? FedEx stock has received a consensus rating of buy. The average rating score is and is based on 68 buy ratings, 30 hold ratings, and 1 sell ratings.
Is UPS or FedEx better to invest?
Using their price targets, FDX offers more upside. Most Wall Street analysts currently have UPS a hold while others rate it a strong buy. This is the opposite for FDX. Most analysts rate it a strong buy while others rate it a hold.
Should I buy UPS or FedEx stock?
We can use results from a peer, FedEx FDX, as a guide. As shown below, FDX shares have widely outperformed in 2023, penciling in a 40% gain compared to the -9% decline within UPS shares. FedEx reported adjusted EPS of $4.55, exceeding the Zacks Consensus Estimate handily by 23% and improving 32% year-over-year.
Who makes the most money at FedEx?
Some of the highest wages a worker can make at Fedex are in the job titles Field Sales Executive ($80,929), and title Store Manager ($79,951) which are the highest paying jobs at Fedex.
Is FedEx laying off employees?
Reports confirm that FedEx is moving forward with employee layoffs, impacting various departments including IT and Finance. The decision to downsize comes as part of the company's cost-cutting measures, aiming to streamline operations and enhance efficiency.
Is FedEx a profitable company?
FedEx officials are "confident" in their path ahead after posting third quarter earnings that beat expectations. In Thursday's earnings release, FedEx reported it made $21.7 billion in revenue for the 2024 fiscal year's third quarter that ended Feb. 29, which was a decrease from the 2023 fiscal year of $22.8 billion.
Why is FedEx struggling?
Quarterly operating income for the air-based Express unit fell 60%, hit by volatile macroeconomic conditions, muted retailer restocking and reduced demand from its largest customer, the U.S. Postal Service (USPS). The U.S. Post Office has been diverting more packages from higher-margin air services to ground services.
Why did Amazon ditch FedEx?
We may now be seeing the same pattern playing out in the shipping business. Amazon has been increasing the number of packages it delivers itself, and has already reached the point where it delivers half its own packages. By cutting off FedEx, Amazon is giving itself room to grow its own delivery revenue.
What problems is FedEx facing?
A significant challenge for FedEx and UPS in 2023 was the escalation of labor costs. The tightening labor market, increased competition for skilled workers, and growing wage pressures contributed to rising labor expenses for both carriers.
Who is FedEx biggest customer?
The Postal Service is FedEx Express' largest customer, FedEx has disclosed. The Memphis-based air cargo giant provides domestic airport-to-airport transportation services for the agency under a contract expiring in 2024. It also provides international transportation and delivery for the Postal Service.
Who is bigger FedEx or UPS?
Founded in 1971 by Frederick Wallace Smith, FedEx is headquartered in Memphis, TN. FedEx is the second-largest courier carrier in the U.S, right behind UPS. The company has employed over 475,000 people and has got a revenue of $69 billion.
Who profits more UPS or FedEx?
UPS' revenue is 1.08 times what FDX generates. Moreover, UPS is more profitable, with an EBITDA margin and net income margin of 16.91% and 11.51%, compared to FDX's 9.84% and 3.23%, respectively. Also, UPS' levered FCF margin of 8.16% is considerably higher than FDX's 0.63%.
