|Bid||249.940 x 800|
|Ask||250.090 x 800|
|Day's range||248.880 - 252.260|
|52-week range||205.640 - 274.660|
|PE ratio (TTM)||14.88|
|Earnings date||17 Sep 2018|
|Forward dividend & yield||2.60 (1.05%)|
|1y target est||286.24|
FedEx Corp. will lose a board member next month when one of its directors hits the mandatory retirement age of 75. FedEx already has changed its rules once to accommodate the inexorable march of time, though. James Barksdale, who has served on the FedEx board for 18 years, must step down before the company’s annual meeting on Sept. 24.
FedEx Corporation’s (NYSE:FDX) announced its latest earnings update in May 2018, which indicated that the company benefited from a large tailwind, eventuating to a high double-digit earnings growth of 52.56%.Read More...
UPS awaits approval of the provisional labor deal. In the event of a favorable voting outcome, the pay packages of its aircraft mechanics are likely to be boosted significantly.
On July 31, Western US rail giant Union Pacific (UNP) saw its stock set a new all-time high of $151.50. In the last week of July, the company announced a 10% dividend rise, taking its dividend per share to $0.80 from $0.73.
The online retail war is fast heating up with retailers focusing on not only faster delivery service but also affordable shipping fees.
In this final article in the series, we’ll turn to analysts polled by Thomson Reuters for their recommendations on United Parcel Service (UPS) after its second-quarter results. Of the 27 analysts covering UPS, six analysts (22.2%) recommended a “strong buy” for UPS stock.
MetLife Inc. has tax-code changes and a deal with FedEx Corp. to thank for second-quarter profit that beat analysts’ expectations. Earnings at the U.S. business surged 36 percent from a year earlier, fueled by a reduced corporate-tax rate and a pension-risk transfer contract won from FedEx, the New York-based life insurer said Wednesday in a statement. Adjusted earnings per share came in at $1.30, beating the $1.17 estimate from 17 analysts surveyed by Bloomberg.
In the previous part, we assessed United Parcel Service’s (UPS) US Domestic Package segment. Here, we’ll review the parcel delivery giant’s International Package segment’s performance in the second quarter.
Previously, we looked at a snapshot of United Parcel Service’s (UPS) total second-quarter revenues. In this part, we’ll examine the company’s US Domestic Package segment. This segment is the largest contributor to UPS’s business, accounting for ~60.0% of its revenues.
On July 19, J. B. Hunt Transport Services (JBHT) announced a regular quarterly dividend of $0.24 per share on its outstanding common stock. The cash dividend is payable to shareholders of record on August 3. It will be paid on August 17. The $0.24 per share dividend will result in a quarterly payment of $26.3 million.
E-commerce growth is likely to aid United Parcel Service's (UPS) second-quarter results. However, high operating expenses might limit bottom-line growth.
Shares of FedEx (FDX) are falling on Monday, while United Parcel Service (UPS) is rising, as UBS's Thomas Wadewitz argues that investors should now buy the latter instead of the former. Wadewitz upgraded UPS to Buy from Neutral and raised his price target by $4, to $125, while he downgraded FedEx to Neutral from Buy and lowered his price target to $256 from $283. For UPS, he writes that a combination of cost and productivity improvements, along with a supportive sales backdrop, could boost margins in its domestic package business., and fuel stronger operating income growth next year.
Bernstein's David Vernon checks in with logistics giants United Parcel Service (UPS) and FedEx (FDX) on Monday, writing that there's reason to keep the faith about both stocks. First, UPS: The company announced an agreement late last month with its Teamsters union, and while we have scant details on that ongoing negotiation, Vernon writes that we are getting more information about hybrid drivers, one of the bones of contention between the two parties. UPS and the Teamsters agreed to protect existing full-time package jobs and limit growth of hybrid drivers to 25% of the total number of full-time carriers, which Vernon writes is better than he hoped, and that Sunday delivery options are in the works for the future.
The program gives entrepreneurs, i.e. Amazon Delivery Service Providers (DSPs) a management fee to hire drivers, rather than Amazon doing it directly. Naturally, United Parcel Service (UPS) and FedEx (FDX) fell on the news, as investors fret about Amazon turning from blessing to curse for the delivery giants. Bernstein's David Vernon takes a look at the move Friday, writing that the DSP program is modeled on FedEx's Ground Independent Service Provider (ISP) model, and will require DSPs to hire employees, rather than contractors to reduce the risk of labor challenges.
Stocks that moved substantially or traded heavily Thursday: Walgreens Boots Alliance Inc., down $6.56 to $59.70 Shares of drugstores, pharmacy benefits managers and medication distributors fell after Amazon ...
Oliver Pursche, chief market strategist at Bruderman Brothers, talks about market volatility and his investment strategy. He speaks with Kathleen Hays and Haidi Lun on "Bloomberg Daybreak: Australia." ...
FedEx Corp. is trying out new technology to tighten spacing between freight trucks traveling on the highway as a way to increase safety, relieve traffic congestion and reduce fuel consumption. The test of a technique called “platooning” involves three Volvo AB trucks pulling FedEx trailers separated by about 140 feet on a North Carolina toll road. “Most of all it’s a technology that we believe will enhance the safety of our vehicles,’’ said John Smith, chief of FedEx’s freight unit, in a telephone interview.