FMP
Dec 17, 2024 6:00 AM - Gordon Thompson
Image credit: Google Images
FedEx Corporation, listed on the NYSE as FDX, is a global leader in transportation, e-commerce, and business services. The company is known for its extensive logistics network and reliable delivery services. As FedEx prepares to release its quarterly earnings on December 19, 2024, investors are keenly watching the company's financial performance and market position.
Analysts estimate FedEx's earnings per share (EPS) to be $3.95, with projected revenue of approximately $22.1 billion. As highlighted by Zacks Investment Research, the upcoming earnings report is crucial for investors deciding whether to buy, sell, or hold the stock. The report will provide insights into FedEx's financial health and future prospects, which are essential for informed investment decisions.
Despite expectations of a slight revenue decline for the quarter ending November 2024, analysts believe FedEx will soon return to a growth trajectory. The company's price-to-earnings (P/E) ratio of 17.32 reflects the market's valuation of its earnings, while a price-to-sales ratio of 0.79 indicates that investors are paying $0.79 for every dollar of sales. These metrics help investors gauge FedEx's market valuation.
FedEx's enterprise value to sales ratio of 1.15 and enterprise value to operating cash flow ratio of 13.90 provide further insight into the company's valuation and cash flow generation. The earnings yield of 5.77% offers a perspective on the return on investment, which is a key consideration for potential investors.
With a debt-to-equity ratio of 0.82, FedEx maintains a moderate level of debt compared to its equity, indicating a balanced financial structure. The current ratio of 1.28 suggests that FedEx has a solid ability to cover its short-term liabilities with its short-term assets, reflecting its financial stability. These factors are crucial as investors evaluate FedEx's potential performance and investment appeal.
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