Cost cuts lift FedEx’s profits

FEDEX CORP. $246 is still a buy. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 249.9 million; Market cap: $61.5 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.0%; TSINetwork Rating: Average; www.fedex.com) delivers packages and documents in the U.S. and 220 other countries.
The re-opening… Read More

A earnings drop doesn’t negate a rosy future at FedEx

A earnings drop doesn’t negate a rosy future at FedEx

A 6.7% revenue decline that missed the consensus forecast hasn’t changed our long-term outlook for FedEx. That’s because the company’s ongoing re-organization should deliver solid gains in the years to come.

Meanwhile, the stock trades at just 14.1 times the company’s 2024 earnings forecast.

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FEDEX CORP. (New… Read More

Get Fedex before earnings lift again

Get Fedex before earnings lift again

Fedex shares shot up to $320 in 2021 as the COVID-19 lockdowns prompted consumers to buy more goods online. That spurred strong demand for its delivery services. The stock then fell to $142 in September 2022 as stores re-opened and online shopping volumes leveled off… Read More

Benefit from FedEx’s turnaround

FedEx’s shares shot up to $320 in 2021 as the COVID-19 lockdowns prompted consumers to buy more goods online. That spurred strong demand for its delivery services. The stock then fell to $142 in September 2022 as stores re-opened and online shopping volumes levelled off… Read More

FedEx is due for a turnaround with $4 billion in cost cuts

FedEx is due for a turnaround with $4 billion in cost cuts

While declining shipping demand accounted for a 6.2% revenue decline, FedEx continues to make progress with its plan to lower overhead costs and other expenses.

Already the company is raising its forecast for its 2023 earnings while the stock trades at 15.3 times that 2023 estimate.

For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

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FEDEX… Read More