As per FedEx Corporation (NYSE:FDX)’s news release on 2016-06-07, its shareholders will get cash dividend of $0.4 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-16 and 2016-07-01, respectively.
The stock will commence trading ex-dividend from 2016-06-14, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year FedEx Corporation (NYSE:FDX) disbursed $0.4 in dividend compared to distribution of $0.4, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated FedEx Corporation (NYSE:FDX) to attain a price target of $180.75. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $205. The low price range is set at $145 for next year while the arithmetic mean is seen at 1.57.
Eyeing Earnings FedEx Corporation (NYSE:FDX) is likely to post quarterly numbers around 2016-09-20 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $2.79 for the period ending on 2016-08-31.
In last quarter ended 2016-05-31, FedEx Corporation (NYSE:FDX) earnings came at $3.3 suggesting a deviation of $0.04. The brokerages targeted EPS of $3.26 for the quarter.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...