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FedEx Corp (FDX)

FDX on New York Consolidated

195.36USD
21 Feb 2017
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$1.66 (+0.86%)
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Latest Key Developments (Source: Significant Developments)

Fedex sets quarterly cash dividend of $0.40 per share
Friday, 17 Feb 2017 08:56am EST 

Fedex Corp :Sets quarterly cash dividend of $0.40per share.  Full Article

Paulson & Co cuts share stake in Fedex, Mylan
Tuesday, 14 Feb 2017 06:20pm EST 

Paulson & Co : Paulson & co cuts share stake in fedex corp by 89.7 percent to 11,000 shares - sec filing . Paulson & co takes share stake of 173,900 class a shares in workday inc . Paulson & co cuts share stake in allergan plc by 8.6 percent to 3.6 million . Paulson & co cuts share stake in mylan n v by 5.5 percent to 20.6 million .Paulson & co - change in holdings are as of dec 31, 2016 and compared with the previous quarter ended as of sept 30, 2016.  Full Article

FedEx names David Bronczek COO
Monday, 23 Jan 2017 10:00am EST 

FedEx Corp : David J. Bronczek promoted to President and Chief Operating Officer of FedEx Corp. . David L. Cunningham to succeed as President and CEO of FedEx Express .David J. Bronczek is assuming a new role as President and Chief Operating Officer of FedEx Corporation, effective February 1, 2017.  Full Article

Walgreens and FedEx teams up to offer FedEx dropoff and pickup at Walgreens locations nationwide
Wednesday, 11 Jan 2017 07:45am EST 

Fedex Corp - : Walgreens and FedEx team up to offer FedEx dropoff and pickup at thousands of Walgreens locations nationwide .After small-scale rollout this spring, Walgreens, co expect to have program available at thousands of Walgreens locations later this year.  Full Article

FedEx Corp says on Jan. 6 issued $450 mln of 3.3 pct notes due 2027 - SEC filing
Friday, 6 Jan 2017 10:06am EST 

FedEx Corp : On Jan. 6, issued $450 mln aggregate principal amount of its 3.300 pct notes due 2027 - SEC filing .On Jan. 6, 2017 issued $750 mln aggregate principal amount of its 4.400 pct notes due 2047-SEC filing.  Full Article

FedEx sees capex of about $5.6 bln in 2017
Wednesday, 21 Dec 2016 05:04pm EST 

FedEx Corp : FedEx Corp says its capital expenditures are expected to be about $5.6 billion in 2017 . FedEx - 2017 capex include spending for sort facility expansion, primarily at FedEx ground, aircraft and aircraft-related equipment at FedEx Express . FedEx says it invested $1.0 billion in aircraft and aircraft-related equipment in h1 2017; expect to invest additional $600 million for aircraft and aircraft-related equipment during remainder of 2017 .FedEx - 2017 capex also include spending for vehicle replacement at all its transportation segments.  Full Article

FedEx Corp reports increased revenue, operating income
Tuesday, 20 Dec 2016 04:15pm EST 

FedEx Corp :Fedex Corp reports increased revenue, operating income.  Full Article

Fedex Corp sets quarterly cash dividend of $0.40per share
Friday, 18 Nov 2016 09:00am EST 

Fedex Corp : Fedex corp. Board declares quarterly dividend .Sets quarterly cash dividend of $0.40per share.  Full Article

Fedex says David Bronczek to become COO, President in 2018
Monday, 26 Sep 2016 09:15am EDT 

Fedex Corp : T. Michael Glenn to retire as Fedex Corp Executive Vice President, market development and corporate communications . Says David J. Bronczek appointed COO and President .Bronczek appointment effective on January 1, 2018.  Full Article

FedEx posts Q1 adjusted earnings of $2.90/share
Tuesday, 20 Sep 2016 04:05pm EDT 

FedEx Corp: FedEx Corp reports higher first quarter earnings . Q1 adjusted earnings per share $2.90 . Q1 earnings per share $2.65 . Sees fy 2017 earnings per share $11.85 to $12.35 excluding items . Q1 earnings per share view $2.81 -- Thomson Reuters I/B/E/S . Says adjusted earnings for fiscal 2017 are projected to be $10.85 to $11.35 per diluted share . In q1, incurred $28 million of intangible asset amortization expense for TNT express . Qtrly FedEx ground segment revenue $4.29 billion versus $3.83 billion last year . Q1 FedEx express segment revenue of $6.66 billion versus $6.59 billion last year . Q1 revenue view $14.61 billion -- Thomson Reuters I/B/E/S . Says unable to forecast fiscal 2017 year-end mark-to-market pension accounting adjustments . FedEx Corp says unable to provide unadjusted earnings guidance for fiscal 2017 . During quarter, company incurred TNT express integration and outlook restructuring program costs of $68 million . Qtrly GAAP revenue $14.7 billion versus $12.3 billion last year . Says capital spending forecast for fiscal year, which includes TNT express, remains at $5.6 billion . Q1 FedEx freight segment revenue of $1.66 billion versus $1.60 billion last year . Fy2017 earnings per share view $11.97 -- Thomson Reuters I/B/E/S . During quarter, company incurred TNT express integration and outlook restructuring program costs of $68 million.  Full Article

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BRIEF-Fedex sets quarterly cash dividend of $0.40 per share

* Sets quarterly cash dividend of $0.40per share Source text for Eikon: Further company coverage: