Key Developments: FedEx Corp (FDX)

FDX on New York Consolidated

174.46USD
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

FedEx Corp gives Q4 2014 EPS outlook in line with analysts' estimates; gives FY 2014 EPS outlook below analysts' estimates
Wednesday, 19 Mar 2014 07:30am EDT 

FedEx Corp:Expects Q4 2014 earnings to be $2.25 to $2.50 per diluted share.Expects FY 2014 earnings to be $6.55 to $6.80 per diluted share.Q4 2014 EPS of $2.33 - Thomson Reuters I/B/E/S.FY 2014 EPS of $6.89 - Thomson Reuters I/B/E/S.  Full Article

FedEx Corp declares cash dividend
Friday, 14 Feb 2014 09:00am EST 

FedEx Corp:Says the Board has declared a quarterly cash dividend of $0.15 per share.Says the dividend is payable on Apr. 1 to stockholders of record at the close of business on Mar. 11.  Full Article

FedEx Corp announces $2 billion senior notes offering and accelerated share repurchase program
Monday, 6 Jan 2014 09:13am EST 

FedEx Corp:Says that it intends to offer, subject to market and other conditions, $2 billion of senior unsecured notes pursuant to an effective registration statement previously filed with the Securities and Exchange Commission.Says FedEx intends to use proceeds from the offering to make payments under accelerated share repurchase agreements (ASRs) with Goldman, Sachs & Co. and JPMorgan Chase Bank, National Association, London Branch, which are part of the company`s previously announced share repurchase program.Says the effectiveness of the ASRs is conditioned upon the closing of the notes offering.Says FedEx has agreed to repurchase an aggregate of $2 billion of its common stock from the banks, with an initial delivery of about 11.4 million shares based on current market prices.Says the final number of shares to be repurchased under each ASR will be based on a discount to the volume-weighted average stock price for Rule 10b-18 eligible transactions in FedEx`s common stock during the term of the relevant transaction.Says purchases under the ASRs are expected to be completed prior to the end of FedEx`s current fiscal year on May 31.Says FedEx expects to continue to repurchase shares in the open market from time to time, subject to market and other conditions.Says J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.  Full Article

New York City sues FedEx Corp for illegally shipping cigarettes to homes - Reuters
Monday, 30 Dec 2013 04:01pm EST 

FedEx Corp:Says New York City has sued FedEx Corp accusing the illegally delivering millions of contraband cigarettes to people's homes, violating a 2006 settlement - Reuters.Says lawsuit was filed in the U.S. District Court in Manhattan and seeks $52 million of civil fines and unpaid taxes from FedEx, which is based in Memphis, Tennessee.  Full Article

FedEx Corp raises FY 2014 EPS outlook
Wednesday, 18 Dec 2013 07:30am EST 

FedEx Corp:Says it is increasing its FY 2014 earnings per share (EPS) outlook and expects EPS growth to be 8 pct to 14 pct above last year`s adjusted results, compared to its previous growth range of 7 pct to 13 pct.Says it reported EPS of $6.23 in FY 2013.FY 2014 EPS of $7.02 - Thomson Reuters I/B/E/S.  Full Article

FedEx Corp Declares Quarterly Dividend
Friday, 15 Nov 2013 09:00am EST 

FedEx Corporation announced that it has declared a quarterly cash dividend of $0.15 per share on FedEx Corporation common stock. The dividend is payable January 2, 2014 to stockholders of record at the close of business on December 12, 2013.  Full Article

FedEx Corp Announces 32 Million Share Repurchase Program
Tuesday, 15 Oct 2013 08:40am EDT 

FedEx Corp announced that its Board of Directors has authorized a new share repurchase program of up to 32 million of its outstanding shares of common stock. These shares augment the remaining 7.4 million shares authorized for purchase under the existing share repurchase program. The shares may be repurchased from time to time in the open market or in privately negotiated transactions.  Full Article

FedEx Corp Reaffirms FY 2014 EPS Guidance-Conference Call
Wednesday, 18 Sep 2013 07:30am EDT 

FedEx Corp reaffirmed forecast for fiscal 2014 earnings per share (EPS) growth of 7% to 13% over Fiscal 2013 adjusted result. The Company reported EPS of $6.23 in fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $6.96 for fiscal 2014.  Full Article

FedEx Corp Declares Quarterly Dividend
Friday, 16 Aug 2013 09:00am EDT 

FedEx Corp announced that it has declared a quarterly cash dividend of $0.15 per share on FedEx Corp common stock. The dividend is payable October 1, 2013 to stockholders of record at the close of business on September 10, 2013.  Full Article

FedEx Corp Settles Lawsuit Alleging Customer Overcharging-DJ
Tuesday, 9 Jul 2013 12:37pm EDT 

Dow Jones reported that according to Bloomberg News, FedEx Corp has agreed to settle a lawsuit in which the Company was accused of overcharging customers. A hearing on a preliminary settlement has been set for July 23, according to a filing in the federal court in Memphis, Tenn. Terms were not disclosed. Steven Rosenwasser, an attorney for the plaintiffs, confirmed that an agreement had been reached.  Full Article

Teamsters pull ballot petition for FedEx Freight Virginia facility

CHICAGO, Nov 20 - The Teamsters union on Thursday withdrew a petition asking for a secret ballot election for drivers at a Richmond, Virginia, facility of FedEx Corp's trucking unit.

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