FedEx Corp., New York symbol FDX, delivers packages and documents in the U.S. and over 220 countries and territories.
FedEx is one of the stocks we analyze in Wall Street Stock Forecaster, our newsletter that offers stock market recommendations for the U.S. markets.
For the fiscal year ended May 31, 2011, FedEx’s revenue rose 13.2%, to $39.3 billion from $34.7 billion in 2010. The company earned $1.45 billion, or $4.57 a share, up 22.6% from $1.2 billion, or $3.76 a share. If you exclude unusual items, FedEx earned $4.90 a share in 2011. That matched the consensus estimate.
The number and weight of packages grew throughout fiscal 2011, as the economy continued to recover from the recession. The international air delivery business was particularly strong, with average daily package volume up 10% and average daily weight up 25%.
The company plans to increase its capital spending by 23.5% in fiscal 2012, to $4.2 billion from $3.4 billion in 2011. The company will use these funds to buy new planes and trucks, upgrade existing facilities and invest in new computers.
FedEx recently raised its quarterly dividend by 8.3%, to $0.13 a share from $0.12. The new annual rate of $0.52 yields 0.55%.
We updated our buy/sell/hold advice on FedEx and other U.S. stock market recommendations in our June 24, 2011 Wall Street Stock Forecaster hotline, which you can immediately view when you take a 1-month free trial to Wall Street Stock Forecaster. Click here to get started right away.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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Legal Notices and Disclaimers
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