21 stories mentioning FDX
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FedEx (FDX) said Tuesday that its pilots have ratified a new collective bargaining agreement with the company and the Air Line Pilots Association by a majority vote.The new agreement will take effect from June 29 and represents a "significant step" forward for the FedEx airline and its 5,000 pilots, the company said.Financial terms of the agreement were not disclosed.Price: $328.79, Change: $-1.44, Percent Change: -0.43%
Consumer stocks were mixed late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1%.In corporate news, FedEx's (FDX) fiscal Q4 earnings may fall short of Wall Street's expectations as margin pressures continue to outweigh stable sales trends, Morgan Stanley said. FedEx shares fell 1%.Walt Disney (DIS) has started selling Super Bowl LXI commercial time at $8 million for a 30-second spot, Variety reported. Disney shares declined 1.8%.Ford Motor's (F) total US vehicle sales in May fell 13.6% to 190,828 from a year earlier, the automaker said. The stock fell 2.8%.Ulta Beauty's (ULTA) limited guidance flow-through from its $0.85 earnings per share beat, along with tougher Q2 to Q4 comparisons, raises questions about the extent of earnings delivery in H2, Morgan Stanley said. Ulta shares dropped 5%.
Consumer stocks were mixed late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1%.In corporate news, FedEx's (FDX) fiscal Q4 earnings could fall short of Wall Street's expectations as margin pressures continue to outweigh "stable" sales trends, Morgan Stanley said in a note e-mailed Wednesday. FedEx shares were down 1%.
FedEx's (FDX) fiscal fourth-quarter earnings could fall short of Wall Street's expectations as margin pressures continue to outweigh "stable" sales trends, Morgan Stanley said in a note e-mailed Wednesday.The parcel delivery giant is expected to report earnings of $5.58 a share for the quarter, below the Street's views for $5.92, according to Morgan Stanley. The brokerage projects quarterly earnings before interest and taxes at $1.92 billion, also lagging the $2 billion modeled by analysts."We expect FedEx (fourth-quarter) EBIT and EPS to come in modestly below consensus, as margin pressures continue to outweigh stable revenue trends," Morgan Stanley said in a note to clients.FedEx is scheduled to report results June 23. The company completed the spin-off of its freight business recently. FedEx Freight (FDXF) now trades as an independent company on the New York Stock Exchange under the ticker symbol FDXF."Following the June 1 separation, we expect both FedEx Express and FedEx Freight to deliver (fourth-quarter) results that are modestly ahead on revenue, but below (consensus) EBIT, reinforcing our view that pricing stabilization may not be translating into the degree of margin recovery implied by expectations," Morgan Stanley said.The express segment's EBIT and margins remained pressured in the quarter despite a sequential improvement due to persistent cost headwinds, according to the note.The freight business' operational trends "appear to be stabilizing following a difficult" third quarter, the firm said. However, "weaker-than-expected pricing and continued volume pressure are expected to weigh on earnings," Morgan Stanley wrote.Investors are not expected to not have "full standalone visibility" into the parcel and freight businesses until late October, as disclosures roll out in phases, according to the note."As both businesses begin operating independently, we believe investors will increasingly focus on the sustainability of normalized margin profiles, particularly as the gap between revenue performance and earnings conversion remains a key concern across both segments," Morgan Stanley said.Price: $326.70, Change: $-2.31, Percent Change: -0.70%
FedEx (FDX) is poised to report fiscal Q4 earnings before interest and taxes, and earnings per share modestly below consensus as margin pressures continue to outweigh stable revenue trends, Morgan Stanley said in a Wednesday note.The investment firm said the company is entering a new phase following the spin-off of FedEx Freight (FDXF) and investors are likely to focus on long-term fundamentals.The brokerage added that as both businesses begin operating independently, investors will increasingly focus on the sustainability of normalized margin profiles as the gap between revenue performance and earnings conversion remains a key concern.Morgan Stanley said it expects quarterly EBIT of $1.92 billion, compared with a consensus estimate of $1.99 billion. It expect EPS of $5.58 versus a consensus of $5.92. The brokerage added that consolidated results may be less meaningful following the company's spin-off.For the fiscal Q4, FedEx Express' continued pricing strength, fuel surcharge upside and share gains are likely to be offset by persistent cost headwinds and international trade disruptions. Weaker-than-expected pricing and continued volume pressure at FedEx Freight are expected to weigh on earnings, according to the note.FedEx is scheduled to report its fiscal Q4 results on June 23.Morgan Stanley lowered its price target to $160 from $230, with an underweight rating.Price: $328.37, Change: $-0.63, Percent Change: -0.19%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FedEx completed the spin-off of FedEx Freight as FDXF on June 1, 2026, with shares beginning NYSE trading and FDX up modestly after adjusting for the 1:2 distribution. FDX retains 19.9% of FDXF shares for release over 24 months through debt repayment, special dividend, or share exchange options. We view the spin-off as a net positive for existing shareholders, allowing them to benefit from less-than-truckload firms' typical premium valuations over diversified shipping companies while essentially maintaining combined exposure. FDX will report FY 26 (May) results on June 23 reflecting the combined company through May 31. However, we see the legacy FDX business as less attractive due to the shift toward B2C from B2B customers, which comprised the majority of FedEx Freight volume. We think this business mix change dilutes a key competitive advantage over UPS, particularly given our concerns about unsustainable consumer spending habits and the Iran conflict accelerating pullback likelihood.
FedEx (FDX) has an average rating of overweight and mean price target of $416.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
FedEx (FDX) and its freight business FedEx Freight (FDXF), expected to start trading June 1, will likely see margin improvement stories after the spinoff, UBS Securities said in a note Friday.The margin improvement potential is a key lever for both companies, with each having "idiosyncratic drivers" like the combination of Express and Ground in the US for FedEx, and the investments in technology and sales staff at FedEx Freight, the investment firm said.UBS analysts estimate 2027 earnings per share of $5.45 for FedEx Freight, assuming an operating ratio of 87.2% compared with 88.7% in 2026, and $22.60 for FedEx, based on an operating ratio of 92.1% versus 93% in 2026.The investment firm is also forecasting 5.7% and 7.7% revenue growth in 2027 for FedEx and FedEx Freight, respectively, reflecting an "improving cyclical backdrop for freight."UBS has a buy rating on FedEx, with price target adjusted to $445 from $446.Shares of FedEx were up 2% in Friday trading.Price: $396.70, Change: $+7.79, Percent Change: +2.00%
FedEx's (FDX) board approved the spin-off of its FedEx Freight business, with the new company set to begin trading on the New York Stock Exchange on June 1, under the ticker "FDXF", it said Wednesday.FedEx shareholders will receive one share of FedEx Freight for every two shares held as of the May 15, while FedEx will retain a 19.9% stake in the spun-off unit and plans to gradually divest it over time, the company said.FedEx also said it has begun redeeming its 354.9 million euros ($415.6 million) 1.300% notes due 2031 as part of the broader spin-off process.Price: $377.78, Change: $+1.36, Percent Change: +0.36%
ServiceNow (NOW) said Tuesday it is significantly expanding its partnership with Nvidia (NVDA) to extend agentic artificial intelligence governance from desktops to data centers.This includes the introduction of Project Arc, a new enterprise autonomous desktop agent secured by the Nvidia OpenShell runtime, that will autonomously complete complex work for employees, according to the company.Also, ServiceNow entered an expanded multi-year strategic agreement with Lenovo to allow enterprises to cut costs, increase productivity, improve governance through AI-native workflow automation, according to a statement.ServiceNow and FedEx (FDX) are also expanding their collaboration by embedding trusted logistics intelligence from FedEx Dataworks directly into existing ServiceNow Source-to-Pay journeys, as well as building net-new supply chain management workflows, the company added.Additionally, ServiceNow announced an expansion of its strategic partnership with Microsoft (MSFT) for a deepened product integration between ServiceNow AI Control Tower and Microsoft Agent 365.Price: $91.54, Change: $-0.43, Percent Change: -0.47%
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.In corporate news, Norwegian Cruise Line (NCLH) shares slumped more than 8%. The company lowered its full-year earnings outlook on Monday amid higher fuel costs and weak consumer demand due to the Middle East conflict, while its Q1 revenue fell short of market estimates.Amazon.com (AMZN) said it has launched Amazon Supply Chain Services, opening its logistics network to businesses. Amazon shares rose 1.2%, while FedEx (FDX) and United Parcel Service (UPS) each fell 9.8% and 10% respectively.GameStop (GME) has proposed to acquire eBay (EBAY) in a cash-and-stock deal worth about $55.5 billion. GameStop fell more than 9%, and eBay jumped 5%.Tyson Foods' (TSN) fiscal Q2 results surpassed Wall Street's expectations, lifted by price and volume gains in the chicken and prepared foods segments. Its shares climbed 7%.
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.In corporate news, Amazon.com (AMZN) has launched Amazon Supply Chain Services, opening its logistics network to businesses, the company said Monday. Amazon shares rose 1.2%, while FedEx (FDX) and United Parcel Service (UPS) each fell 9.8% and 10% respectively.
Cogent Communications (CCOI) shares sank 35% amid heavy trading after the company reported on Monday lower Q1 service revenue that was below analysts' estimates.Shares sank 35% following a surge in intraday trading volume to over 5 million from a daily average of about 1.2 million.United Parcel Service (UPS) and FedEx (FDX) shares declined after Amazon.com (AMZN) announced the launch of Amazon Supply Chain Services, opening its logistics network to businesses.UPS shares slumped 10% as intraday trading volume catapulted to more than 12.9 million from a daily average of about 6.10 million.Norwegian Cruise Line (NCLH) reported Monday Q2 adjusted earnings outlook below analysts' forecasts and also cut its 2026 adjusted EPS guidance.Shares dropped nearly 9%, with intraday trading volume at over 41.3 million, versus a daily average of about 22.4 million.Price: $15.28, Change: $-7.88, Percent Change: -34.02%
All three major US stock indexes were lower in late-morning trading Monday, after President Donald Trump announced over the weekend a plan to have the US guide cargo ships belonging to other nations safely through the Strait of Hormuz.In company news, GameStop (GME) said Sunday it submitted a non-binding offer to acquire all outstanding shares of eBay (EBAY) for $125 each. The $55.5 billion proposal is an equal mix of cash and stock, with the cash component supported by corporate reserves and up to $20 billion in potential financing from TD Securities, the company said. GameStop shares were down 7.9% around midday, while eBay shares were up 5.7%.Amazon.com (AMZN) has launched Amazon Supply Chain Services, opening its logistics network to businesses, the company said Monday. The new offering extends Amazon's freight, distribution, fulfillment and parcel shipping capabilities to retail, wholesale, and commercial businesses, the company said. Separately, Amazon-backed Anthropic has set up a standalone enterprise services firm alongside Blackstone (BX) and Goldman Sachs (GS) to integrate the Claude artificial intelligence platform into core business operations. Amazon shares were up 1.5%, while shares of FedEx (FDX) and United Parcel Service (UPS) were down 9.3% and 9.9%, respectively. Blackstone shares were down 0.9%, while Goldman shares were down 2.3%.American Express Global Business Travel, which is operated by Global Business Travel Group (GBTG), said Monday it has entered into a definitive agreement to be acquired by Long Lake Management for $9.50 per share in an all-cash deal valued at about $6.3 billion. Global Business Travel Group shares were up 57.3%.ADT (ADT) said Monday it priced a secondary public offering of 102 million common shares, sold by certain entities managed by affiliates of Apollo Global Management (APO) and representing all the remaining shares owned by the selling stockholders. The offering is expected to close on May 5, subject to customary conditions. ADT shares were down 6.4%, and Apollo shares were 0.3% lower.Norwegian Cruise Line (NCLH) reported Q1 adjusted earnings Monday of $0.23 per share, up from $0.10 a year earlier and above the FactSet consensus estimate of $0.14. Total Q1 revenue was $2.33 billion, up from $2.13 billion a year ago but below the FactSet consensus of $2.36 billion. For Q2, the company said it expects adjusted EPS of $0.38, below the FactSet consensus of $0.51. The company lowered its full-year 2026 adjusted EPS range to $1.45 to $1.79, from $2.38 prior outlook. Analysts polled by FactSet expect $2.10. Norwegian Cruise shares were down 8.7%.Price: $24.44, Change: $-2.09, Percent Change: -7.88%
Susan C Schwab, Director, on April 15, 2026, sold 5,795 shares in Fedex (FDX) for $2,138,355. Following the Form 4 filing with the SEC, Schwab has control over a total of 10,038 common shares of the company, with 10,038 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1048911/000104891126000025/xslF345X05/form4.xml
Tracy B Brightman, Executive Vice President, Chief People Officer, on April 15, 2026, sold 16,959 shares in Fedex (FDX) for $6,164,156. Following the Form 4 filing with the SEC, Brightman has control over a total of 11,052 common shares of the company, with 11,052 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1048911/000104891126000029/xslF345X05/form4.xml
Gina F. Adams, Executive Vice President, General Counsel, and Secretary, on April 14, 2026, sold 20,450 shares in Fedex (FDX) for $7,493,856. Following the Form 4 filing with the SEC, Adams has control over a total of 19,403 common shares of the company, with 19,403 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1048911/000104891126000015/xslF345X05/form4.xml
Kawal Preet, Executive Vice President, Planning, Engineering, and Transformation, on April 14, 2026, sold 4,900 shares in Fedex (FDX) for $1,802,661. Following the Form 4 filing with the SEC, Preet has control over a total of 10,953 common shares of the company, with 10,953 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1048911/000104891126000019/xslF345X05/form4.xml
Consumer stocks rose late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing 2.2%.In sector news, Redbook US same-store sales rose 7% from a year earlier in the week ended April 11 after a 7.6% year-over-year increase in the previous week.In corporate news, Ford (F) has a "credible" path to delivering 2027 EPS of above $2, with a march towards $3 beyond 2027, UBS Securities said in a note. UBS upgraded Ford to buy from neutral, with a $15 price target. Ford shares climbed up 4.7%.Walt Disney (DIS) will eliminate around 1,000 jobs, including positions in marketing, studio and television units, and certain corporate functions, Reuters reported. Disney shares rose 1.5%.FedEx (FDX) said its finance chief will step down in early June as the parcel delivery giant completes the spinoff of its freight business into a new publicly listed company. FedEx fell 0.8%.United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines (AAL) during a late February meeting with President Donald Trump, Reuters reported Monday. A consolidated carrier would be more competitive globally, aligning with the administration's focus on international trade deficits, the news outlet quoted Kirby as saying. United shares rose 2.3%, and American jumped past 8%.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.5%.In sector news, Redbook US same-store sales rose by 7% from a year earlier in the week ended April 11 after a 7.6% year-over-year increase in the previous week. "Many stores closed on Easter Sunday so that employees could spend time with their families, which meant Easter week sales were based on six days instead of seven compared to last year," Redbook said, adding that sales during the week were driven by seasonal items.In corporate news, FedEx (FDX) said its finance chief will step down in early June as the parcel delivery giant completes the spinoff of its freight business into a new publicly listed company. FedEx shares were down 0.4%.United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines (AAL) during a late February meeting with President Donald Trump, Reuters reported Monday, citing two unnamed sources familiar with the matter. A consolidated carrier would be more competitive globally, aligning with the administration's focus on international trade deficits, the news outlet quoted Kirby as saying. United shares rose 2.4%, and American jumped 8%.Lucid (LCID) said Tuesday that it has priced an underwritten public stock offering to generate $300 million in gross proceeds. Uber (UBER) has expanded a previous purchasing agreement to buy at least 35,000 vehicles for a future autonomous taxi network, while contributing an additional $200 million to reach a $500 million total investments in the company, Lucid said. Public Investment Fund affiliate Ayar Third Investment has also committed $550 million to buy convertible preferred stock. Lucid shares were down 4.3%, and Uber rose 1.2%.
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