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MarketScreener Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

FEDEX CORPORATION

(FDX)
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FedEx : Expands FedEx Freight Direct Service

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10/15/2019 | 09:50am EST

By Michael Dabaie

FedEx Corp. (FDX) said its FedEx Freight is expanding FedEx Freight Direct to more than 80% of the contiguous U.S. population.

The expansion follows a pilot in select markets earlier this year. The new service meets growing demand driven by e-commerce to deliver heavy, bulky items into homes and businesses, FedEx said.

FedEx Freight Direct offers delivery of bulky items such as furniture, TVs and exercise equipment by FedEx Freight team members into residences and businesses, the company said.

Write to Michael Dabaie at michael.dabaie@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
FEDEX CORPORATION 0.29% 157.21 Delayed Quote.-3.16%
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Financials (USD)
Sales 2020 70 219 M
EBIT 2020 4 242 M
Net income 2020 2 968 M
Debt 2020 16 569 M
Yield 2020 1,71%
P/E ratio 2020 14,0x
P/E ratio 2021 11,8x
EV / Sales2020 0,82x
EV / Sales2021 0,79x
Capitalization 40 879 M
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Technical analysis trends FEDEX CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 164,56  $
Last Close Price 156,68  $
Spread / Highest target 27,6%
Spread / Average Target 5,03%
Spread / Lowest Target -23,4%
EPS Revisions
Managers
NameTitle
Frederick Wallace Smith Chairman & Chief Executive Officer
Rajesh Subramaniam President & Chief Operating Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Robert B. Carter Chief Information Officer
John A. Edwardson Independent Director
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