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FEDEX CORPORATION

(FDX)
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FedEx to reduce debt by $2.6 billion after bond offering

05/04/2021 | 09:46am EDT
FILE PHOTO: A FedEx truck is driven through downtown in Los Angeles

(Reuters) -U.S. delivery firm FedEx Corp said on Tuesday it would reduce its net debt by $2.6 billion after it completes offerings of $1.75 billion of U.S. dollar-denominated notes and 1.25 billion euro-denominated notes.

The offerings represent the largest series of related debt transactions in its history, the company said in a statement.

Using proceeds from the debt offerings and existing cash, FedEx will eliminate all debt maturities through fiscal year 2025.

The offerings, which will be completed later this month, also include a 600 million euro sustainability bond tranche in Europe to fund its goal of carbon-neutral operations by 2040.

(Reporting by Shreyasee Raj; Editing by Ramakrishnan M.)


© Reuters 2021
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Financials (USD)
Sales 2021 82 760 M - -
Net income 2021 4 643 M - -
Net Debt 2021 15 039 M - -
P/E ratio 2021 17,8x
Yield 2021 0,90%
Capitalization 82 105 M 82 105 M -
EV / Sales 2021 1,17x
EV / Sales 2022 1,11x
Nbr of Employees 412 000
Free-Float 77,1%
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Technical analysis trends FEDEX CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 30
Average target price 332,46 $
Last Close Price 309,43 $
Spread / Highest target 23,8%
Spread / Average Target 7,44%
Spread / Lowest Target -24,7%
EPS Revisions
Managers and Directors
NameTitle
Frederick Wallace Smith Chairman & Chief Executive Officer
Rajesh Subramaniam President, Chief Operating Officer & Director
Michael C Lenz Chief Financial Officer & Executive Vice President
Robert B. Carter Chief Information Officer
Shirley Ann Jackson Independent Director
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