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News Breaks | | | | March 20, 2013 | | 07:32 EDT |  | FDX | FedEx sees FY13 adjusted EPS $6.00-$6.20, consensus $6.35
Costs of the benefits provided under the voluntary buyout program will be recognized in the period that eligible employees accept their offers, predominantly in the fourth fiscal quarter. Including the third quarter costs, the company now expects the fiscal 2013 pretax cost of the voluntary buyout program to range from approximately $450M-$550M in cash expenditures, or 89c-$1.09 per diluted share, with some additional costs expected in fiscal 2014. Actual costs will depend on employee acceptance rates. Including the business realignment costs, earnings are expected to be 94c-$1.34 per diluted share in the fourth quarter and $4.91-$5.31 per diluted share for fiscal 2013. This guidance assumes the current market outlook for fuel prices. The capital spending forecast for fiscal 2013 is now $3.6B, compared to $3.9B in the company’s previous forecast. | |
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| May 15, 2013 | | 08:02 EDT |  | FDX | FedEx should be bought on pullbacks, says RW Baird
Baird lowered its estimates on FedEx to reflect below consensus Q4 results and guidance. The firm cited continued international airfreight weakness but sees stabilizing signs. Baird remains constructive on the shares citing low investor sentiment and potential for margin improvements. Shares are Outperform rated with a $112 price target. | | | 07:31 EDT | | FDX | FedEx news should improve investor sentiment, says Oppenheimer
After FedEx announced that it anticipates delivering $1.65B of annualized profitability improvement by FY16, Oppenheimer believes that this news, along with a capacity cut and the company's recent win of a major Post Office contract, will improve investor sentiment towards the stock. The firm reiterates an Outperform rating on the shares. | | | May 14, 2013 | | 07:23 EDT |  | FDX | Oppenheimer to host a summit
 Subscribe for More Information | | | May 7, 2013 | | 06:29 EDT | | FDX | FedEx FY14 expectations need to come down, says Citigroup
Citigroup believes consensus expectations for FedEx's FY14 need to come down before the stock can move higher. The firm lowered its FY14 earnings estimate for FedEx to $7.10 from $7.50 citing challenging fundamentals at Express, but keeps a Buy rating on the stock. | |
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