Company Update (NYSE:FDX): FedEx Awards $100,000 to Winners of Fourth Annual Small Business Grant Contest

[Business Wire] – FedEx announced today that Ginjan Bros, LLC — a beverage company that develops and brings to market traditional African beverages — is the grand prize winner of its fourth annual FedEx Small Business Grant Contest. Read more on this. FedEx Corporation (FDX) , valued at $42.17B, started the session at $157.11. Today’s price range has been between $156.42 and $158.62 per share with a one year range of $119.71 to $185.19. FDX shares are currently priced at 13.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.99x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.15 per share annually in dividends, yielding 0.74%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $2.81 per share, which would be $0.39 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $11.94 is a $1.14 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.67 Billion. If reported, that would be a 19.46% increase over the year-ago quarter. Recently, Standpoint Research downgraded FDX from Buy to Hold (Mar 17, 2016). Previously, Standpoint Research upgraded FDX from Hold to Buy. The average price target for FDX shares by the analysts covering the stock is $181.83, which is 15.73% above where the stock opened this morning. See more in (NYSE:FDX) Similar Articles: Company Update: FedEx Corporation (NYSE:FDX) – Conselho Administrativo de Defesa Econômica Upholds Unconditional Approval of FedEx Intended Acquisition of TNT Express Stock Update (NYSE:FDX): FedEx Earns No. 8 Spot on the FORTUNE World’s Most Admired Companies List Company Update: FedEx Corporation (NYSE:FDX) – Air Delivery & Freight Services Equities Technical Updates — United Parcel Service, FedEx, Expeditors International of Washington, and XPO Logistics