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FedEx (FDX) Replies |
HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11735
Location: Los Angeles, California
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 Posted: Wed Jun 22, 2011 6:22 pm Post subject: |
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Morningstar on FDX's fiscal 4Q earnings:
| Quote: | | FedEx FDX delivered impressive fourth-quarter results, including attaining a record 18.4% operating margin in its ground segment and returning its freight segment to profitability (3.2% margin) after this less-than-truckload business made losses in eight of nine recent quarters. FedEx grew consolidated quarterly revenue and operating income 12% and 28% year over year, respectively, on greater volume, yield improvements, and ever more efficient operations. Express' 6.5% op margin is somewhat middling, but the firm faced a 42% increase in jet fuel prices over the prior-year quarter, and consolidated EBIT margin increased 100 basis points to 8.4%. For the fiscal year ended May 31, 2011, FedEx grew full-year revenue by 13% to $39.3 billion and expanded operating income 19% to $2.4 billion. Freight returned to profitability on a 9% core price improvement (excluding fuel) and volume declined 8% as the firm winnowed its portfolio to improve margins. Management reports that customers are pleased with the integration of the two freight networks and that priority delivery is active in all lanes (customers are not just choosing the cheaper, somewhat slower product). Management considers the current economic softness to be a temporary phenomenon and expects 2.5% GDP growth in calendar 2011 followed by 3.0% in calendar 2012, along with about 4.2% growth in industrial production. Management's fiscal 2012 guidance reflects its optimism. The firm projects earnings of $6.35-$6.85 per share for the coming year--a 30%-40% increase over the just-completed year. Budgeted capital expenditures also reveal confidence: FedEx plans fiscal 2012 capital investment of $4.2 billion, including 60% on growth initiatives. Some of this is pulled forward from future investment plans to take advantage of the tax relief act. While the firm faces headwinds like resuming 401k matches, health care costs, merit increases, and bonus payments, flat maintenance and pension expenses likely help offset these increases. We'll incorporate the quarter's performance and the new capital expenditure budget into our valuation model, but we don't expect to make a material adjustment to our fair value estimate. |
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Sub7
Junior Poster
Joined: 18 Mar 2011
Posts: 20
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| Posted: Sun Mar 20, 2011 6:20 am Post subject: FedEx Corp. |
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FedEx Corp. – Weekly Chart
Last bar on this weekly chart is 13-Mar-2011
Usually swing traders are short to very short term kind of traders. Today we are going to make an exception. How about swinging over weekly charts? Lets take a look. Between July and mid August 2010 there was an entry point for a swing or a move if this term would make it easier to accept. This swing ended at the resistance level near 97.75 and which was confirmed afterward by breaking down a minor support at 90.01. By following this move we find that we had a negative slant divergence going over our indicator until FedEx hit that resistance in the 13th of Feb. 2011. Violation of Level 90 acted as a trigger for those swingers to exit their trade. Apart from the minor supports we have on our way down, the most important one is around level 71.33 . Good luck and Good trading.
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California
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| Posted: Thu Mar 17, 2011 8:11 am Post subject: |
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Part of the growth scare now seen to be humming right along. Expects japan quake to increase it business there.
http://online.wsj.com/article/BT-CO-20110317-708401.html
| Quote: | | The express-shipping segment--FedEx's biggest top-line contributor, saw revenue rise 11% as international-priority average daily volume increased 5%, led by exports from Asia and Europe. U.S. domestic revenue per package climbed 5% on higher fuel surcharges while average daily package volume was up 2%. |
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11735
Location: Los Angeles, California
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| Posted: Thu Sep 16, 2010 11:09 am Post subject: |
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Morningstar on FDX's fiscal 1Q earnings:
| Quote: | | FedEx FDX reported that first-quarter recovered volume and higher revenue per package at its express and ground segments boosted revenue 18% from the prior-year period, and consolidated operating margins improved from 3.9% to 6.6%. Consequently, net income more than doubled, and earnings per diluted share improved 107% to $1.20. The integrated shipping giant increased its full-year forecast by a modest amount and announced plans to combine the two segments of its freight trucking operations. Overall results were positive, excluding the still loss-making freight segment, but on the basis of our initial evaluation of FedEx's ample quarterly data, we are maintaining our fair value estimate, since our slight underestimate of revenue growth offsets our overestimate of profitability. Top-line growth was impressive, but we wouldn't be surprised if the Street failed to reward FedEx shares, given the uncertainty in freight and the express segment's improved but still modest 6% margins (first-quarter 2008 express margins were 8.8%). |
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California
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| Posted: Thu Jun 17, 2010 6:45 pm Post subject: |
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Dropped 5% while announcing taking 12 planes out of storage (at some serious expense).... All metrics improving while Call got all questions on europe. That's not bearish.
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rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California
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| Posted: Wed Jun 16, 2010 8:50 pm Post subject: |
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The "Great...." what?
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HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11735
Location: Los Angeles, California
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| Posted: Thu Apr 14, 2005 3:08 pm Post subject: Now decisively below its 200 DMA |
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| The Dow Transports took a huge haircut today and FDX is now decisively below its 200 DMA - something that has not happened since March 2003. |
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