FedEx Freight will be spun off into new company [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: Yahoo! Finance
The separation is expected to be completed in the next 18 months. “This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market,” said Raj Subramaniam, FedEx Corp. president and chief executive officer in a news release. “This announcement is a testament to the strength of the business our team has built, and to our dedication to doing what's best for our customers, our team members, and our stockholders. Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders.” FedEx Freight, which handles bulk cargo shipping, reported fiscal year 2024 revenue of $9.4 billion. The company says it is the largest LTL carrier with the broadest network and fastest transit times in its industry. FedEx revenue totaled $78.3 billion across its remaining business segments. FedEx confirms ‘small number' of layoffs The company is headquartered in Memphis, which is home to its World Hu
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FDX
News
- FedEx Q2 Earnings Surpass Estimates, Revenues Lag, View Revised [Yahoo! Finance]Yahoo! Finance
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Raymond James from $305.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at BMO Capital Markets from $300.00 to $330.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target lowered by analysts at Stephens from $350.00 to $345.00. They now have an "overweight" rating on the stock.MarketBeat
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Bank of America Co. from $325.00 to $348.00. They now have a "buy" rating on the stock.MarketBeat
FDX
Earnings
- 12/19/24 - Beat
FDX
Sec Filings
- 12/19/24 - Form IRANNOTICE
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- FDX's page on the SEC website