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Fedex Corporation  (FDX)
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Fedex Corporation

FDX's Financial Statements and Analysis



Fedex Corporation reported in the second quarter of 2024 net earnings per share of $3.55 an increase by 15.64 % year on year from $3.07 and decline of -16.08 % from $4.23 earned in I. Quarter (Aug 31 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 3.55 $  22,165 Mill
$+0.48     +15.64 % $-649M     -2.84 %



Fedex's Revenue fell by -2.84 % in second quarter of 2024 (Nov 30 2023) year on year, to $22,165 million and advanced by 2.23 % sequentially.


Fedex is

More on FDX's Income Statement



Fedex's net income of $900.000 million in the second quarter of 2024 increased by 14.21 % from net earnings of $788.000 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -16.51 % from net income of $1,078.000 million realized in previous quarter.

More on FDX's Growth




Fedex Inventories
In Nov 30 2023 company's net cash and cash equivalents decreased by $-326 million, capital expenditures grew by -1858-29.76%, to $-1,305 millions compare to same quarter a year ago

More on FDX's Cash flow Statement


Fedex Corporation payed out dividend of $4.79 per share in last 52 weeks representing 28.28 % of net earning per share in trailing twelve-month period.

During the same period Fedex Corporation earned $ 38.37 cash per share, on a free-cash flow basis 226.49 % of net earning per share.

Book value grew by 1.40 % sequentially to $105.58 per share, 68.64% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 80.06 per share from $ 78.92.

Company repurchased 1.33 million shares or 0.52 % in Nov 30 2023.
Interest Coverage Ratio was 6.02. Debt Coverage Ratio was 0.34.

More on FDX's Dividends

 Market Capitalization (Millions) 64,186
 Shares Outstanding (Millions) 254
 Total Debt (Millions $) 20,527
 Revenue (TTM) (Millions $) 87,945
 Net Income (TTM) (Millions $) 4,287
 Cash Flow (TTM) (Millions $) 2,083
 Capital Exp. (TTM) (Millions $) -5,627
 Dividend TTM ($) 4.79 $
 Dividend Yield TTM (%) 1.99 %
 Employees (TTM) $ 249,000




Fedex Corporation payed out dividend of $4.79 per share in the last 52 weeks representing 28.28 % of net earning per share in trailing twelve-month period.

During the same period Fedex Corporation had $ 38.37 cash flow per share, on a free-cash flow basis 226.49 % of net earning per share.

Book value grew by 1.40 % sequentially to $105.58 per share, 68.64% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 80.06 per share from $ 78.92.

Company repurchased 1.33 million shares or 0.52 % in Nov 30 2023.
Interest Coverage Ratio was 6.02. Debt Coverage Ratio was 0.34.

More on FDX's Balance Sheets

 Market Capitalization (Millions) 64,186
 Shares Outstanding (Millions) 254
 Total Debt (Millions $) 20,527
 Revenue (TTM) (Millions $) 87,945
 Net Income (TTM) (Millions $) 4,287
 Cash Flow (TTM) (Millions $) 2,083
 Capital Exp. (TTM) (Millions $) -5,627
 Dividend TTM ($) 4.79 $
 Dividend Yield TTM (%) 1.99 %
 Employees (TTM) $ 249,000
   


  News about Fedex Corporation Earnings

Fedex Corporation's Financial Performance in Q2 2024: Earnings per Share Increase Despite Revenue Dip

Fedex Corporation: An Overview of Recent Financial Performance
Fedex Corporation, a globally renowned transportation, e-commerce, and business services provider, recently reported its financial results for the second quarter of 2024. While the company experienced a decline in revenue during this period, it managed to raise its earnings per share. This article will delve into the specifics of these financials, highlighting important figures and milestones achieved by Fedex Corporation.
In the second quarter of 2024, Fedex Corporation saw its income grow by an impressive 15.64% to $3.55 per share. However, revenue experienced a slight decrease of -2.845% to $22.17 billion, year-on-year. Comparing these...

Boosts earnings by 27.03% despite revenue setback of -6.716%

Fedex Corporation, t...

FedEx Corporation Skyrockets with a Stellar 184.42% Profit Surge in Fiscal Fourth Quarter of 2023, Despite Revenue Drop!

During the past 5 trading days, FedEx Corporation shares have experienced a decline of -1.42%. While this may cause concern for some investors, it is important to consider the company's year to date performance, which stands at an impressive 43.7% increase. Additionally, it is worth noting that FedEx shares are only 3.1% short of the 52-week high, indicating that there is still potential for growth.
Taking a closer look at the company's financial performance in the fourth quarter of 2023, we see that earnings per share (EPS) witnessed a significant advance of 184.42%, reaching $6.11 per share. However, there was a decrease in revenue of -10.101% to $21.93 billion compared to the previous year. Despite th...


Date modified: 2023-12-21T15:08:59+00:00





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