UPS Jul 2024 130.000 put
- Reuters
FedEx climbs on cheery annual profit forecast, freight business review
On Tuesday, the company projected fiscal 2025 earnings of $20 to $22 per share - the midpoint of which was slightly above analysts' estimates - as cost cuts rolled out to tackle a slump in freight demand are set to yield $2.2 billion in savings. The company is also mulling whether to keep or sell its FedEx Freight trucking business that generated revenue of $2.3 billion in the latest quarter. "It seems that the transformation at FedEx is building momentum and the strategic announcement with Freight should not be underestimated," J.P. Morgan analyst Brian Ossenbeck said, upgrading the stock to "overweight" from "neutral" and raising his price target to a Street high of $359.
- Barrons.com
FedEx Earnings Were a Nice Surprise. The Stock Pops.
The logistics company reported a profit of $5.41 a share from sales of $22.1 billion. Wall Street was looking for EPS of $5.34 from sales of $22 billion.
- Insider Monkey
Did United Parcel Service, Inc. (UPS) Exceed Expectations in Q1?
We recently compiled a list of the 10 Best Logistics Stocks to Buy Now. In this article, we are going to take a look at where United Parcel Service, Inc. (NYSE:UPS) stands against the other logistics stocks. You can also check out the 20 Biggest Logistics Companies in the US here. The logistics industry is […]
