FedEx Sees Growth Ahead
FedEx (NYSE: FDX) has had a good year, and the package delivery company's recent second-quarter 2018 results served notice that its strategic plans are on track. In addition, FedEx would be a major beneficiary of President Donald Trump's planned Tax Cuts and Jobs Act of 2017 -- management intimated that its earnings would get a boost -- and the expected increase in GDP growth will likely lead to the company boosting capital spending and hiring. There's a lot of new news in FedEx's earnings report, so let's take a closer look at what happened.
As you can see, each major segment expanded operating income margin and grew income more than revenue.
FedEx Segment
Source: Fool.com
Fedex Corp. Stock
€248.45
0.440%
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With a target price of 281 € there is a slightly positive potential of 13.1% for Fedex Corp. compared to the current price of 248.45 €.
