FedEx Logistics expands worldwide operations with a new office in South Korea

  • FedEx Logistics, a subsidiary of FedEx Corp. (NYSE:FDX), inaugurated a new office in Seoul, South Korea, in the latest expansion of its worldwide network.
  • The new FedEx Logistics Korean organization will provide one-source, end-to-end logistics solutions.
  • The opening follows FedEx 's latest growth strategy to expand into economies with great potential and reinforces its continued commitment to delivering best-in-class services.
  • 'The new office in Korea complements our global operations, strengthening our position to better serve our customers around the world," said Patrick Moebel, President of FedEx Trade Networks.

    Over the current book year the total revenue from the company in Memphis will be 90.96 billion USD (consensus estimates). This is slightly more than 2021's revenue of 83.96 billion USD.

    Historical revenues and results FedEx plus estimates 2021


    The analysts expect for 2021 a net profit of 5.36 billion USD. The majority of the analysts expects for this year a profit per share of 19.78 USD. With this the price/earnings-ratio is 11.34.

    For this year most of the analysts expect a dividend of 2.99 USD per share. Thus the dividend yield equals 1.33 percent. The average dividend yield of the transport companies is a good 1.6 percent.

    Based on the current number of shares FedEx 's market capitalization equals 58.75 billion USD. -13

    On Tuesday the stock closed at 224.27 USD.

    Historical stock prices FedEx

    financial analysis fedex News Wire & Equity Research: +31 084-0032-842

    Copyright B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.