FedEx Corp. (NYSE: FDX) reported its fiscal fourth-quarter financial results after the markets closed on Tuesday. As a result analysts poured into the company after it had a mixed report. However most of the views on this stock were fairly positive.

24/7 Wall St. has compiled some highlights from the earnings report as well as what some key analysts are saying after the fact.

The company said that it had $3.30 earnings per share (EPS) on $13.0 in revenue. There were consensus estimates from Thomson Reuters that called for $3.28 in EPS on $12.78 billion in revenue. The same period from last year had $2.66 in EPS on $12.11 billion in revenue.

In terms of guidance for fiscal 2017, the company expects to have EPS in the range of $11.75 to $12.25 versus the consensus estimate of $12.05 in EPS for the coming fiscal year. The outlook assumes continued moderate economic growth.

Capital spending for fiscal 2017 is expected to be approximately $5.1 billion, which includes ongoing expansion of the FedEx Ground network and planned aircraft deliveries to support the FedEx Express fleet modernization program. Investments in TNT Express are not included in this forecast.

For the fourth quarter, the company reported its segments as:

• Express reported revenues of $6.72 billion with an operating income of $757 million.
• Ground reported revenues of $4.29 billion with an operating income of $656 million.
• Freight reported revenues of $1.61 billion with an operating income of $137 million.

Frederick W. Smith, FedEx Corp. Chairman, President and CEO, commented:

Fiscal 2016 was a successful year for FedEx in many ways. Of particular note was our corporate operating margin improvement. Our May 25 acquisition of TNT Express capped a historic year of significant accomplishments that benefited shareowners, team members and customers, and strongly positions FedEx for long-term profitable growth.

Several analysts weighed in on FedEx after the earnings report:

• Credit Suisse reiterated a Buy rating
• Oppenheimer reiterated a Buy rating
• Robert Baird reiterated a Buy rating
• Deutsche Bank reiterated a Buy rating with a $198 price target
• Sanford Bernstein reiterated a Market Perform rating with a $154 price target
• Citigroup reiterated a Buy rating with a $200 price target
• Stifel reiterated a Buy rating with a $179 price target
• RBC Capital reiterated a Sector Perform rating with a $179 price target

Shares of FedEx were last trading down 3.6% at $152.26, with a consensus analyst price target of $181.57 and a 52-week trading range of $119.71 to $174.11.

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