Equities research analysts predict that First Data Corp (NYSE:FDC) will post earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for First Data’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. First Data reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The business is expected to announce its next earnings results on Monday, July 29th.
On average, analysts expect that First Data will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.62. For the next financial year, analysts anticipate that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.75 to $1.88. Zacks’ EPS calculations are an average based on a survey of analysts that follow First Data.
First Data (NYSE:FDC) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. First Data had a return on equity of 18.04% and a net margin of 11.26%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share.
Several research analysts have commented on FDC shares. BMO Capital Markets raised their price objective on First Data from $25.64 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, May 13th. Nineteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.12.
In other First Data news, insider Michael K. Neborak sold 6,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total value of $154,560.00. Following the sale, the insider now directly owns 351,087 shares in the company, valued at $9,044,001.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael K. Neborak sold 111,707 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $26.66, for a total transaction of $2,978,108.62. Following the sale, the insider now owns 434,723 shares in the company, valued at $11,589,715.18. The disclosure for this sale can be found here. 4.87% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp purchased a new position in First Data in the 1st quarter worth about $39,000. Signaturefd LLC grew its stake in shares of First Data by 116.6% during the 1st quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 2,000 shares during the period. Bremer Bank National Association bought a new position in shares of First Data during the 1st quarter valued at approximately $98,000. Financial Management Professionals Inc. bought a new position in shares of First Data during the 1st quarter valued at approximately $129,000. Finally, Macquarie Group Ltd. bought a new position in First Data in the 4th quarter worth approximately $114,000. 53.21% of the stock is owned by institutional investors and hedge funds.
Shares of FDC traded down $0.22 during trading hours on Monday, hitting $27.96. The stock had a trading volume of 81,969 shares, compared to its average volume of 4,740,610. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.69 and a beta of 1.93. The stock has a fifty day simple moving average of $26.52. First Data has a 12-month low of $15.52 and a 12-month high of $28.19.
First Data Company Profile
First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.
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