Analysts Anticipate First Data Corporation (FDC) Will Post Earnings of $0.34 Per Share
Equities analysts predict that First Data Corporation (NYSE:FDC) will post earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for First Data Corporation’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. First Data Corporation posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year over year growth rate of 17.2%. The business is scheduled to report its next earnings report before the market opens on Monday, August 7th.
On average, analysts expect that First Data Corporation will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.26 to $1.34. For the next year, analysts expect that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.21 to $1.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for First Data Corporation.
First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. First Data Corporation had a return on equity of 26.15% and a net margin of 4.41%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.
Several analysts have recently weighed in on the company. Atlantic Securities restated a “neutral” rating and issued a $17.00 price objective on shares of First Data Corporation in a report on Wednesday, April 12th. FIX assumed coverage on First Data Corporation in a report on Thursday, May 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $19.00 price objective (up previously from $18.00) on shares of First Data Corporation in a report on Wednesday, May 10th. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, July 21st. Finally, ValuEngine lowered First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. First Data Corporation presently has an average rating of “Buy” and a consensus price target of $18.44.
In related news, insider Matthew Cagwin sold 8,195 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $16.42, for a total transaction of $134,561.90. Following the transaction, the insider now directly owns 85,007 shares of the company’s stock, valued at $1,395,814.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of FDC. Tower Research Capital LLC TRC boosted its stake in shares of First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after buying an additional 6,153 shares during the last quarter. Independent Portfolio Consultants Inc. acquired a new stake in shares of First Data Corporation during the first quarter valued at approximately $106,000. Nordea Investment Management AB boosted its stake in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after buying an additional 632 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of First Data Corporation by 79.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,700 shares of the business services provider’s stock valued at $119,000 after buying an additional 3,400 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock valued at $124,000 after buying an additional 616 shares during the last quarter. 36.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of First Data Corporation (NYSE:FDC) traded down 1.319% on Monday, hitting $18.335. The stock had a trading volume of 5,347,396 shares. The firm has a market cap of $16.85 billion, a P/E ratio of 33.096 and a beta of 1.77. The company’s 50-day moving average price is $18.48 and its 200 day moving average price is $16.63. First Data Corporation has a 12-month low of $12.71 and a 12-month high of $19.20.
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About First Data Corporation
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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