Wall Street brokerages expect that First Data Corporation (NYSE:FDC) will report sales of $1.90 billion for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for First Data Corporation’s earnings, with estimates ranging from $1.87 billion to $1.94 billion. First Data Corporation posted sales of $1.82 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The firm is scheduled to report its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that First Data Corporation will report full-year sales of $1.90 billion for the current year, with estimates ranging from $7.35 billion to $7.53 billion. For the next fiscal year, analysts expect that the company will post sales of $7.83 billion per share, with estimates ranging from $7.67 billion to $7.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for First Data Corporation.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS.

A number of equities analysts recently issued reports on the company. Piper Jaffray Companies reissued an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Morgan Stanley raised their price target on First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. BidaskClub lowered First Data Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Craig Hallum reissued a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Finally, Wedbush reissued a “neutral” rating and set a $20.00 price target (up previously from $15.00) on shares of First Data Corporation in a report on Tuesday, June 6th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. First Data Corporation has a consensus rating of “Buy” and a consensus price target of $18.91.

First Data Corporation (NYSE:FDC) opened at 17.85 on Friday. The firm has a market cap of $16.48 billion, a PE ratio of 29.86 and a beta of 1.77. The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $17.13. First Data Corporation has a one year low of $12.74 and a one year high of $19.20.

In related news, insider Jeff Shanahan purchased 77,453 shares of First Data Corporation stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $18.04 per share, for a total transaction of $1,397,252.12. Following the transaction, the insider now owns 1,160,964 shares in the company, valued at $20,943,790.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher M. Foskett sold 10,254 shares of First Data Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $18.40, for a total transaction of $188,673.60. Following the sale, the insider now owns 430,294 shares of the company’s stock, valued at $7,917,409.60. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 340,217 shares of company stock valued at $6,139,786. Insiders own 6.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of FDC. Pacer Advisors Inc. lifted its position in shares of First Data Corporation by 8.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares during the period. Advisor Group Inc. lifted its position in shares of First Data Corporation by 113.3% during the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 2,964 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of First Data Corporation by 1,276.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 6,153 shares during the period. Nordea Investment Management AB lifted its position in shares of First Data Corporation by 9.0% during the 1st quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 632 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of First Data Corporation during the 2nd quarter valued at approximately $135,000. Institutional investors own 39.11% of the company’s stock.

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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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Earnings History and Estimates for First Data Corporation (NYSE:FDC)

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