First Data Corporation (FDC) to Release Quarterly Earnings on Monday
First Data Corporation (NYSE:FDC) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect First Data Corporation to post $1.53 EPS for the current fiscal year and $1.66 EPS for the next fiscal year.
First Data Corporation (FDC) traded up 0.21% during mid-day trading on Monday, hitting $19.12. 1,257,977 shares of the company were exchanged. First Data Corporation has a 12-month low of $13.01 and a 12-month high of $19.23. The stock’s 50 day moving average is $18.12 and its 200-day moving average is $17.56. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 31.97 and a beta of 1.73.
In other news, insider Thomas Joseph Higgins sold 31,718 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $18.15, for a total value of $575,681.70. Following the completion of the sale, the insider now directly owns 347,493 shares of the company’s stock, valued at approximately $6,306,997.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Barry C. Mccarthy sold 81,858 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the transaction, the insider now owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 340,317 shares of company stock valued at $6,141,554 and sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.
FDC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 target price on shares of First Data Corporation in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, July 21st. Piper Jaffray Companies restated an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. Barclays PLC boosted their target price on shares of First Data Corporation from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $19.42.
First Data Corporation Company Profile
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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