Brokerages expect that First Data Corp (NYSE:FDC) will post $1.93 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for First Data’s earnings. The highest sales estimate is $1.97 billion and the lowest is $1.90 billion. First Data posted sales of $1.83 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is expected to issue its next earnings results before the market opens on Monday, February 12th.
According to Zacks, analysts expect that First Data will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.37 billion to $7.44 billion. For the next year, analysts anticipate that the firm will report sales of $7.85 billion per share, with estimates ranging from $7.77 billion to $7.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover First Data.
First Data (NYSE:FDC) last announced its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.
In related news, CEO Frank Bisignano bought 25,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the purchase, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The disclosure for this sale can be found here. Insiders bought 25,300 shares of company stock worth $425,624 in the last 90 days. Company insiders own 6.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FDC. Advisor Group Inc. boosted its stake in shares of First Data by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of First Data in the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of First Data by 254.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after buying an additional 5,173 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of First Data in the fourth quarter worth about $131,000. Finally, First Manhattan Co. boosted its stake in shares of First Data by 200.0% in the third quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock worth $135,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 49.22% of the company’s stock.
First Data (NYSE FDC) opened at $16.30 on Tuesday. First Data has a one year low of $14.67 and a one year high of $19.23. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $15,050.00 and a price-to-earnings ratio of 21.45.
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About First Data
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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