First Data Corp to Post Q1 2018 Earnings of $0.21 Per Share, Northcoast Research Forecasts (FDC)

First Data Corp (NYSE:FDC) – Equities research analysts at Northcoast Research issued their Q1 2018 earnings estimates for shares of First Data in a research report issued on Tuesday. Northcoast Research analyst K. Mehta forecasts that the business services provider will earn $0.21 per share for the quarter. Northcoast Research also issued estimates for First Data’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.33 EPS.

First Data (NYSE:FDC) last issued its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. First Data had a net margin of 12.16% and a return on equity of 26.90%. First Data’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share.

FDC has been the subject of a number of other research reports. KeyCorp reissued a “buy” rating and issued a $20.00 price target on shares of First Data in a research note on Friday, October 27th. BMO Capital Markets raised shares of First Data from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $21.50 in a research note on Monday, November 20th. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Sanford C. Bernstein raised shares of First Data from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price target on shares of First Data in a research note on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.28.

First Data (NYSE:FDC) opened at $15.84 on Thursday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02. First Data has a 12 month low of $14.67 and a 12 month high of $19.23. The company has a market cap of $14,313.72, a P/E ratio of 10.22, a P/E/G ratio of 0.92 and a beta of 1.46.

In related news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the sale, the insider now directly owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in First Data by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after buying an additional 348 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in First Data by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,832 shares of the business services provider’s stock worth $561,000 after purchasing an additional 2,221 shares in the last quarter. HighTower Advisors LLC raised its holdings in First Data by 20.8% in the 2nd quarter. HighTower Advisors LLC now owns 15,572 shares of the business services provider’s stock worth $283,000 after purchasing an additional 2,677 shares in the last quarter. Advisor Group Inc. raised its holdings in First Data by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after purchasing an additional 2,964 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after purchasing an additional 3,250 shares in the last quarter. Institutional investors own 49.19% of the company’s stock.

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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.

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

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