First Data Corporation (NYSE:FDC) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect First Data Corporation to post earnings of $0.40 per share for the quarter.
First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the 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 company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect First Data Corporation to post $1.31 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
First Data Corporation (NYSE FDC) opened at 18.97 on Friday. The firm has a 50 day moving average of $18.17 and a 200 day moving average of $17.66. First Data Corporation has a one year low of $13.01 and a one year high of $19.23. The firm has a market capitalization of $17.51 billion, a PE ratio of 31.72 and a beta of 1.73.
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In related news, insider Jeff Shanahan acquired 77,453 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the acquisition, the insider now owns 1,160,964 shares in the company, valued at approximately $20,943,790.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia A. Armine-Klein sold 28,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the completion of the sale, the insider now directly owns 596,052 shares of the company’s stock, valued at approximately $10,693,172.88. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 340,317 shares of company stock valued at $6,141,554 and have sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.
A number of analysts have recently commented on FDC shares. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Friday, July 21st. Credit Suisse Group reaffirmed an “outperform” rating on shares of First Data Corporation in a research note on Tuesday, September 5th. ValuEngine cut First Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price target on shares of First Data Corporation in a research note on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $20.00 price target on shares of First Data Corporation in a research note on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. First Data Corporation has a consensus rating of “Buy” and a consensus target price of $19.52.
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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