First Data Corporation Expected to Post Q1 2018 Earnings of $0.27 Per Share (FDC)

First Data Corporation (NYSE:FDC) – Investment analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of First Data Corporation in a research note issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst A. Jeffrey expects that the business services provider will post earnings of $0.27 per share for the quarter. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for First Data Corporation’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.39 EPS.

Other equities analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of First Data Corporation in a research note on Thursday, August 24th. BidaskClub raised shares of First Data Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Craig Hallum reissued a “buy” rating and issued a $25.00 price target (up from $20.00) on shares of First Data Corporation in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $22.00 price target on shares of First Data Corporation in a research note on Wednesday, July 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. First Data Corporation presently has a consensus rating of “Buy” and an average price target of $19.55.

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Shares of First Data Corporation (FDC) traded up $0.32 during mid-day trading on Thursday, reaching $17.07. 4,473,300 shares of the company’s stock were exchanged, compared to its average volume of 7,501,715. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data Corporation has a one year low of $13.96 and a one year high of $19.23. The stock has a market capitalization of $15,763.56, a P/E ratio of 13.55, a PEG ratio of 1.15 and a beta of 1.69.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The company 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 firm earned $0.34 earnings per share. First Data Corporation’s quarterly revenue was up 4.8% compared to the same quarter last year.

In other news, insider Jeff Shanahan purchased 118,135 shares of the stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $17.81 per share, for a total transaction of $2,103,984.35. Following the acquisition, the insider now directly owns 1,122,038 shares of the company’s stock, valued at approximately $19,983,496.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Bisignano purchased 25,000 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $16.82 per share, with a total value of $420,500.00. Following the acquisition, the chief executive officer now directly owns 7,107,398 shares in the company, valued at $119,546,434.36. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 365,317 shares of company stock valued at $6,562,054 and have sold 151,830 shares valued at $2,754,035. Insiders own 6.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDC. PNC Financial Services Group Inc. boosted its holdings in shares of First Data Corporation by 2.0% in 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 in the last quarter. Comerica Bank boosted its holdings in shares of First Data Corporation by 3.1% in the 1st quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock valued at $202,000 after buying an additional 391 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after buying an additional 452 shares in the last quarter. HL Financial Services LLC boosted its holdings in shares of First Data Corporation by 3.5% in the 2nd quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock valued at $327,000 after buying an additional 600 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its holdings in shares of First Data Corporation by 4.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 16,538 shares of the business services provider’s stock valued at $300,000 after buying an additional 691 shares in the last quarter. Institutional investors own 40.37% of the company’s stock.

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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