Analysts predict that First Data (NYSE:FDC) will post $2.17 billion in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for First Data’s earnings, with estimates ranging from $1.97 billion to $2.24 billion. First Data posted sales of $1.85 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 17.3%. The business is scheduled to issue its next earnings results on Monday, August 6th.
On average, analysts expect that First Data will report full year sales of $8.65 billion for the current financial year, with estimates ranging from $7.89 billion to $8.85 billion. For the next fiscal year, analysts forecast that the company will report sales of $9.09 billion per share, with estimates ranging from $8.27 billion to $9.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for First Data.
First Data (NYSE:FDC) last posted its quarterly earnings data on Monday, April 30th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.98 billion. First Data had a return on equity of 23.21% and a net margin of 13.27%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share.
A number of equities analysts have recently commented on the company. SunTrust Banks lifted their price objective on First Data to $26.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. Raymond James assumed coverage on First Data in a research note on Friday, June 15th. They issued an “outperform” rating and a $23.00 price objective on the stock. BTIG Research lifted their price objective on First Data to $27.00 and gave the stock a “buy” rating in a research note on Friday, June 15th. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 price objective on shares of First Data in a research note on Wednesday, June 13th. Finally, Credit Suisse Group lifted their price objective on First Data from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 13th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.25.
Shares of First Data stock traded down $0.14 during trading on Friday, reaching $21.21. The company’s stock had a trading volume of 668,013 shares, compared to its average volume of 7,992,353. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $20.18 billion, a PE ratio of 16.56, a PEG ratio of 1.64 and a beta of 1.42. First Data has a one year low of $14.73 and a one year high of $22.14.
In other First Data news, insider Andrew Gelb sold 10,000 shares of First Data stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $18.40, for a total transaction of $184,000.00. Following the sale, the insider now directly owns 422,024 shares of the company’s stock, valued at $7,765,241.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Guy Chiarello sold 100,000 shares of First Data stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $19.42, for a total value of $1,942,000.00. Following the sale, the president now directly owns 1,406,923 shares in the company, valued at $27,322,444.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 300 shares of company stock worth $5,627 and have sold 166,412 shares worth $3,259,248. 5.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDC. Westside Investment Management Inc. acquired a new stake in First Data during the fourth quarter valued at approximately $103,000. Point72 Asia Hong Kong Ltd acquired a new stake in First Data during the first quarter valued at approximately $122,000. Pittenger & Anderson Inc. boosted its holdings in First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 3,250 shares in the last quarter. IBM Retirement Fund acquired a new stake in First Data during the first quarter valued at approximately $167,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of First Data in the 1st quarter worth approximately $185,000. 51.95% of the stock is currently owned by institutional investors.
First Data Company Profile
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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