First Data (FDC) Updates FY19 Earnings Guidance

First Data (NYSE:FDC) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.55-1.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.58. First Data also updated its FY 2019 guidance to $1.55-1.58 EPS.

Shares of FDC stock traded down $0.28 during mid-day trading on Wednesday, reaching $25.15. 8,437,598 shares of the stock traded hands, compared to its average volume of 23,042,645. First Data has a 1-year low of $14.73 and a 1-year high of $26.62. The firm has a market capitalization of $23.83 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.35 and a beta of 2.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47.

First Data (NYSE:FDC) last announced its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. First Data had a return on equity of 19.33% and a net margin of 17.48%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that First Data will post 1.2 earnings per share for the current fiscal year.

A number of analysts have recently commented on FDC shares. Craig Hallum cut their price target on First Data from $35.00 to $27.00 and set a fair value rating on the stock in a research note on Thursday, January 17th. KeyCorp cut their price target on First Data from $25.00 to $20.00 and set an overweight rating on the stock in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. Piper Jaffray Companies lowered First Data from an overweight rating to a neutral rating in a research note on Wednesday. ValuEngine raised First Data from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Finally, Barclays lowered First Data from an overweight rating to an equal weight rating and cut their price target for the company from $24.00 to $23.00 in a research note on Tuesday, January 22nd. Sixteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. First Data has a consensus rating of Hold and an average price target of $24.79.

In other First Data news, insider Barry C. Mccarthy sold 113,515 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $19.13, for a total value of $2,171,541.95. Following the transaction, the insider now directly owns 368,571 shares of the company’s stock, valued at $7,050,763.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cynthia A. Armine-Klein sold 99,510 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $19.00, for a total value of $1,890,690.00. Following the completion of the transaction, the insider now directly owns 662,767 shares in the company, valued at $12,592,573. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: “First Data (FDC) Updates FY19 Earnings Guidance” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2019/02/06/first-data-fdc-updates-fy19-earnings-guidance.html.

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.

Read More: Momentum Indicator: Relative Strength Index

Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply