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.
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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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