First Data (NYSE:FDC) will issue its quarterly earnings data before the market opens on Monday, October 29th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. First Data has set its FY18 guidance at $1.42-1.47 EPS.
First Data (NYSE:FDC) last released its quarterly earnings data on Monday, July 30th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.20 billion. First Data had a net margin of 15.39% and a return on equity of 21.88%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. On average, analysts expect First Data to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:FDC opened at $23.41 on Monday. The stock has a market cap of $21.86 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.56. First Data has a 52 week low of $14.73 and a 52 week high of $26.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.77.
FDC has been the subject of a number of analyst reports. Goldman Sachs Group raised their price objective on shares of First Data to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of First Data from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, August 7th. Atlantic Securities upgraded shares of First Data from a “neutral” rating to an “overweight” rating in a research report on Friday, August 17th. Wedbush increased their target price on shares of First Data from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Finally, Morgan Stanley increased their target price on shares of First Data from $20.00 to $22.00 and gave the stock a “$22.60” rating in a research report on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.25.
In other First Data news, insider Jeff Shanahan sold 115,229 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $23.94, for a total value of $2,758,582.26. Following the completion of the sale, the insider now owns 256,100 shares in the company, valued at approximately $6,131,034. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Guy Chiarello sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $25.06, for a total transaction of $3,759,000.00. Following the completion of the sale, the president now owns 1,408,272 shares of the company’s stock, valued at approximately $35,291,296.32. The disclosure for this sale can be found here. Insiders have sold a total of 416,432 shares of company stock valued at $10,415,596 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.
About First Data
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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