Brokerages expect that First Data Corp (NYSE:FDC) will post $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for First Data’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.28. First Data reported earnings of $0.28 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Monday, April 30th.
According to Zacks, analysts expect that First Data will report full year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.44. For the next fiscal year, analysts forecast that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.47 to $1.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Data.
First Data (NYSE:FDC) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. First Data had a return on equity of 24.96% and a net margin of 12.16%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in FDC. Jana Partners LLC lifted its stake in shares of First Data by 35.2% in the third quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock worth $181,580,000 after acquiring an additional 2,623,313 shares in the last quarter. Deutsche Bank AG lifted its position in First Data by 296.8% during the 4th quarter. Deutsche Bank AG now owns 3,336,403 shares of the business services provider’s stock worth $55,749,000 after buying an additional 2,495,618 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in First Data by 31.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 8,905,329 shares of the business services provider’s stock worth $148,808,000 after buying an additional 2,147,260 shares in the last quarter. Wells Fargo & Company MN lifted its position in First Data by 166.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,225,949 shares of the business services provider’s stock worth $53,905,000 after buying an additional 2,014,449 shares in the last quarter. Finally, BlackRock Inc. lifted its position in First Data by 8.6% during the 4th quarter. BlackRock Inc. now owns 22,617,758 shares of the business services provider’s stock worth $377,942,000 after buying an additional 1,784,859 shares in the last quarter. Institutional investors and hedge funds own 49.51% of the company’s stock.
FDC stock traded down $0.10 during trading on Friday, reaching $15.12. 3,356,988 shares of the stock traded hands, compared to its average volume of 7,720,726. First Data has a 52-week low of $14.89 and a 52-week high of $19.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98. The company has a market cap of $14,097.04, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45.
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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