Zacks: Brokerages Expect First Data Corp (FDC) Will Announce Earnings of $0.26 Per Share

Equities analysts expect First Data Corp (NYSE:FDC) to report $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for First Data’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.24. First Data reported earnings per share of $0.28 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The business is scheduled to report 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 financial year, with EPS estimates ranging from $1.35 to $1.44. For the next fiscal year, analysts forecast that the business will report earnings of $1.55 per share, with EPS estimates ranging from $1.47 to $1.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover First Data.

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First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis.

FDC has been the subject of a number of analyst reports. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 price target on shares of First Data in a research report on Monday, February 12th. BMO Capital Markets boosted their price target on First Data from $21.50 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Zacks Investment Research lowered First Data from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, ValuEngine lowered First Data from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.40.

Institutional investors and hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. bought a new stake in shares of First Data in the 4th quarter worth $103,000. Macquarie Group Ltd. bought a new stake in shares of First Data in the 3rd quarter worth $117,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of First Data by 254.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after buying an additional 5,173 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in shares of First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after buying an additional 3,250 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of First Data in the 4th quarter worth $131,000. 49.51% of the stock is currently owned by institutional investors.

Shares of FDC stock opened at $15.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.98. First Data has a 1 year low of $14.74 and a 1 year high of $19.23. The firm has a market cap of $14,022.94, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44.

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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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Earnings History and Estimates for First Data (NYSE:FDC)

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