Equities analysts expect First Data Corp (NYSE:FDC) to report earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for First Data’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.40. First Data reported earnings of $0.39 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is scheduled to issue its next earnings results on Monday, July 29th.

According to Zacks, analysts expect that First Data will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.56 to $1.62. For the next fiscal year, analysts anticipate that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.75 to $1.88. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover First Data.

First Data (NYSE:FDC) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. First Data had a net margin of 11.26% and a return on equity of 18.04%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis.

A number of equities research analysts recently weighed in on FDC shares. BMO Capital Markets lifted their price objective on shares of First Data from $25.64 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Zacks Investment Research cut shares of First Data from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Twenty research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.19.

In other First Data news, President Guy Chiarello sold 203,647 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.85, for a total transaction of $5,264,274.95. Following the sale, the president now owns 1,324,235 shares in the company, valued at approximately $34,231,474.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew Gelb sold 38,625 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.90, for a total value of $1,000,387.50. Following the sale, the insider now owns 432,951 shares in the company, valued at approximately $11,213,430.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 493,091 shares of company stock worth $12,813,244. Corporate insiders own 4.87% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Investors Research Corp purchased a new position in First Data during the 1st quarter valued at about $39,000. Penserra Capital Management LLC purchased a new position in First Data during the 4th quarter valued at about $86,000. Signaturefd LLC grew its stake in First Data by 116.6% during the 1st quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 2,000 shares in the last quarter. Bremer Bank National Association purchased a new position in First Data during the 1st quarter valued at about $98,000. Finally, Macquarie Group Ltd. purchased a new position in First Data during the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 53.47% of the company’s stock.

Shares of NYSE FDC traded down $0.05 during midday trading on Friday, reaching $26.63. 116,685 shares of the company traded hands, compared to its average volume of 4,973,500. First Data has a 52 week low of $15.52 and a 52 week high of $27.15. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.27. The stock has a market cap of $25.16 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.60 and a beta of 2.01.

First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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

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