Q1 2018 EPS Estimates for First Data Corp Decreased by KeyCorp (FDC)
First Data Corp (NYSE:FDC) – Equities researchers at KeyCorp lowered their Q1 2018 EPS estimates for First Data in a report issued on Monday. KeyCorp analyst J. Beck now forecasts that the business services provider will earn $0.19 per share for the quarter, down from their prior estimate of $0.21. KeyCorp has a “Buy” rating and a $20.00 price objective on the stock. KeyCorp also issued estimates for First Data’s Q4 2018 earnings at $0.36 EPS.
Several other research firms have also recently issued reports on FDC. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $17.00 price target on shares of First Data in a report on Monday, February 12th. BMO Capital Markets upped their price target on shares of First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Tuesday. SunTrust Banks cut their price target on shares of First Data to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Bank of America raised shares of First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.28.
First Data (NYSE:FDC) last posted its earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.11 billion. First Data had a net margin of 12.16% and a return on equity of 26.90%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its position in shares of First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after acquiring an additional 2,964 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of First Data during the fourth quarter worth about $103,000. Macquarie Group Ltd. bought a new position in shares of First Data during the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after acquiring an additional 5,173 shares during the last quarter. Finally, Pittenger & Anderson Inc. grew its position in shares of First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after acquiring an additional 3,250 shares during the last quarter. Hedge funds and other institutional investors own 49.19% of the company’s stock.
In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at $7,150,202.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.
About First Data
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.