First Data (NYSE:FDC) announced its earnings results on Monday. The business services provider reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44, Bloomberg Earnings reports. First Data had a net margin of 12.16% and a return on equity of 26.90%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. First Data updated its FY18 guidance to $1.35-1.40 EPS.
First Data (NYSE:FDC) opened at $15.50 on Wednesday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data has a 1 year low of $14.67 and a 1 year high of $19.23. The company has a market cap of $15,070.96, a P/E ratio of 10.00, a PEG ratio of 0.96 and a beta of 1.46.
In other news, insider Andrew Gelb sold 7,473 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the transaction, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 300 shares of company stock valued at $5,124 over the last 90 days. 6.30% of the stock is owned by company insiders.
A number of analysts recently issued reports on FDC shares. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and set a $26.00 price objective on shares of First Data in a report on Thursday, January 18th. SunTrust Banks restated a “buy” rating on shares of First Data in a report on Friday, October 20th. Finally, Barclays restated a “buy” rating and set a $24.00 price objective on shares of First Data in a report on Tuesday, December 5th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. First Data currently has a consensus rating of “Buy” and a consensus price target of $20.23.
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First Data Company Profile
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.
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