$0.31 Earnings Per Share Expected for First Data Corp (FDC) This Quarter

Equities analysts expect First Data Corp (NYSE:FDC) to post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for First Data’s earnings, with estimates ranging from $0.29 to $0.33. First Data posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 30th.

On average, analysts expect that First Data will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.60. For the next year, analysts forecast that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.73 to $1.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow First Data.

First Data (NYSE:FDC) last released its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.06. First Data had a net margin of 10.58% and a return on equity of 18.14%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

A number of equities analysts have recently commented on FDC shares. KeyCorp dropped their price target on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. ValuEngine raised shares of First Data from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Stephens lowered shares of First Data from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Thursday, January 3rd. Mizuho reissued a “buy” rating and issued a $21.00 price target on shares of First Data in a research report on Thursday, January 3rd. Finally, SunTrust Banks reissued a “buy” rating on shares of First Data in a research report on Monday, January 7th. Twenty equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. First Data currently has a consensus rating of “Hold” and an average target price of $25.17.

In other First Data news, EVP John F. Whorley, Jr. sold 38,512 shares of First Data stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.90, for a total transaction of $997,460.80. Following the sale, the executive vice president now owns 188,289 shares in the company, valued at $4,876,685.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Guy Chiarello sold 203,647 shares of First Data stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 375,384 shares of company stock worth $9,680,575 in the last quarter. Corporate insiders own 4.87% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in First Data by 18.9% during the third quarter. Vanguard Group Inc now owns 46,971,246 shares of the business services provider’s stock worth $1,149,387,000 after buying an additional 7,465,388 shares in the last quarter. FMR LLC boosted its stake in First Data by 20.2% during the fourth quarter. FMR LLC now owns 22,997,206 shares of the business services provider’s stock worth $388,883,000 after buying an additional 3,869,263 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in First Data by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 12,192,568 shares of the business services provider’s stock worth $298,352,000 after buying an additional 1,536,267 shares in the last quarter. Nomura Holdings Inc. boosted its stake in First Data by 4.1% during the fourth quarter. Nomura Holdings Inc. now owns 10,455,181 shares of the business services provider’s stock worth $176,028,000 after buying an additional 413,390 shares in the last quarter. Finally, Sound Shore Management Inc. CT boosted its stake in First Data by 7.8% during the fourth quarter. Sound Shore Management Inc. CT now owns 9,765,897 shares of the business services provider’s stock worth $165,141,000 after buying an additional 704,684 shares in the last quarter. Hedge funds and other institutional investors own 56.53% of the company’s stock.

Shares of NYSE:FDC traded down $0.39 during trading on Tuesday, reaching $25.21. The stock had a trading volume of 9,715,875 shares, compared to its average volume of 8,851,441. First Data has a 52 week low of $15.17 and a 52 week high of $27.15. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 1.34 and a beta of 2.28. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36.

About First Data

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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