Equities analysts predict that First Data Corp (NYSE:FDC) will announce sales of $1.85 billion for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for First Data’s earnings, with estimates ranging from $1.82 billion to $1.88 billion. First Data posted sales of $1.73 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The company is expected to issue its next earnings report before the market opens on Monday, April 30th.
On average, analysts expect that First Data will report full-year sales of $7.90 billion for the current financial year, with estimates ranging from $7.84 billion to $7.97 billion. For the next financial year, analysts expect that the business will report sales of $8.27 billion per share, with estimates ranging from $8.21 billion to $8.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for First Data.
First Data (NYSE:FDC) last released its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.
FDC has been the subject of several recent analyst reports. Bank of America raised shares of First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Piper Jaffray reaffirmed a “buy” rating and set a $26.00 price objective on shares of First Data in a research note on Thursday, January 18th. ValuEngine cut shares of First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $17.00 price objective on shares of First Data in a research note on Monday, February 12th. Finally, BTIG Research reiterated a “buy” rating on shares of First Data in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $20.40.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its holdings in First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after buying an additional 3,250 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in First Data by 9.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,180 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 3,566 shares in the last quarter. Daiwa Securities Group Inc. raised its position in First Data by 39.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,000 shares in the last quarter. Stifel Financial Corp raised its position in First Data by 10.2% in the 3rd quarter. Stifel Financial Corp now owns 43,982 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 4,056 shares in the last quarter. Finally, Westpac Banking Corp increased its holdings in shares of First Data by 12.1% in the 4th quarter. Westpac Banking Corp now owns 38,179 shares of the business services provider’s stock valued at $638,000 after acquiring an additional 4,106 shares during the last quarter. Hedge funds and other institutional investors own 49.51% of the company’s stock.
NYSE:FDC traded down $0.10 during mid-day trading on Friday, hitting $15.12. 3,356,988 shares of the stock traded hands, compared to its average volume of 7,720,726. The stock has a market cap of $14,097.04, a P/E ratio of 11.81, a P/E/G ratio of 0.98 and a beta of 1.45. First Data has a 12-month low of $14.89 and a 12-month high of $19.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98.
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About First Data
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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