Wall Street analysts expect Fiserv Inc (NASDAQ:FISV) to announce sales of $1.55 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Fiserv’s earnings. The highest sales estimate is $1.61 billion and the lowest is $1.52 billion. Fiserv posted sales of $1.52 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The firm is expected to report its next earnings report on Wednesday, February 6th.

On average, analysts expect that Fiserv will report full-year sales of $5.83 billion for the current fiscal year, with estimates ranging from $5.79 billion to $5.88 billion. For the next fiscal year, analysts anticipate that the business will post sales of $6.18 billion, with estimates ranging from $6.04 billion to $6.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Fiserv.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.44 billion. Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS.

FISV has been the subject of a number of research reports. Barclays initiated coverage on shares of Fiserv in a research note on Wednesday, November 14th. They set an “overweight” rating and a $95.00 target price for the company. Cantor Fitzgerald reissued a “hold” rating and set a $73.00 target price on shares of Fiserv in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. JPMorgan Chase & Co. lowered shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 target price for the company. in a research note on Tuesday, August 14th. Finally, Deutsche Bank lifted their target price on shares of Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $80.57.

Shares of NASDAQ:FISV traded down $1.86 during trading on Friday, reaching $78.42. 30,150 shares of the company traded hands, compared to its average volume of 2,501,411. The firm has a market capitalization of $31.99 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. Fiserv has a 1-year low of $62.76 and a 1-year high of $82.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $78.92, for a total transaction of $3,946,000.00. Following the transaction, the insider now owns 367,380 shares in the company, valued at approximately $28,993,629.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in FISV. Sonora Investment Management LLC bought a new position in Fiserv in the 2nd quarter worth $106,000. Fort L.P. bought a new position in Fiserv in the 2nd quarter worth $120,000. Braun Bostich & Associates Inc. raised its holdings in Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after acquiring an additional 1,434 shares during the period. Twin Tree Management LP bought a new position in Fiserv in the 2nd quarter worth $135,000. Finally, TRUE Private Wealth Advisors bought a new position in Fiserv in the 3rd quarter worth $143,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

See Also: Earnings Per Share

Get a free copy of the Zacks research report on Fiserv (FISV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.