Analysts expect First Data Corp (NYSE:FDC) to post $0.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for First Data’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.41. First Data reported earnings of $0.44 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 18.2%. The company is expected to issue its next earnings results on Monday, February 11th.

According to Zacks, analysts expect that First Data will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.47. For the next financial year, analysts expect that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.50 to $1.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover First Data.

First Data (NYSE:FDC) last issued its earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). First Data had a net margin of 17.48% and a return on equity of 19.33%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm earned $0.40 EPS. The company’s revenue was up 4.4% compared to the same quarter last year.

FDC has been the topic of a number of research analyst reports. Goldman Sachs Group increased their target price on First Data to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, August 7th. Atlantic Securities raised First Data from a “neutral” rating to an “overweight” rating in a research note on Friday, August 17th. Wedbush increased their target price on First Data from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Finally, Nomura increased their target price on First Data from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $27.04.

In other news, insider Barry C. Mccarthy sold 113,515 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $19.13, for a total transaction of $2,171,541.95. Following the completion of the sale, the insider now directly owns 368,571 shares in the company, valued at $7,050,763.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Barry C. Mccarthy sold 151,203 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $25.78, for a total transaction of $3,898,013.34. Following the sale, the insider now owns 484,774 shares of the company’s stock, valued at $12,497,473.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 299,718 shares of company stock valued at $6,723,705. Company insiders own 5.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of FDC. OppenheimerFunds Inc. boosted its holdings in shares of First Data by 95.9% during the second quarter. OppenheimerFunds Inc. now owns 11,790,919 shares of the business services provider’s stock worth $246,783,000 after purchasing an additional 5,772,608 shares during the period. Millennium Management LLC boosted its holdings in shares of First Data by 129.8% during the second quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock worth $129,390,000 after purchasing an additional 3,492,441 shares during the period. Morgan Stanley boosted its holdings in shares of First Data by 55.8% during the third quarter. Morgan Stanley now owns 8,211,648 shares of the business services provider’s stock worth $200,939,000 after purchasing an additional 2,939,632 shares during the period. Senator Investment Group LP boosted its holdings in shares of First Data by 36.7% during the second quarter. Senator Investment Group LP now owns 10,250,000 shares of the business services provider’s stock worth $214,532,000 after purchasing an additional 2,750,000 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of First Data by 5,503.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,636,665 shares of the business services provider’s stock worth $64,520,000 after purchasing an additional 2,589,611 shares during the period. Institutional investors own 53.95% of the company’s stock.

Shares of First Data stock traded up $0.68 during trading on Wednesday, hitting $17.46. The stock had a trading volume of 14,485,700 shares, compared to its average volume of 8,441,037. The stock has a market cap of $15.85 billion, a P/E ratio of 13.64, a PEG ratio of 1.46 and a beta of 1.94. First Data has a 12 month low of $14.73 and a 12 month high of $26.62. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.02.

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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Earnings History and Estimates for First Data (NYSE:FDC)

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