Corpay (NYSE:CPAY) Releases FY24 Earnings Guidance

Corpay (NYSE:CPAY) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $18.80-19.20 for the period, compared to the consensus EPS estimate of $19.39. The company issued revenue guidance of $3.96-4.04 billion, compared to the consensus revenue estimate of $4.08 billion.

Wall Street Analyst Weigh In

CPAY has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on shares of Corpay from $355.00 to $376.00 and gave the company an outperform rating in a research report on Thursday, April 4th. Citigroup raised their price target on shares of Corpay from $325.00 to $355.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Barclays boosted their price objective on Corpay from $340.00 to $355.00 and gave the stock an overweight rating in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group raised their target price on Corpay from $340.00 to $355.00 and gave the company a buy rating in a research report on Friday, April 12th.

Corpay Trading Down 0.1 %

Shares of NYSE:CPAY traded down $0.23 during trading on Wednesday, reaching $304.49. The company had a trading volume of 688,860 shares, compared to its average volume of 438,723. Corpay has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The firm has a market cap of $21.98 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.14 and a beta of 1.21.

Corpay (NYSE:CPAY) last announced its earnings results on Wednesday, February 7th. The company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.16 by $0.01. Corpay had a return on equity of 37.56% and a net margin of 26.13%. The business had revenue of $937.32 million during the quarter, compared to analysts’ expectations of $968.39 million. As a group, analysts anticipate that Corpay will post 18.16 earnings per share for the current fiscal year.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.