$0.82 Earnings Per Share Expected for Fiserv Inc (FISV) This Quarter

Brokerages expect Fiserv Inc (NASDAQ:FISV) to post $0.82 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Fiserv’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.84. Fiserv reported earnings of $0.76 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The company is expected to issue its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Fiserv will report full-year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.42 to $3.48. For the next year, analysts expect that the company will report earnings of $3.98 per share, with EPS estimates ranging from $3.78 to $5.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fiserv.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Several research firms recently issued reports on FISV. BidaskClub downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Cantor Fitzgerald restated a “hold” rating and issued a $73.00 price target on shares of Fiserv in a research note on Wednesday, January 16th. Wedbush boosted their price target on Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 29th. Stephens upgraded Fiserv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $76.00 to $90.00 in a research note on Wednesday, January 16th. Finally, Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Fiserv currently has a consensus rating of “Buy” and a consensus price target of $86.49.

Shares of NASDAQ FISV traded up $1.03 during midday trading on Monday, hitting $89.31. 2,496,880 shares of the company’s stock were exchanged, compared to its average volume of 5,395,736. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.60. Fiserv has a 12 month low of $68.43 and a 12 month high of $89.48. The company has a market capitalization of $34.73 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.13 and a beta of 0.83.

In other Fiserv news, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction on Friday, March 15th. The shares were sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the transaction, the director now directly owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The disclosure for this sale can be found here. Insiders sold a total of 187,912 shares of company stock valued at $15,245,371 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in shares of Fiserv during the 4th quarter worth $27,000. Sontag Advisory LLC acquired a new position in shares of Fiserv during the 4th quarter worth $27,000. Destination Wealth Management bought a new stake in Fiserv during the 4th quarter worth $30,000. JOYN Advisors Inc. grew its position in Fiserv by 80.0% during the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after acquiring an additional 180 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC bought a new stake in Fiserv during the 4th quarter worth $31,000. 88.84% of the stock is owned by institutional investors.

About Fiserv

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; Internet and 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.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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