$2.26 Billion in Sales Expected for First Data Corp (FDC) This Quarter

Wall Street brokerages expect First Data Corp (NYSE:FDC) to report sales of $2.26 billion for the current quarter, according to Zacks. Eight analysts have issued estimates for First Data’s earnings, with the highest sales estimate coming in at $2.31 billion and the lowest estimate coming in at $2.21 billion. First Data reported sales of $2.23 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings results on Monday, July 29th.

On average, analysts expect that First Data will report full year sales of $8.90 billion for the current financial year, with estimates ranging from $8.73 billion to $9.05 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.44 billion, with estimates ranging from $9.31 billion to $9.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover First Data.

First Data (NYSE:FDC) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. First Data had a return on equity of 18.04% and a net margin of 11.26%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS.

Several analysts recently weighed in on FDC shares. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 29th. Barclays downgraded First Data from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $24.00 to $23.00 in a research note on Tuesday, January 22nd. BMO Capital Markets restated a “hold” rating and issued a $25.64 price target on shares of First Data in a research note on Thursday, February 7th. SunTrust Banks downgraded First Data from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Wells Fargo & Co downgraded First Data from an “outperform” rating to a “market perform” rating and set a $25.05 price target on the stock. in a research note on Tuesday, February 12th. Twenty investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.19.

Shares of First Data stock traded down $0.09 during midday trading on Friday, hitting $25.99. The company had a trading volume of 4,185,845 shares, compared to its average volume of 8,505,484. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $24.53 billion, a P/E ratio of 21.48, a PEG ratio of 1.38 and a beta of 2.21. First Data has a 52-week low of $15.52 and a 52-week high of $27.15.

In other news, EVP John F. Whorley, Jr. sold 38,512 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.90, for a total transaction of $997,460.80. Following the transaction, the executive vice president now directly owns 188,289 shares of the company’s stock, valued at approximately $4,876,685.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ivo M. Distelbrink sold 20,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $25.36, for a total value of $507,200.00. Following the transaction, the insider now directly owns 274,114 shares in the company, valued at $6,951,531.04. The disclosure for this sale can be found here. Insiders have sold a total of 375,384 shares of company stock worth $9,680,575 over the last three months. Insiders own 4.87% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDC. Investors Research Corp bought a new position in shares of First Data during the 1st quarter valued at $39,000. FNY Investment Advisers LLC bought a new position in shares of First Data during the 4th quarter valued at $42,000. First Personal Financial Services lifted its holdings in shares of First Data by 57.9% during the 4th quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock valued at $68,000 after buying an additional 1,484 shares during the period. Penserra Capital Management LLC bought a new position in shares of First Data during the 4th quarter valued at $86,000. Finally, Bremer Bank National Association bought a new position in shares of First Data during the 1st quarter valued at $98,000. 56.26% of the stock is currently owned by hedge funds and other institutional investors.

First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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

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