Wall Street brokerages predict that First Data Corp (NYSE:FDC) will announce $1.85 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for First Data’s earnings, with the lowest sales estimate coming in at $1.82 billion and the highest estimate coming in at $1.88 billion. First Data reported sales of $1.73 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The firm is expected to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that First Data will report full-year sales of $1.85 billion for the current fiscal year, with estimates ranging from $7.84 billion to $7.97 billion. For the next year, analysts forecast that the firm will report sales of $8.26 billion per share, with estimates ranging from $8.23 billion to $8.35 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for First Data.
First Data (NYSE:FDC) last issued its earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS.
Shares of First Data (FDC) traded up $0.37 during mid-day trading on Friday, hitting $16.04. The company’s stock had a trading volume of 6,160,337 shares, compared to its average volume of 8,310,000. The firm has a market cap of $14,810.00 and a P/E ratio of 13.59. First Data has a 52-week low of $14.67 and a 52-week high of $19.23. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.02 and a current ratio of 1.00.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. lifted its holdings in First Data by 113.3% during the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares during the period. Westside Investment Management Inc. acquired a new position in First Data during the 4th quarter worth about $103,000. Macquarie Group Ltd. acquired a new position in First Data during the 3rd quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in First Data by 254.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after buying an additional 5,173 shares during the period. Finally, Pittenger & Anderson Inc. lifted its holdings in First Data by 72.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after buying an additional 3,250 shares during the period. 48.17% of the stock is currently owned by hedge funds and other institutional investors.
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First Data Company Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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