Brokerages expect that First Data Corp (NYSE:FDC) will announce $1.85 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for First Data’s earnings. The lowest sales estimate is $1.82 billion and the highest is $1.88 billion. First Data reported sales of $1.73 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The company is scheduled to issue its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that First Data will report full year sales of $1.85 billion for the current year, with estimates ranging from $7.84 billion to $7.97 billion. For the next year, analysts anticipate that the firm will report sales of $8.27 billion per share, with estimates ranging from $8.23 billion to $8.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover First Data.
First Data (NYSE:FDC) last announced its earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. First Data had a return on equity of 24.96% and a net margin of 12.16%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm earned $0.39 EPS. First Data’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of First Data by 8.6% during the 4th quarter. BlackRock Inc. now owns 22,617,758 shares of the business services provider’s stock worth $377,942,000 after acquiring an additional 1,784,859 shares during the period. Jana Partners LLC boosted its stake in shares of First Data by 35.2% during the 3rd quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock worth $181,580,000 after acquiring an additional 2,623,313 shares during the period. Iridian Asset Management LLC CT boosted its stake in shares of First Data by 31.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 8,905,329 shares of the business services provider’s stock worth $148,808,000 after acquiring an additional 2,147,260 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of First Data by 1.4% during the 4th quarter. Teacher Retirement System of Texas now owns 8,029,775 shares of the business services provider’s stock worth $134,178,000 after acquiring an additional 114,640 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of First Data by 1,230.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after acquiring an additional 5,155,686 shares during the period. Institutional investors own 49.48% of the company’s stock.
First Data stock traded up $0.17 during midday trading on Thursday, reaching $16.00. The stock had a trading volume of 8,899,539 shares, compared to its average volume of 8,362,719. First Data has a 1-year low of $14.67 and a 1-year high of $19.23. The firm has a market cap of $14,819.49, a PE ratio of 12.50, a P/E/G ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.00 and a current ratio of 1.00.
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First Data Company Profile
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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