Brokerages Expect First Data Corp (FDC) Will Announce Quarterly Sales of $1.85 Billion

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.

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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.

A number of equities research analysts recently issued reports on FDC shares. Piper Jaffray reissued a “buy” rating and issued a $26.00 target price on shares of First Data in a research report on Thursday, January 18th. Bank of America raised First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. SunTrust Banks dropped their target price on First Data to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Barclays reissued a “buy” rating and issued a $24.00 target price on shares of First Data in a research report on Tuesday, December 5th. Finally, BTIG Research reissued a “buy” rating on shares of First Data in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. First Data currently has a consensus rating of “Buy” and a consensus target price of $20.27.

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

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