First Data (NYSE:FDC) Updates FY19 Earnings Guidance

First Data (NYSE:FDC) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.55-1.58 for the period, compared to the Thomson Reuters consensus estimate of $1.57.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of First Data from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Tuesday, January 29th. BMO Capital Markets lifted their price target on shares of First Data from $25.64 to $26.00 and gave the stock a market perform rating in a research note on Thursday, May 2nd. BTIG Research cut shares of First Data from a buy rating to a neutral rating in a research report on Thursday, February 7th. SunTrust Banks cut shares of First Data from a buy rating to a hold rating in a research report on Tuesday, January 29th. Finally, Buckingham Research lowered shares of First Data from a buy rating to a neutral rating in a report on Tuesday, January 22nd. Twenty analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $25.19.

First Data stock traded up $0.34 during mid-day trading on Wednesday, reaching $26.64. 4,320,776 shares of the company traded hands, compared to its average volume of 12,602,016. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.27. First Data has a fifty-two week low of $15.52 and a fifty-two week high of $27.15. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.38 and a beta of 2.21.

First Data (NYSE:FDC) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. First Data had a net margin of 11.26% and a return on equity of 18.04%. First Data’s revenue for the quarter 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. On average, sell-side analysts predict that First Data will post 1.39 EPS for the current fiscal year.

In other news, insider Daniel J. Charron sold 74,600 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $25.62, for a total value of $1,911,252.00. Following the sale, the insider now directly owns 432,951 shares of the company’s stock, valued at approximately $11,092,204.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Guy Chiarello sold 203,647 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.85, for a total transaction of $5,264,274.95. Following the sale, the president now directly owns 1,324,235 shares in the company, valued at $34,231,474.75. The disclosure for this sale can be found here. Insiders sold a total of 375,384 shares of company stock worth $9,680,575 over the last ninety days. Insiders own 4.87% of the company’s stock.

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About First Data

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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