Corpay (CPAY) Set to Announce Earnings on Thursday

Corpay (NYSE:CPAY) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Corpay to post earnings of $4.65 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The company had revenue of $975.70 million for the quarter, compared to analysts’ expectations of $973.84 million. During the same period last year, the firm earned $3.85 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Stock Up 0.3 %

Shares of CPAY stock opened at $330.81 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $22.97 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The business’s fifty day moving average is $323.31 and its 200-day moving average is $295.32. Corpay has a 1 year low of $221.37 and a 1 year high of $355.47.

Analyst Ratings Changes

CPAY has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $310.00 target price on shares of Corpay in a report on Thursday, August 8th. BMO Capital Markets lifted their target price on Corpay from $350.00 to $390.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Raymond James decreased their target price on Corpay from $330.00 to $311.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their target price on Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Corpay currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.46.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.