Corpay (CPAY) Projected to Post Earnings on Wednesday

Corpay (NYSE:CPAY) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $5.37 per share and revenue of $1.05 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $4.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $4.20 EPS. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Stock Performance

NYSE CPAY opened at $379.69 on Tuesday. The company’s 50 day simple moving average is $361.47 and its two-hundred day simple moving average is $333.61. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.05 and a quick ratio of 1.05. Corpay has a 1 year low of $247.10 and a 1 year high of $391.10. The stock has a market capitalization of $26.47 billion, a PE ratio of 27.08, a P/E/G ratio of 1.30 and a beta of 1.26.

Insider Buying and Selling at Corpay

In other news, Director Joseph W. Farrelly sold 2,975 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the completion of the transaction, the director now directly owns 10,530 shares of the company’s stock, valued at approximately $3,950,645.40. The trade was a 22.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Alissa B. Vickery sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the sale, the chief accounting officer now owns 1,797 shares in the company, valued at $664,961.88. This represents a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CPAY shares. Barclays boosted their price target on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods reduced their target price on Corpay from $425.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Citigroup started coverage on Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Jefferies Financial Group boosted their target price on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Bank of America upped their price target on shares of Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.43.

Corpay Company Profile

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.