FY2027 Earnings Forecast for Corpay Issued By Zacks Research

Corpay, Inc. (NYSE:CPAY) – Zacks Research issued their FY2027 earnings estimates for Corpay in a report issued on Wednesday, February 26th. Zacks Research analyst R. Department forecasts that the company will post earnings of $26.23 per share for the year. The consensus estimate for Corpay’s current full-year earnings is $19.76 per share.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%.

A number of other research analysts have also weighed in on CPAY. Keefe, Bruyette & Woods raised their target price on shares of Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on shares of Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. BMO Capital Markets raised their target price on shares of Corpay from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Finally, Morgan Stanley increased their price target on Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Corpay has an average rating of “Moderate Buy” and an average price target of $399.71.

Corpay Trading Up 0.7 %

CPAY stock opened at $366.99 on Friday. The firm has a fifty day moving average price of $365.02 and a 200 day moving average price of $345.73. Corpay has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The firm has a market cap of $25.58 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Swedbank AB increased its holdings in Corpay by 46.3% during the 3rd quarter. Swedbank AB now owns 186,117 shares of the company’s stock worth $58,210,000 after purchasing an additional 58,900 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Corpay by 66.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock worth $1,842,000 after purchasing an additional 2,355 shares during the period. Retireful LLC purchased a new stake in Corpay during the third quarter worth $702,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Corpay during the third quarter worth $527,000. Finally, Banco Santander S.A. purchased a new stake in Corpay during the third quarter worth $668,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total transaction of $910,683.21. Following the transaction, the director now directly owns 12,215 shares in the company, valued at $4,583,434.45. This trade represents a 16.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.10% of the stock is owned by company insiders.

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.