First Data Corp (FDC) to Post Q2 2017 Earnings of $0.33 Per Share, Craig Hallum Forecasts

First Data Corp (NYSE:FDC) – Analysts at Craig Hallum lowered their Q2 2017 earnings per share (EPS) estimates for shares of First Data Corp in a research report issued to clients and investors on Monday. Craig Hallum analyst B. Berning now anticipates that the business services provider will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.34. Craig Hallum also issued estimates for First Data Corp’s Q3 2017 earnings at $0.36 EPS and Q4 2017 earnings at $0.39 EPS.

Several other research analysts have also recently issued reports on the stock. Citigroup Inc restated a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of First Data Corp in a report on Tuesday. BMO Capital Markets restated a “market perform” rating and issued a $19.00 target price (up previously from $18.00) on shares of First Data Corp in a report on Tuesday. Instinet restated a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of First Data Corp in a report on Tuesday. Atlantic Securities restated a “neutral” rating and issued a $17.00 target price on shares of First Data Corp in a report on Wednesday, April 12th. Finally, Cantor Fitzgerald started coverage on shares of First Data Corp in a report on Thursday, January 26th. They issued a “neutral” rating and a $15.00 target price for the company. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. First Data Corp currently has a consensus rating of “Buy” and an average price target of $17.50.

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

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Shares of First Data Corp (NYSE:FDC) opened at 16.48 on Wednesday. First Data Corp has a 52 week low of $9.90 and a 52 week high of $17.01. The firm has a market capitalization of $15.10 billion, a P/E ratio of 35.83 and a beta of 1.76. The firm has a 50-day moving average of $15.40 and a 200 day moving average of $15.20.

First Data Corp (NYSE:FDC) last announced its earnings results on Monday, May 8th. The business services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.07. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.78 billion. First Data Corp had a net margin of 3.63% and a return on equity of 25.67%. First Data Corp’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share.

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of First Data Corp by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock worth $157,000 after buying an additional 45 shares in the last quarter. Comerica Bank increased its position in shares of First Data Corp by 3.1% in the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after buying an additional 391 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of First Data Corp by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 97,940 shares of the business services provider’s stock worth $1,518,000 after buying an additional 600 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of First Data Corp by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock worth $124,000 after buying an additional 616 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of First Data Corp by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after buying an additional 632 shares in the last quarter. Institutional investors and hedge funds own 36.54% of the company’s stock.

First Data Corp Company Profile

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.

5 Day Chart for NYSE:FDC

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