Analysts Issue Forecasts for First Data Corporation’s Q2 2018 Earnings (NYSE:FDC)

First Data Corporation (NYSE:FDC) – Research analysts at Oppenheimer Holdings boosted their Q2 2018 EPS estimates for shares of First Data Corporation in a research note issued on Monday. Oppenheimer Holdings analyst G. Greene now anticipates that the business services provider will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.41. Oppenheimer Holdings currently has a “Outperform” rating and a $19.00 target price on the stock. Oppenheimer Holdings also issued estimates for First Data Corporation’s Q4 2018 earnings at $0.34 EPS.

First Data Corporation (NYSE:FDC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2797794/analysts-issue-forecasts-for-first-data-corporations-q2-2018-earnings-nysefdc.html.

A number of other research firms also recently issued reports on FDC. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research report on Thursday. Morgan Stanley upped their target price on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday. FIX assumed coverage on shares of First Data Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $18.00 target price on the stock. Atlantic Securities restated a “neutral” rating and set a $17.00 target price on shares of First Data Corporation in a research report on Wednesday, April 12th. Finally, Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 21st. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. First Data Corporation has a consensus rating of “Buy” and a consensus price target of $18.70.

Shares of First Data Corporation (FDC) traded down 1.253% during mid-day trading on Thursday, reaching $17.725. 1,438,603 shares of the company traded hands. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The stock has a market capitalization of $16.36 billion, a PE ratio of 29.640 and a beta of 1.77. The stock’s 50 day moving average is $18.46 and its 200 day moving average is $16.73.

Hedge funds have recently made changes to their positions in the stock. Korea Investment CORP acquired a new stake in First Data Corporation during the first quarter worth about $1,531,000. Dudley & Shanley LLC acquired a new stake in First Data Corporation during the first quarter worth about $20,351,000. Mn Services Vermogensbeheer B.V. boosted its stake in First Data Corporation 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 during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in First Data Corporation during the first quarter worth about $3,315,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in First Data Corporation during the first quarter worth about $1,276,000. 36.55% of the stock is owned by institutional investors.

First Data Corporation 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.

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

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.