Wall Street brokerages forecast that First Data Corp (NYSE:FDC) will report earnings of $0.31 per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for First Data’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.33. First Data posted earnings of $0.29 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 30th.

On average, analysts expect that First Data will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.54 to $1.62. For the next year, analysts expect that the business will post earnings of $1.79 per share, with EPS estimates ranging from $1.73 to $1.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for First Data.

First Data (NYSE:FDC) last released its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.06. First Data had a return on equity of 18.14% and a net margin of 10.58%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year.

Several research analysts have recently issued reports on FDC shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $25.00 price objective on shares of First Data in a research note on Monday, December 24th. KeyCorp lowered their price objective on First Data from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. ValuEngine raised First Data from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Stephens downgraded First Data from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $25.00 to $20.00 in a research note on Thursday, January 3rd. Finally, Mizuho reaffirmed a “buy” rating and issued a $21.00 price objective on shares of First Data in a research note on Thursday, January 3rd. Twenty investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.17.

Shares of First Data stock traded up $0.39 on Tuesday, hitting $25.76. The stock had a trading volume of 7,068,300 shares, compared to its average volume of 13,795,424. First Data has a twelve month low of $14.73 and a twelve month high of $27.15. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $23.78 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.34 and a beta of 2.28.

In related news, insider Daniel J. Charron sold 74,600 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $25.62, for a total value of $1,911,252.00. Following the sale, the insider now directly owns 432,951 shares in the company, valued at $11,092,204.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ivo M. Distelbrink sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $25.36, for a total value of $507,200.00. Following the completion of the sale, the insider now owns 274,114 shares in the company, valued at $6,951,531.04. The disclosure for this sale can be found here. Insiders sold 375,384 shares of company stock worth $9,680,575 over the last quarter. 4.87% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. First Manhattan Co. boosted its holdings in shares of First Data by 4.8% during the 4th quarter. First Manhattan Co. now owns 11,000 shares of the business services provider’s stock worth $186,000 after buying an additional 500 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in shares of First Data by 0.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 125,413 shares of the business services provider’s stock worth $3,294,000 after buying an additional 1,000 shares in the last quarter. Level Four Advisory Services LLC boosted its holdings in shares of First Data by 7.7% during the 4th quarter. Level Four Advisory Services LLC now owns 14,902 shares of the business services provider’s stock worth $252,000 after buying an additional 1,062 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of First Data by 9.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 12,340 shares of the business services provider’s stock worth $209,000 after buying an additional 1,080 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of First Data by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,382 shares of the business services provider’s stock worth $345,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 56.69% of the company’s stock.

About First Data

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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