Zacks Research Research Analysts Lift Earnings Estimates for Corpay, Inc. (NYSE:CPAY)

Corpay, Inc. (NYSE:CPAY) – Analysts at Zacks Research increased their Q4 2024 EPS estimates for Corpay in a note issued to investors on Monday, July 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $4.94 for the quarter, up from their prior estimate of $4.92. The consensus estimate for Corpay’s current full-year earnings is $17.82 per share. Zacks Research also issued estimates for Corpay’s Q2 2025 earnings at $4.90 EPS, Q3 2025 earnings at $5.58 EPS, Q4 2025 earnings at $5.60 EPS and Q2 2026 earnings at $5.89 EPS.

Several other equities research analysts have also recently commented on CPAY. Robert W. Baird boosted their price target on shares of Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Wells Fargo & Company initiated coverage on Corpay in a research note on Wednesday, June 5th. They issued an “equal weight” rating and a $285.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Corpay from $330.00 to $326.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. BMO Capital Markets lowered their target price on Corpay from $360.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Finally, Jefferies Financial Group boosted their price target on Corpay from $295.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Corpay has an average rating of “Moderate Buy” and a consensus price target of $333.91.

Corpay Trading Down 1.2 %

Shares of Corpay stock opened at $285.98 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.48. The business has a 50-day simple moving average of $270.13. Corpay has a 52 week low of $220.39 and a 52 week high of $319.94. The company has a market capitalization of $20.10 billion, a PE ratio of 21.28, a PEG ratio of 1.11 and a beta of 1.20.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.04. The firm had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. Corpay had a net margin of 26.29% and a return on equity of 36.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CPAY. Vanguard Group Inc. acquired a new position in shares of Corpay in the first quarter valued at $2,431,089,000. JPMorgan Chase & Co. bought a new stake in Corpay in the first quarter valued at $1,429,445,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Corpay during the first quarter worth $1,355,377,000. Boston Partners bought a new stake in shares of Corpay during the first quarter worth $553,667,000. Finally, Sustainable Growth Advisers LP bought a new stake in shares of Corpay during the first quarter worth $553,279,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.