Corpay (NYSE:CPAY – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $5.25-5.45 for the period, compared to the consensus earnings per share estimate of $5.36. The company issued revenue guidance of $1.04-1.07 billion, compared to the consensus revenue estimate of $1.05 billion. Corpay also updated its FY 2024 guidance to 18.900-19.100 EPS.
Corpay Price Performance
Shares of Corpay stock traded up $19.51 during trading on Friday, hitting $366.01. The stock had a trading volume of 1,210,700 shares, compared to its average volume of 486,981. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.38 and a beta of 1.21. Corpay has a 12 month low of $221.37 and a 12 month high of $375.35. The business’s 50-day moving average is $325.93 and its 200 day moving average is $296.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74.
Corpay (NYSE:CPAY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. The firm had revenue of $975.70 million during the quarter, compared to the consensus estimate of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $3.85 EPS. As a group, sell-side analysts anticipate that Corpay will post 17.96 earnings per share for the current year.
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Corpay Company Profile
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.
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