Corpay (CPAY) to Release Quarterly Earnings on Wednesday

Corpay (NYSE:CPAY) will likely be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect Corpay to post earnings of $5.37 per share and revenue of $1.05 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last announced its earnings results on Thursday, November 7th. The company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.67 by $0.05. Corpay had a return on equity of 39.44% and a net margin of 26.14%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $4.20 earnings per share. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Trading Down 1.8 %

Shares of NYSE CPAY opened at $380.55 on Monday. Corpay has a 12 month low of $247.10 and a 12 month high of $391.10. The company has a market cap of $26.53 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.30 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. The business has a fifty day simple moving average of $361.47 and a 200-day simple moving average of $333.36.

Wall Street Analysts Forecast Growth

CPAY has been the topic of several recent analyst reports. Citigroup initiated coverage on Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Barclays upped their price target on Corpay from $385.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Morgan Stanley upped their price target on Corpay from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Jefferies Financial Group upped their price target on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Bank of America upped their price target on Corpay from $344.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.43.

Insider Transactions at Corpay

In other Corpay news, CAO Alissa B. Vickery sold 8,000 shares of Corpay stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the transaction, the chief accounting officer now directly owns 1,797 shares in the company, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph W. Farrelly sold 2,975 shares of Corpay stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $375.18, for a total value of $1,116,160.50. Following the transaction, the director now owns 10,530 shares in the company, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.

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.