Corpay (CPAY) Set to Announce Earnings on Thursday

Corpay (NYSE:CPAY) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Corpay to post earnings of $4.65 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.04. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The company had revenue of $975.70 million during the quarter, compared to analysts’ expectations of $973.84 million. During the same quarter last year, the company earned $3.85 EPS. Corpay’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Price Performance

NYSE:CPAY opened at $329.67 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The firm has a fifty day simple moving average of $322.76 and a 200 day simple moving average of $295.07. Corpay has a 1-year low of $221.37 and a 1-year high of $355.47. The stock has a market capitalization of $22.89 billion, a PE ratio of 23.96, a P/E/G ratio of 1.30 and a beta of 1.21.

Analysts Set New Price Targets

CPAY has been the subject of a number of research analyst reports. Wolfe Research upgraded Corpay from an “underperform” rating to a “peer perform” rating in a report on Tuesday, September 3rd. Barclays lifted their price objective on shares of Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. William Blair upgraded shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group upped their target price on Corpay from $375.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Corpay currently has a consensus rating of “Moderate Buy” and an average price target of $353.46.

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.