Corpay (CPAY) Scheduled to Post Quarterly Earnings on Wednesday

Corpay (NYSE:CPAY) is scheduled to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Corpay to post earnings of $4.20 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. The business had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Stock Performance

Shares of Corpay stock traded up $0.25 during mid-day trading on Wednesday, hitting $297.89. 1,098 shares of the stock were exchanged, compared to its average volume of 463,262. Corpay has a 12 month low of $220.39 and a 12 month high of $319.94. The firm’s 50-day moving average is $271.22. The stock has a market capitalization of $20.93 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.13 and a beta of 1.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.48.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CPAY shares. Royal Bank of Canada restated a “sector perform” rating and issued a $310.00 price objective on shares of Corpay in a research note on Friday, June 21st. JPMorgan Chase & Co. lowered their price objective on shares of Corpay from $330.00 to $326.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Evercore ISI reduced their target price on shares of Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America increased their price objective on Corpay from $326.00 to $331.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Wolfe Research cut Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price target on the stock. in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $333.91.

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.