Corpay (NYSE:CPAY – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 18.850-19.150 for the period, compared to the consensus earnings per share estimate of 18.990. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.0 billion. Corpay also updated its FY24 guidance to $18.85-19.15 EPS.
Corpay Price Performance
Shares of CPAY traded down $0.69 during trading hours on Wednesday, hitting $270.28. 496,671 shares of the company were exchanged, compared to its average volume of 467,541. The company has a market capitalization of $18.99 billion, a P/E ratio of 20.11, a PEG ratio of 1.09 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. The business’s fifty day moving average is $272.16. Corpay has a one year low of $220.39 and a one year high of $319.94.
Corpay (NYSE:CPAY – Get Free Report) last released its 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 company had revenue of $975.70 million during the quarter, compared to analyst estimates of $973.84 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 earnings per share. Sell-side analysts expect that Corpay will post 17.82 EPS for the current year.
Analyst Ratings Changes
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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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