Corpay (NYSE:CPAY) Issues Q2 Earnings Guidance

Corpay (NYSE:CPAY) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $4.45-4.55 for the period, compared to the consensus EPS estimate of $4.52. The company issued revenue guidance of $960-980 million, compared to the consensus revenue estimate of $976.54 million.

Corpay Price Performance

Shares of CPAY opened at $252.45 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $17.74 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The stock has a 50-day moving average price of $280.33. Corpay has a one year low of $220.39 and a one year high of $319.94.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.80 by $0.04. Corpay had a net margin of 26.29% and a return on equity of 36.97%. Analysts anticipate that Corpay will post 17.83 earnings per share for the current year.

Analyst Ratings Changes

CPAY has been the subject of several research reports. BMO Capital Markets decreased their price target on shares of Corpay from $360.00 to $350.00 and set an outperform rating for the company in a report on Thursday, May 9th. Wells Fargo & Company began coverage on shares of Corpay in a research report on Wednesday, June 5th. They set an equal weight rating and a $285.00 price objective on the stock. Barclays cut their price objective on shares of Corpay from $355.00 to $350.00 and set an overweight rating on the stock in a research report on Monday, May 13th. Robert W. Baird raised their price objective on shares of Corpay from $355.00 to $376.00 and gave the company an outperform rating in a research report on Thursday, April 4th. Finally, Wolfe Research lowered shares of Corpay from a peer perform rating to an underperform rating and set a $295.00 price objective on the stock. in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $334.50.

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.