Corpay (NYSE:CPAY – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.450-4.550 for the period, compared to the consensus earnings per share estimate of 4.500. The company issued revenue guidance of $960.0 million-$980.0 million, compared to the consensus revenue estimate of $973.7 million.
Corpay Trading Up 0.0 %
NYSE:CPAY opened at $270.34 on Thursday. The stock has a market capitalization of $19.00 billion, a PE ratio of 20.11, a P/E/G ratio of 1.04 and a beta of 1.21. The stock’s 50-day simple moving average is $277.70. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.07 and a quick ratio of 1.07. Corpay has a 12-month low of $220.39 and a 12-month high of $319.94.
Corpay (NYSE:CPAY – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.04. The business had revenue of $935.25 million during the quarter, compared to analysts’ expectations of $936.25 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%. On average, research analysts predict that Corpay will post 17.83 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Report on Corpay
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.
See Also
- Five stocks we like better than Corpay
- P/E Ratio Calculation: How to Assess Stocks
- Any Pullback in Tech May Signal a Rotation into These 3 Sectors
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- 3 Stocks to Watch: Oracle, Casey’s, FedEx Signal Big Gains
- Short Selling: How to Short a Stock
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
Receive News & Ratings for Corpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corpay and related companies with MarketBeat.com's FREE daily email newsletter.