Corpay (CPAY) Set to Announce Earnings on Thursday

Corpay (NYSE:CPAY) will release 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. Persons that wish to listen to the company’s conference call can do so using this link.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $4.55 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $973.84 million. During the same period in the previous year, the firm posted $3.85 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Trading Down 0.0 %

Shares of NYSE CPAY opened at $331.88 on Thursday. The business’s 50 day moving average is $320.90 and its two-hundred day moving average is $294.39. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. Corpay has a 1-year low of $221.37 and a 1-year high of $355.47. The stock has a market capitalization of $23.32 billion, a P/E ratio of 24.69, a PEG ratio of 1.39 and a beta of 1.22.

Analysts Set New Price Targets

CPAY has been the topic of several analyst reports. William Blair raised Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Wolfe Research raised Corpay from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their target price on Corpay from $327.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $310.00 target price on shares of Corpay in a research note on Thursday, August 8th. Finally, Morgan Stanley upped their target price on Corpay from $275.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday. Four 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 stock. According to data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and an average price target of $353.46.

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.