Corpay (CPAY) to Release Earnings on Wednesday

Corpay (NYSE:CPAY) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Corpay to post earnings of $3.80 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 7th. The company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.16 by $0.01. Corpay had a net margin of 26.13% and a return on equity of 37.56%. The business had revenue of $937.32 million for the quarter, compared to analysts’ expectations of $968.39 million. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Trading Up 1.1 %

Shares of CPAY stock opened at $302.60 on Tuesday. The company has a market capitalization of $21.85 billion, a PE ratio of 22.92, a P/E/G ratio of 1.14 and a beta of 1.21. Corpay has a 52 week low of $220.39 and a 52 week high of $319.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.04 and a quick ratio of 1.04.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CPAY shares. Citigroup raised their price objective on Corpay from $325.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group lifted their price target on shares of Corpay from $340.00 to $355.00 and gave the company a “buy” rating in a report on Friday, April 12th. Robert W. Baird increased their price objective on shares of Corpay from $355.00 to $376.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Barclays lifted their target price on shares of Corpay from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th.

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.