Corpay (CPAY) Set to Announce Quarterly Earnings on Thursday

Corpay (NYSE:CPAY) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Corpay to post earnings of $4.65 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.04. The business had revenue of $975.70 million for the quarter, compared to analysts’ expectations of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 EPS. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Stock Down 0.0 %

NYSE CPAY opened at $329.67 on Tuesday. Corpay has a 1 year low of $221.37 and a 1 year high of $355.47. The stock has a market capitalization of $22.89 billion, a PE ratio of 23.96, a PEG ratio of 1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day moving average is $322.76 and its 200 day moving average is $295.07.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CPAY. Jefferies Financial Group increased their price objective on Corpay from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. William Blair raised shares of Corpay to a “strong-buy” rating in a research note on Thursday, August 8th. Raymond James lowered their target price on shares of Corpay from $330.00 to $311.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Corpay from $327.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley lifted their price objective on Corpay from $275.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.46.

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.