Corpay (CPAY) Set to Announce Quarterly Earnings on Wednesday

Corpay (NYSE:CPAY) is set to 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 that wish to register for the company’s earnings conference call can do so using this link.

Corpay (NYSE:CPAY) last released its quarterly earnings results on Wednesday, February 7th. The company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.16 by $0.01. Corpay had a return on equity of 37.56% and a net margin of 26.13%. The business had revenue of $937.32 million during the quarter, compared to analyst estimates 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 Stock Up 0.1 %

Shares of NYSE CPAY opened at $299.29 on Monday. Corpay has a twelve month low of $219.77 and a twelve month high of $319.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $21.61 billion, a PE ratio of 22.67, a PEG ratio of 1.14 and a beta of 1.21.

Wall Street Analysts Forecast Growth

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

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.