Corpay (CPAY) to Release Quarterly Earnings on Wednesday

Corpay (NYSE:CPAY - Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $5.37 per share and revenue of $1.05 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Corpay (NYSE:CPAY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $4.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.67 by $0.05. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Corpay had a return on equity of 39.44% and a net margin of 26.14%. During the same quarter in the previous year, the business earned $4.20 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 Performance

CPAY stock traded down $6.92 during mid-day trading on Friday, hitting $380.55. The company had a trading volume of 398,177 shares, compared to its average volume of 384,842. The firm has a market cap of $26.53 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26. The stock's fifty day moving average price is $361.47 and its two-hundred day moving average price is $333.08. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.05 and a current ratio of 1.05. Corpay has a 12 month low of $247.10 and a 12 month high of $391.10.

Insider Activity

In related news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total transaction of $1,116,160.50. Following the sale, the director now directly owns 10,530 shares of the company's stock, valued at approximately $3,950,645.40. This represents a 22.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Alissa B. Vickery sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total transaction of $2,960,320.00. Following the completion of the transaction, the chief accounting officer now owns 1,797 shares of the company's stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CPAY has been the topic of several recent research reports. Citigroup started coverage on shares of Corpay in a report on Tuesday, January 14th. They set a "buy" rating and a $430.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price target on Corpay from $425.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Corpay from $325.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Wolfe Research upgraded shares of Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research report on Wednesday, January 8th. Finally, BMO Capital Markets lifted their price objective on Corpay from $400.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $381.43.

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.