Corpay (NYSE:CPAY) Posts Earnings Results, Misses Estimates By $0.41 EPS

Corpay (NYSE:CPAY - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $4.96 EPS for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41), Zacks reports. Corpay had a return on equity of 41.46% and a net margin of 25.25%. Corpay updated its Q1 2025 guidance to 4.450-4.550 EPS and its FY 2025 guidance to 20.750-21.250 EPS.

Corpay Stock Down 3.6 %

Shares of CPAY traded down $14.02 during trading hours on Friday, reaching $375.53. The stock had a trading volume of 604,031 shares, compared to its average volume of 425,552. The firm has a 50-day simple moving average of $361.61 and a 200 day simple moving average of $336.51. Corpay has a 12 month low of $247.10 and a 12 month high of $400.81. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $26.18 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.33 and a beta of 1.28.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPAY. Bank of America upped their price objective on shares of Corpay from $344.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods upped their price target on shares of Corpay from $415.00 to $445.00 and gave the company an "outperform" rating in a research report on Thursday. Raymond James lowered their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a research report on Thursday. Royal Bank of Canada upped their target price on Corpay from $354.00 to $400.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the stock an "equal weight" rating in a report on Thursday. Three equities research 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 company. According to data from MarketBeat.com, Corpay has a consensus rating of "Moderate Buy" and an average price target of $399.71.

Insider Buying and Selling at Corpay

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

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.