Zacks Research Comments on Corpay FY2027 Earnings

Corpay, Inc. (NYSE:CPAY - Free Report) - Research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of Corpay in a research note issued to investors on Wednesday, February 26th. Zacks Research analyst R. Department expects that the company will post earnings per share of $26.23 for the year. The consensus estimate for Corpay's current full-year earnings is $19.76 per share.

Other analysts have also issued research reports about the stock. Citigroup began coverage on shares of Corpay in a report on Tuesday, January 14th. They issued a "buy" rating and a $430.00 price target for the company. Morgan Stanley lifted their target price on Corpay from $350.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Wolfe Research raised Corpay from a "peer perform" rating to an "outperform" rating and set a $420.00 price target on the stock in a research note on Wednesday, January 8th. BMO Capital Markets raised their price target on Corpay from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Raymond James dropped their price objective on Corpay from $434.00 to $417.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $399.71.

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Corpay Price Performance

CPAY traded down $17.10 during midday trading on Friday, hitting $348.85. The company had a trading volume of 869,493 shares, compared to its average volume of 477,473. Corpay has a twelve month low of $247.10 and a twelve month high of $400.81. The firm's 50-day simple moving average is $365.46 and its 200-day simple moving average is $346.65. The company has a market capitalization of $24.32 billion, a PE ratio of 24.95, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00.

Corpay (NYSE:CPAY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts' consensus estimates of $5.37 by ($0.41). Corpay had a net margin of 25.25% and a return on equity of 41.46%.

Institutional Trading of Corpay

Large investors have recently made changes to their positions in the company. Avion Wealth grew its stake in Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company's stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Corpay by 130.4% in the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company's stock valued at $36,000 after purchasing an additional 60 shares during the period. Huntington National Bank increased its stake in Corpay by 43.0% during the 3rd quarter. Huntington National Bank now owns 133 shares of the company's stock worth $42,000 after purchasing an additional 40 shares in the last quarter. Finally, Quarry LP bought a new stake in Corpay during the 3rd quarter worth approximately $42,000. Institutional investors own 98.84% of the company's stock.

Insider Activity at Corpay

In other Corpay news, Director Richard Macchia sold 2,427 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now directly owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.10% of the company's stock.

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.