First Data Corporation (FDC) Issues Earnings Results

Yolanda Curtis
February 15, 2017

First Data Corporation (FDC) is an interesting player in the Services space, with a focus on Business Services.

This company was Initiated by Cantor Fitzgerald on 27-Jan-17 to Neutral. First Data Corporation has a 12 month low of $9.61 and a 12 month high of $16.11. The median estimate represents a +5.33% increase from the last price of 16.14. Finally, BTIG Research reaffirmed a buy rating and set a $15.00 price target on shares of First Data Corporation in a research report on Monday, November 7th. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.36 to $0.42.

Over the couple years FDC has established a strong pattern of missing Street earnings views 25% of the time, according to historical earnings data, met predictions on 0 occasions and surpassed estimates 3 times over the last couple years. Finally, Barclays PLC reissued a "buy" rating and set a $17.00 target price on shares of First Data Corporation in a research note on Tuesday, November 8th. It is predicted to add 6% on day 1 and jump 7% on day 7 after the company reports upcoming earnings. In comparison, the consensus recommendation 60 days ago was at 1.79, and 90 days ago was at 1.67 respectively. In the past week, the company has outperformed the S&P 500 by 0.34% and the outperformance has advanced to 0.69% for the last 4 weeks period. The prior year period included debt extinguishment charges and one-time IPO-triggered expenses totaling approximately $1.3 billion. Public Employees Retirement Association of Colorado increased its position in First Data Corporation by 0.4% in the third quarter. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services.

A total of 20 brokerages have issued a ratings update on First Data Corp.

eBay Inc. (NASDAQ:EBAY) belongs to Retail-Wholesale sector closed its last session with a gain of 0.48 percent and closed its previous trading session at $33.79. Wells Fargo & Company MN now owns 534,451 shares of the company's stock worth $7,034,000 after buying an additional 134,423 shares during the last quarter. The company has the Market capitalization of $36.17 Billion. The company has a Return on Assets (ROA) of -2.90%.

The growth estimate for eBay Inc. FDC's network and security solutions segment's revenue fell 2 percent. The projected growth estimate for the next quarter is 9.3 percent. Guggenheim Initiates Coverage On the stock to Buy on 12/19/16 by stationing a price target of $17. First Data Corporation has a 12-month low of $8.82 and a 12-month high of $16.63. Price changes resulting from an earnings surprise can be felt immediately. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.

The consensus recommendation for eBay Inc. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 12 analysts of Thomson Reuters, 9 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

COPsync, Inc. (NASDAQ:COYN) [Trend Analysis] tries to capture market sentiments, shares ascend 6.44% to $0.48.

Revenue is expected to range from 2.19 Billion to 2.26 Billion with an average of 2.21 Billion.

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