Corpay (CPAY) to Release Earnings on Wednesday

Corpay (NYSE:CPAY) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $3.80 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Corpay (NYSE:CPAY) last released its earnings results on Wednesday, February 7th. The company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.16 by $0.01. The business had revenue of $937.32 million during the quarter, compared to analyst estimates of $968.39 million. Corpay had a net margin of 26.13% and a return on equity of 37.56%. On average, analysts expect Corpay to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Corpay Price Performance

NYSE:CPAY opened at $302.60 on Tuesday. The stock has a market capitalization of $21.85 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. Corpay has a twelve month low of $220.39 and a twelve month high of $319.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40.

Analyst Ratings Changes

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

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.