Zacks Research Predicts Corpay’s FY2027 Earnings (NYSE:CPAY)

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

CPAY has been the topic of a number of other reports. Keefe, Bruyette & Woods upped their target price on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley upped their price target on shares of Corpay from $350.00 to $380.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Raymond James reduced their price objective on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of Corpay from $354.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Citigroup started coverage on shares of Corpay in a research report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target on the stock. Three equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $399.71.

Corpay Trading Down 2.1 %

Shares of CPAY opened at $364.17 on Friday. Corpay has a one year low of $247.10 and a one year high of $400.81. The stock has a 50-day moving average price of $364.55 and a 200 day moving average price of $344.69. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The company has a market capitalization of $25.39 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.32 and a beta of 1.28.

Corpay (NYSE:CPAY) last posted its quarterly earnings data 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Corpay during the 4th quarter valued at about $23,849,000. Jefferies Financial Group Inc. bought a new stake in shares of Corpay in the 4th quarter worth approximately $3,285,000. Liberty Square Wealth Partners LLC acquired a new stake in Corpay during the fourth quarter valued at approximately $192,000. Toronto Dominion Bank boosted its holdings in Corpay by 60.4% during the fourth quarter. Toronto Dominion Bank now owns 36,808 shares of the company’s stock worth $12,457,000 after buying an additional 13,854 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in Corpay during the fourth quarter worth approximately $1,160,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Corpay

In other news, Director Richard Macchia sold 2,427 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares in the company, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is currently owned by corporate 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.