Revenue Update on First Data Corp(NYSE:FDC)

First Data Corp(NYSE:FDC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.830B. Analysts estimated a revenue of $1.850B. The revenues were -1.08% below the estimates. Earnings per share were $0.39. The reported EPS was above estimates by 8.33%. Analysts had estimated an EPS of $0.36.

In a different note, Cantor Fitzgerald said it Initiates Coverage On First Data Corp, according to a research note issued on Jan 27, 2017. The shares have been rated ‘Neutral’ by the firm. Guggenheim said it Initiates Coverage On First Data Corp, according to a research note issued on Dec 19, 2016. In the research note, the firm Announces the price-target to $17 per share. The shares have been rated ‘Buy’ by the firm. On Dec 16, 2016, Goldman Sachs said it Downgrades its rating on First Data Corp. The shares have been rated ‘Neutral’ by the firm. Pacific Crest said it Initiates Coverage On First Data Corp, according to a research note issued on Dec 16, 2016. In the research note, the firm Announces the price-target to $17 per share. The shares have been rated ‘Overweight’ by the firm.

First Data Corp (FDC) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -0.78% at a volume of 27,76,599. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.67. The peak price level was also seen at $16.67 while the days lowest was $16.47. Finally the shares closed at $16.5. The 52-week high of the shares is $16.67 while the 52-week low is $9.9. According to the latest information available, the market cap of the company is $15,031 M.

Several Insider Transactions has been reported to the SEC. On Sep 15, 2016, James E Nevels (director) purchased 100 shares at $13.88 per share price.Also, On May 31, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.44 per share price.On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 per share price, according to the Form-4 filing with the securities and exchange commission.

First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. 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. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.

Add Comment