FY2027 Earnings Estimate for Corpay Issued By Zacks Research

Corpay, Inc. (NYSE:CPAY) – Equities researchers 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 expects 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.

Corpay (NYSE:CPAY) last issued its earnings results on Wednesday, February 5th. The company reported $4.96 EPS for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%.

Several other research firms have also recently issued reports on CPAY. Raymond James decreased their target price on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Citigroup started coverage on shares of Corpay in a research report on Tuesday, January 14th. They issued a “buy” rating and a $430.00 price objective for the company. Wolfe Research upgraded Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price target on Corpay from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their price objective on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Corpay has an average rating of “Moderate Buy” and an average price target of $399.71.

Corpay Trading Up 0.7 %

Corpay stock opened at $366.99 on Friday. The firm has a market cap of $25.58 billion, a PE ratio of 26.25, a P/E/G ratio of 1.32 and a beta of 1.28. Corpay has a 12 month low of $247.10 and a 12 month high of $400.81. The stock’s 50 day simple moving average is $365.02 and its two-hundred day simple moving average is $345.30. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Hedge Funds Weigh In On Corpay

A number of institutional investors and hedge funds have recently bought and sold shares of CPAY. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Corpay in the 4th quarter valued at about $23,849,000. Jefferies Financial Group Inc. purchased a new stake in shares of Corpay in the fourth quarter valued at approximately $3,285,000. Liberty Square Wealth Partners LLC acquired a new stake in shares of Corpay in the fourth quarter valued at approximately $192,000. Toronto Dominion Bank lifted its position 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 acquired a new position in Corpay during the fourth quarter worth $1,160,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 shares were sold at an average price of $375.23, for a total transaction of $910,683.21. Following the completion of the sale, the director now owns 12,215 shares of the company’s stock, valued at $4,583,434.45. This represents a 16.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is owned by corporate insiders.

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.