Fiserv (FISV) Updates FY18 Earnings Guidance

Fiserv (NASDAQ:FISV) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.02-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10.

Fiserv stock opened at $72.50 on Friday. The firm has a market cap of $29.59 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.02 and a beta of 0.81. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.05 and a current ratio of 1.05. Fiserv has a 12-month low of $71.93 and a 12-month high of $72.35.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Fiserv had a net margin of 24.76% and a return on equity of 44.13%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 EPS. equities research analysts expect that Fiserv will post 3.11 EPS for the current fiscal year.

FISV has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Fiserv from $73.00 to $80.00 and gave the company an outperform rating in a report on Wednesday, January 24th. Guggenheim restated a buy rating and issued a $80.00 price objective on shares of Fiserv in a research report on Monday, January 29th. BidaskClub upgraded shares of Fiserv from a buy rating to a strong-buy rating in a research report on Wednesday, January 31st. Cantor Fitzgerald reiterated a hold rating and set a $63.00 price target on shares of Fiserv in a research report on Wednesday, February 7th. Finally, BMO Capital Markets increased their price target on shares of Fiserv from $66.50 to $76.00 and gave the company an average rating in a research report on Thursday, February 8th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $71.62.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $72.11, for a total transaction of $3,605,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $141.57, for a total value of $2,406,690.00. The disclosure for this sale can be found here. Insiders sold a total of 151,000 shares of company stock valued at $12,121,810 over the last quarter. 1.80% of the stock is owned by corporate insiders.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply