Corpay (NYSE:CPAY – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 5.000-5.000 for the period, compared to the consensus EPS estimate of 4.960. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.
Corpay Stock Up 0.3 %
Corpay stock traded up $1.14 during mid-day trading on Monday, hitting $341.86. The company had a trading volume of 153,709 shares, compared to its average volume of 461,558. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.74. The stock’s 50 day moving average price is $318.41 and its two-hundred day moving average price is $293.66. Corpay has a 12 month low of $220.39 and a 12 month high of $355.47. The company has a market capitalization of $23.74 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.
Corpay (NYSE:CPAY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.04. The firm had revenue of $975.70 million for the quarter, compared to the consensus estimate of $973.84 million. Corpay had a return on equity of 38.93% and a net margin of 26.41%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.85 earnings per share. As a group, sell-side analysts anticipate that Corpay will post 17.83 earnings per share for the current fiscal year.
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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.
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