First Data Corporation (NYSE:FDC) – Equities researchers at Oppenheimer Holdings upped their Q3 2018 earnings estimates for shares of First Data Corporation in a report issued on Monday. Oppenheimer Holdings analyst G. Greene now anticipates that the brokerage will post earnings per share of $0.30 for the quarter, up from their previous estimate of $0.29.

Other equities analysts have also issued research reports about the company. Pacific Crest began coverage on First Data Corporation in a report on Thursday, December 15th. They set an “overweight” rating and a $17.00 price objective on the stock. KeyCorp began coverage on First Data Corporation in a report on Friday, December 16th. They set an “overweight” rating and a $17.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of First Data Corporation in a report on Monday, November 7th. Zacks Investment Research lowered First Data Corporation from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Finally, Stifel Nicolaus raised their price objective on First Data Corporation from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. First Data Corporation currently has a consensus rating of “Buy” and a consensus price target of $16.23.

Earnings History and Estimates for First Data Corporation (NYSE:FDC)

“First Data Corporation to Post Q3 2018 Earnings of $0.30 Per Share, Oppenheimer Holdings Forecasts (FDC)” was first reported by Financial Market News and is owned by of Financial Market News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The correct version of this piece can be viewed at http://www.financial-market-news.com/first-data-corporation-to-post-q3-2018-earnings-of-0-30-per-share-oppenheimer-holdings-forecasts-fdc/1321630/.

First Data Corporation (NYSE:FDC) traded up 0.74% during trading on Thursday, reaching $16.30. The company had a trading volume of 1,236,240 shares. The firm has a 50-day moving average of $15.46 and a 200-day moving average of $14.27. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 35.43 and a beta of 1.76. First Data Corporation has a 1-year low of $9.90 and a 1-year high of $16.63.

First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, February 13th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.85 billion. First Data Corporation had a return on equity of 25.67% and a net margin of 3.63%. First Data Corporation’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS.

A number of large investors have recently made changes to their positions in FDC. Quantitative Systematic Strategies LLC raised its stake in shares of First Data Corporation by 28.1% in the second quarter. Quantitative Systematic Strategies LLC now owns 15,200 shares of the company’s stock worth $167,000 after buying an additional 3,337 shares in the last quarter. Stanley Capital Management LLC acquired a new stake in shares of First Data Corporation during the second quarter worth $3,099,000. Edgemoor Investment Advisors Inc. acquired a new stake in shares of First Data Corporation during the second quarter worth $6,657,000. TD Capital Management LLC acquired a new stake in shares of First Data Corporation during the second quarter worth $581,000. Finally, Globeflex Capital L P acquired a new stake in shares of First Data Corporation during the second quarter worth $1,161,000. 36.54% of the stock is currently owned by institutional investors.

“First Data Corporation to Post Q3 2018 Earnings of $0.30 Per Share, Oppenheimer Holdings Forecasts (FDC)” was first reported by Financial Market News and is owned by of Financial Market News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The correct version of this piece can be viewed at http://www.financial-market-news.com/first-data-corporation-to-post-q3-2018-earnings-of-0-30-per-share-oppenheimer-holdings-forecasts-fdc/1321630/.

About First Data Corporation

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