Fiserv (NYSE:FI - Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $2.25 per share for the quarter. Fiserv has set its FY24 guidance at $8.65 to $8.80 EPS and its FY 2024 guidance at 8.650-8.800 EPS.Investors that are interested in participating in the company's conference call can do so using this link.
Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 earnings per share. On average, analysts expect Fiserv to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of Fiserv stock opened at $193.23 on Tuesday. The firm has a market capitalization of $113.06 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 1.44 and a beta of 0.93. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $193.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average of $174.07 and a 200 day moving average of $160.15.
In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Guy Chiarello sold 24,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company's stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of the sale, the chief executive officer now owns 2,965,084 shares of the company's stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,890 shares of company stock worth $32,855,417 in the last three months. 0.75% of the stock is owned by insiders.
FI has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $183.00 target price on shares of Fiserv in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on Fiserv from $180.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 25th. B. Riley raised their price target on Fiserv from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. KeyCorp lifted their target price on Fiserv from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Finally, Morgan Stanley upgraded Fiserv from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $178.84.
View Our Latest Research Report on Fiserv
Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
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