Zacks Research Research Analysts Lift Earnings Estimates for Corpay, Inc. (NYSE:CPAY)

Corpay, Inc. (NYSE:CPAY) – Investment analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for Corpay in a note issued to investors on Monday, July 22nd. Zacks Research analyst R. Department now forecasts that the company will earn $4.94 per share for the quarter, up from their previous forecast of $4.92. The consensus estimate for Corpay’s current full-year earnings is $17.82 per share. Zacks Research also issued estimates for Corpay’s Q2 2025 earnings at $4.90 EPS, Q3 2025 earnings at $5.58 EPS, Q4 2025 earnings at $5.60 EPS and Q2 2026 earnings at $5.89 EPS.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Corpay from $330.00 to $326.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Barclays decreased their target price on Corpay from $355.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. BMO Capital Markets decreased their target price on Corpay from $360.00 to $350.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Evercore ISI reduced their price target on Corpay from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Wolfe Research cut Corpay from a “peer perform” rating to an “underperform” rating and set a $295.00 price target for the company. in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.91.

Corpay Trading Down 1.2 %

Shares of CPAY opened at $285.98 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $20.10 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.20. The firm’s 50 day simple moving average is $270.13. Corpay has a 12 month low of $220.39 and a 12 month high of $319.94.

Corpay (NYSE:CPAY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.80 by $0.04. The firm had revenue of $935.25 million during the quarter, compared to the consensus estimate of $936.25 million. Corpay had a return on equity of 36.97% and a net margin of 26.29%.

Institutional Investors Weigh In On Corpay

Large investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in Corpay during the first quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Corpay during the first quarter worth about $31,000. Sunbelt Securities Inc. bought a new stake in Corpay during the first quarter worth about $34,000. RFP Financial Group LLC bought a new stake in Corpay during the first quarter worth about $35,000. Finally, Blue Trust Inc. lifted its stake in Corpay by 246.2% during the second quarter. Blue Trust Inc. now owns 135 shares of the company’s stock worth $36,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

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.