Zacks Research Weighs in on Corpay FY2027 Earnings

Corpay, Inc. (NYSE:CPAY) – Research analysts at Zacks Research issued their FY2027 earnings estimates for shares of Corpay in a report issued on Wednesday, February 26th. Zacks Research analyst R. Department anticipates that the company will post earnings per share of $26.23 for the year. The consensus estimate for Corpay’s current full-year earnings is $19.76 per share.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%.

Several other research analysts have also weighed in on the stock. BMO Capital Markets increased their target price on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a research report on Wednesday, January 8th. Raymond James dropped their target price on shares of Corpay from $434.00 to $417.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Morgan Stanley upped their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $399.71.

Corpay Stock Performance

NYSE CPAY opened at $366.99 on Friday. The stock has a market cap of $25.58 billion, a PE ratio of 26.25, a P/E/G ratio of 1.32 and a beta of 1.28. Corpay has a twelve month low of $247.10 and a twelve month high of $400.81. The stock has a fifty day simple moving average of $365.02 and a 200-day simple moving average of $345.30. The company has a current ratio of 1.00, a quick ratio of 1.05 and a debt-to-equity ratio of 1.66.

Hedge Funds Weigh In On Corpay

Institutional investors and hedge funds have recently modified their holdings of the company. Avion Wealth lifted its holdings in Corpay by 1,011.1% during the 4th quarter. Avion Wealth now owns 100 shares of the company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Corpay by 120.5% during the 4th quarter. Colonial Trust Co SC now owns 97 shares of the company’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Corpay by 130.4% during the 4th quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 60 shares in the last quarter. Huntington National Bank lifted its stake in Corpay by 43.0% during the third quarter. Huntington National Bank now owns 133 shares of the company’s stock worth $42,000 after purchasing an additional 40 shares during the last quarter. Finally, Quarry LP acquired a new position in Corpay in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity

In other Corpay news, Director Richard Macchia sold 2,427 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $375.23, for a total value of $910,683.21. Following the sale, the director now directly owns 12,215 shares of the company’s stock, valued at approximately $4,583,434.45. This represents a 16.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.10% 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.