Fiserv (FISV) Releases FY19 Earnings Guidance

Fiserv (NASDAQ:FISV) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.39-3.52 for the period, compared to the Thomson Reuters consensus estimate of $3.46. Fiserv also updated its FY 2019 guidance to $3.39-3.52 EPS.

Shares of FISV traded up $1.41 during mid-day trading on Wednesday, reaching $85.87. The company’s stock had a trading volume of 4,041,152 shares, compared to its average volume of 5,088,645. Fiserv has a 1-year low of $68.45 and a 1-year high of $91.19. The stock has a market cap of $32.71 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.01 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts expect that Fiserv will post 3.45 earnings per share for the current year.

FISV has been the subject of a number of research reports. Wedbush lifted their price objective on shares of Fiserv from $85.00 to $95.00 and gave the company an outperform rating in a report on Tuesday, January 29th. Wolfe Research raised Fiserv from a market perform rating to an outperform rating in a research note on Thursday, January 17th. Royal Bank of Canada raised Fiserv from a sector perform rating to an outperform rating and set a $85.50 price target for the company in a research note on Monday, January 28th. Stephens upgraded Fiserv from an equal weight rating to an overweight rating and boosted their target price for the stock from $76.00 to $90.00 in a report on Wednesday, January 16th. Finally, SunTrust Banks restated a hold rating and issued a $85.21 target price on shares of Fiserv in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $88.57.

In other Fiserv news, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth Best sold 13,280 shares of Fiserv stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total value of $1,128,136.00. Following the completion of the transaction, the insider now owns 38,364 shares in the company, valued at approximately $3,259,021.80. The disclosure for this sale can be found here. Insiders sold 157,912 shares of company stock worth $13,389,571 over the last quarter. Company insiders own 1.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Fiserv (FISV) Releases FY19 Earnings Guidance” was published by Rockland Register and is the property of of Rockland Register. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://rocklandregister.com/2019/05/15/fiserv-fisv-updates-fy19-earnings-guidance.html.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Featured Article: What are the Different Types of Leveraged Buyouts?

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.