Corpay (NYSE:CPAY) Issues Earnings Results

Corpay (NYSE:CPAY) issued its quarterly earnings results on Wednesday. The company reported $4.96 earnings per share for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41), Zacks reports. Corpay had a return on equity of 39.44% and a net margin of 26.14%. Corpay updated its Q1 2025 guidance to 4.450-4.550 EPS and its FY 2025 guidance to 20.750-21.250 EPS.

Corpay Stock Down 2.9 %

Shares of CPAY traded down $11.47 during mid-day trading on Friday, hitting $378.08. 140,046 shares of the company’s stock were exchanged, compared to its average volume of 442,181. The firm has a fifty day moving average of $361.72 and a two-hundred day moving average of $335.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.69. Corpay has a twelve month low of $247.10 and a twelve month high of $400.81. The stock has a market cap of $26.36 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.30 and a beta of 1.28.

Insider Activity

In related news, Director Joseph W. Farrelly sold 2,975 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $375.18, for a total value of $1,116,160.50. Following the transaction, the director now directly owns 10,530 shares in the company, valued at $3,950,645.40. This represents a 22.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Alissa B. Vickery sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $370.04, for a total value of $2,960,320.00. Following the sale, the chief accounting officer now directly owns 1,797 shares of the company’s stock, valued at approximately $664,961.88. The trade was a 81.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America raised their target price on shares of Corpay from $344.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Corpay from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley raised their price target on Corpay from $350.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Barclays raised their price target on Corpay from $385.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.71.

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.