Fiserv (NYSE:FI – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $8.60-8.75 for the period, compared to the consensus EPS estimate of $8.63. Fiserv also updated its FY 2024 guidance to 8.600-8.750 EPS.
Fiserv Trading Up 0.1 %
Shares of FI opened at $148.80 on Tuesday. The firm has a market capitalization of $87.61 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a 50-day moving average of $151.90 and a 200 day moving average of $136.94.
Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.09. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, research analysts expect that Fiserv will post 8.63 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Fiserv
Insiders Place Their Bets
In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.
About 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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