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Corpay (CPAY) came out with quarterly earnings of $5.36 per share, beating the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $4.44 per share a year ago.
Business payments firm Corpay reported an 18% jump in its fourth-quarter profit on Wednesday, driven by a strong performance in the corporate and lodging segments as customers ramped up spending.
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its fourth quarter and year ended December 31, 2024. “We had a great finish to 2024, delivering fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, which are both above our mid-term growth targets,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “We delivered Corporate Payments growth of 20% for the full year, and we made meaningfu.
Evaluate the expected performance of Corpay (CPAY) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a global S&P 500 corporate payments company, today announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers in Brazil. Gringo's digital app and national network help drivers pay for vehicle taxes, registration and fines (i.e., “car debts”) instantly. The company is growing rev.
CPAY's top line is likely to have been driven by the vehicle and corporate payments segments' growth in the fourth quarter of 2024.
Corpay (CPAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Corpay provides seamless and secure international wire transfers for Jack Henry clients MONETT, Mo. , Jan. 23, 2025 /PRNewswire/ -- Jack Henry (Nasdaq: JKHY) is pleased to recognize the success of its collaboration with Corpay, Inc.'s* (NYSE: CPAY) Cross-Border Solutions business to provide international wires for its clients.
Corpay is trading at a discount despite a 37% rise in share price, outperforming the S&P 500's 20% increase. CPAY's fundamentals and growth projections suggest further upside, maintaining a BUY rating with a target price of $431 to $475. Q3 highlights include 6% YOY revenue growth, improved EBITDA margins, and strong cash generation, with significant share repurchases and a robust balance sheet.
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2024 financial results on Wednesday, February 5, 2025 at 5:00 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Tom Panther, Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with fourth quarter and fiscal year financial results will be issued after the mar.