CPAY Stock Recent News

Corpay is a highly predictable business that seeks to unify payments for clients who require frequent work trips or who operate fleets of vehicles. The company has EBITDA margins of more than 50%, leaving clues to the high added value of Corpay's services. Management reduced its guidance during Q1 2024 and now expects to grow around 7% only, but made it clear that this should be temporary.

Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the news in a Thursday (May 9) post on LinkedIn after Corpay announced the deal in a Wednesday (May 8) press release.

ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will participate in the following investor conferences: On Wednesday, May 15, 2024, Tom Panther, Chief Financial Officer, and Jim Eglseder, SVP, Global Investor Relations, will be attending the Barclays Annual Emerging Payments and FinTech Forum in New York, NY. Mr. Panther will participate in a fireside chat beginning at 8:00 AM ET. On Tuesday, June 4, 2024, Jim Eglseder.

Corpay's (CPAY) Q1 earnings and revenues grow on a year-over-year basis.

Corpay (NYSE:CPAY ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Jim Eglseder - Investor Relations Ron Clarke - Chairman and CEO Tom Panther - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Sanjay Sakhrani - KBW Ramsey El Assal - Barclays Nate Svensson - Deutsche Bank Peter Christiansen - Citi Trevor Williams - Jefferies James Fossett - Morgan Stanley Daniel Krebs - Wolfe Research David Koning - Baird Rufus Hone - BMO Capital Markets Operator Good day everyone, and welcome to today's Corpay First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Corpay (CPAY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Corpay (CPAY) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $4.08 per share. This compares to earnings of $3.80 per share a year ago.

Corpay (CPAY) is expected to register top and bottom-line growth when it reports first-quarter 2024 results.

Get a deeper insight into the potential performance of Corpay (CPAY) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.