CPAY Stock Recent News

Corpay (CPAY) is expected to register earnings and revenue growth when it reports second-quarter 2024 results.

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

Corpay (CPAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Corpay (CPAY) has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company's leading position in the payment industry and strengthens its presence in the Asia-Pacific region. “Our decision to establish a presence in New Zealand underscores our commitment to prioritizing our current and future clients' e.

Corpay's earnings per share are projected to grow at an average rate of 13-15% annually, despite interest rate pressures. We consider the stock to be undervalued at 13.6x forward earnings, with potential for re-rating to the 15-20x range. CPAY reported inline first quarter results, with slight misses in revenue and a 2% cut to EPS guidance due to interest rates and currency weakness.

Corpay (CPAY) reported earnings 30 days ago. What's next for the stock?

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.