Fiserv Earns 76 Cents per Share

After the bell, Fiserv (FISV) reported Q1 earnings of 76 cents per share. That’s an increase of 23% over last year. Wall Street had been expecting 73 cents per share.

“Our first quarter performance is consistent with our expectations for the full year,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Results in the quarter were punctuated by a 23 percent increase in adjusted earnings per share and double-digit sales growth.”

Quarterly revenue rose 4% to $1.37 billion. Their operating margin was 32.5%. That’s very good. During the quarter, Fiserv bought back 5.7 million shares of stock for $398 million. They have another 15.8 million shares left in the current authorization.

Fiserv reiterated its full EPS forecast of $3.02 to $3.15 per share. That’s an increase of 22% to 27% over last year. The previous guidance was a pre-split level of $6.05 to $6.30 per share. Fiserv also expects internal revenue growth of at least 4.5% this year.

The stock closed today at $71.63 per share. The 52-week high came on March 16, when FISV hit $74.46 per share.

Posted by on May 1st, 2018 at 4:07 pm


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