Fiserv Earns $1.27 Per Share

More good earnings news. Fiserv ($FISV) just reported Q4 earnings of $1.27 per share which was inline with forecasts. Three months ago, they told us to expect a range between $1.23 per share and $1.29 per share.

For the year, Fiserv earned $4.58 per share which is a big jump over the $4.05 per share from 2010. The best news, however, is the guidance they gave for 2012. Fiserv sees earnings-per-share ranging between $5.04 and $5.20. That’s growth of 10% to 14% which ain’t bad. The Street has been expecting $5.11 per share.

“Revenue growth in the quarter was at its highest level in more than three years leading to our 26th consecutive year of double-digit adjusted EPS growth,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Our market leading solutions have us well positioned to capitalize on important trends in the financial services industry.”


Outlook for 2012

Fiserv expects 2012 adjusted revenue growth to be in a range of 4 to 6 percent and adjusted internal revenue growth to be in a range of 3.0 to 4.5 percent. The company also expects 2012 adjusted earnings per share to be in a range of $5.04 to $5.20, which represents growth of 10 to 14 percent over $4.58 in 2011.

“Two consecutive years of strong sales along with the introduction of new, highly valued solutions, have us well positioned to deliver additional client value and enhance growth,” said Yabuki.

If we take today’s close and the mid-point of the new EPS range, that means $FISV is going for 12.3 times earnings.

Posted by on February 2nd, 2012 at 4:09 pm

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