Fiserv Earns $1.16 per Share

After the bell, Fiserv (FISV) reported Q4 earnings of $1.16 per share which matched the Street’s consensus. For the year, the company made $4.43 per share.

Adjusted operating margin expanded 140 basis points to 32.1 percent in the fourth quarter and 50 basis points to 32.2 percent for the full year compared to the prior year periods.

Free cash flow increased 8 percent to $1.08 billion for the full year compared to the prior year. Cash distributions from StoneRiver of $151 million in 2016 related to the sale of a business interest have been excluded from the company’s free cash flow results.

Sales performance increased 22 percent in the fourth quarter and 21 percent for the full year compared to the prior year periods.

The company repurchased 11.9 million shares of common stock for $1.20 billion in 2016, which included 2.6 million shares of common stock for $265 million in the fourth quarter. The company announced a new 15 million share repurchase authorization in the quarter and had 20.5 million remaining shares authorized for repurchase as of December 31, 2016.

Fiserv expects its internal revenue to grow between 4% and 5%, and EPS to range between $5.03 and $5.17. That would be a growth rate of 14% to 17%. Wall Street had been expecting $4.97 per share.

Posted by on February 8th, 2017 at 4:12 pm


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