Equities analysts predict that Total System Services, Inc. (NYSE:TSS) will post sales of $1.01 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Total System Services’ earnings, with the highest sales estimate coming in at $1.02 billion and the lowest estimate coming in at $1.00 billion. Total System Services posted sales of $956.55 million in the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is expected to issue its next earnings report on Tuesday, July 23rd.
On average, analysts expect that Total System Services will report full year sales of $4.05 billion for the current financial year, with estimates ranging from $4.03 billion to $4.07 billion. For the next year, analysts anticipate that the firm will post sales of $4.35 billion, with estimates ranging from $4.32 billion to $4.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Total System Services.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, April 23rd. The credit services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. Total System Services had a return on equity of 31.25% and a net margin of 14.63%. The firm had revenue of $980.30 million during the quarter, compared to the consensus estimate of $998.73 million. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year.
Several equities research analysts recently issued reports on TSS shares. Goldman Sachs Group cut Megaport from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded Iterum Therapeutics from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Thursday, March 28th. Robert W. Baird upped their target price on Total System Services from $98.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets upgraded Tourmaline Oil from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $107.29.
A number of institutional investors have recently added to or reduced their stakes in TSS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Total System Services by 14.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,352 shares of the credit services provider’s stock valued at $3,362,000 after buying an additional 5,291 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Total System Services by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,145 shares of the credit services provider’s stock worth $82,601,000 after buying an additional 28,439 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Total System Services by 13.9% during the fourth quarter. Natixis Advisors L.P. now owns 13,238 shares of the credit services provider’s stock worth $1,076,000 after buying an additional 1,614 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Total System Services by 34.1% during the fourth quarter. Stifel Financial Corp now owns 37,218 shares of the credit services provider’s stock worth $3,013,000 after buying an additional 9,466 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Total System Services by 3.6% during the fourth quarter. Brown Advisory Inc. now owns 17,557 shares of the credit services provider’s stock worth $1,427,000 after buying an additional 617 shares in the last quarter. Institutional investors and hedge funds own 77.21% of the company’s stock.
Shares of TSS stock traded up $0.02 during trading on Friday, hitting $133.03. The company had a trading volume of 754,400 shares, compared to its average volume of 1,596,458. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.85. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.37 and a beta of 0.82. The stock’s 50-day simple moving average is $128.33. Total System Services has a one year low of $75.58 and a one year high of $133.75.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 20th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. Total System Services’s dividend payout ratio is 12.21%.
About Total System Services
Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Issuer Solutions, Merchant Solutions, and Consumer Solutions. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.
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