Global Payments (GPN) to Release Earnings on Thursday

Global Payments (NYSE:GPN) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.98 per share and revenue of $2.30 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Global Payments Price Performance

Shares of NYSE GPN opened at $106.96 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $27.22 billion, a PE ratio of 20.14, a P/E/G ratio of 0.80 and a beta of 1.01. The stock has a fifty day moving average price of $111.83 and a 200 day moving average price of $108.51. Global Payments has a 1-year low of $91.60 and a 1-year high of $141.77.

Wall Street Analysts Forecast Growth

GPN has been the topic of several analyst reports. Barclays lifted their target price on shares of Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Royal Bank of Canada reduced their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group reduced their target price on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $135.71.

Insider Activity at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.