Global Payments (NYSE:GPN) Releases FY 2021 Earnings Guidance


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Global Payments (NYSE:GPN) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 7.870-8.070 for the period, compared to the Thomson Reuters consensus estimate of $7.940. The company issued revenue guidance of $7.55 billion-$7.63 billion, compared to the consensus revenue estimate of $7.57 billion.Global Payments also updated its FY21 guidance to $7.87 to $8.07 EPS.

Shares of NYSE GPN traded down $6.97 during mid-day trading on Tuesday, reaching $205.50. The company had a trading volume of 1,740,292 shares, compared to its average volume of 1,596,689. Global Payments has a twelve month low of $153.33 and a twelve month high of $220.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $60.64 billion, a PE ratio of 122.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.16. The stock’s 50 day moving average is $211.61 and its 200-day moving average is $197.55.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, May 4th. The business services provider reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.15. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.77 billion. Global Payments had a net margin of 6.75% and a return on equity of 6.46%. Global Payments’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. On average, sell-side analysts anticipate that Global Payments will post 6.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, March 11th. Global Payments’s payout ratio is 13.31%.

Global Payments declared that its board has approved a stock buyback program on Monday, February 8th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

GPN has been the topic of several analyst reports. KeyCorp increased their target price on shares of Global Payments from $175.00 to $215.00 and gave the stock an overweight rating in a research report on Wednesday, January 27th. Sanford C. Bernstein restated an outperform rating and set a $214.00 price target on shares of Global Payments in a report on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Global Payments from $207.00 to $235.00 and gave the company a buy rating in a report on Monday. Citigroup upped their price target on shares of Global Payments from $223.00 to $232.00 and gave the company a buy rating in a report on Tuesday, February 9th. Finally, Susquehanna upped their price target on shares of Global Payments from $220.00 to $239.00 and gave the company a positive rating in a report on Tuesday, February 9th. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $213.14.

In other Global Payments news, EVP Guido Francesco Sacchi sold 12,077 shares of the business’s stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $202.07, for a total transaction of $2,440,399.39. Also, Director M Troy Woods sold 75,727 shares of the business’s stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $194.65, for a total transaction of $14,740,260.55. Insiders have sold a total of 117,645 shares of company stock worth $23,231,757 over the last three months. Insiders own 0.88% of the company’s stock.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and on-line reporting services.

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Earnings History and Estimates for Global Payments (NYSE:GPN)

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