Equities research analysts expect Global Payments Inc (NYSE:GPN) to post earnings of $1.59 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Global Payments’ earnings. The lowest EPS estimate is $1.46 and the highest is $1.65. Global Payments posted earnings of $1.33 per share in the same quarter last year, which suggests a positive year over year growth rate of 19.5%. The firm is expected to announce its next earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Global Payments will report full-year earnings of $6.17 per share for the current fiscal year, with EPS estimates ranging from $6.11 to $6.20. For the next financial year, analysts anticipate that the company will report earnings of $7.52 per share, with EPS estimates ranging from $7.01 to $7.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Global Payments.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. Global Payments’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS.
Several equities analysts have recently issued reports on GPN shares. Goldman Sachs Group reissued a “buy” rating and issued a $212.00 price target on shares of Global Payments in a report on Tuesday, September 24th. Oppenheimer raised their price objective on Global Payments from $178.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. William Blair reiterated an “outperform” rating on shares of Global Payments in a report on Thursday, October 17th. ValuEngine cut Global Payments from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Robert W. Baird boosted their target price on Global Payments from $188.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $177.56.
In related news, Director Kriss Cloninger III sold 7,877 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $169.15, for a total transaction of $1,332,394.55. Following the completion of the transaction, the director now owns 26,155 shares in the company, valued at $4,424,118.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $163.22, for a total transaction of $97,932.00. Following the transaction, the director now owns 28,388 shares of the company’s stock, valued at approximately $4,633,489.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,777 shares of company stock valued at $1,650,738. 0.88% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new position in shares of Global Payments in the 3rd quarter valued at about $32,000. Keeley Teton Advisors LLC acquired a new stake in shares of Global Payments in the third quarter valued at about $1,330,000. Maverick Capital Ltd. acquired a new stake in shares of Global Payments in the third quarter valued at about $1,013,000. Metropolitan Life Insurance Co NY raised its holdings in Global Payments by 90.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 59,331 shares of the business services provider’s stock worth $9,434,000 after acquiring an additional 28,192 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Global Payments by 421.0% during the third quarter. Millennium Management LLC now owns 453,627 shares of the business services provider’s stock worth $72,126,000 after acquiring an additional 594,927 shares in the last quarter. 87.93% of the stock is owned by institutional investors and hedge funds.
GPN traded up $1.01 during mid-day trading on Friday, hitting $174.99. The stock had a trading volume of 1,368,868 shares, compared to its average volume of 1,565,108. The stock’s fifty day simple moving average is $173.18 and its 200-day simple moving average is $164.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $53.09 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.98. Global Payments has a 1-year low of $94.81 and a 1-year high of $182.13.
The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.195 per share. This is a boost from Global Payments’s previous dividend of $0.01. The ex-dividend date is Thursday, December 12th. Global Payments’s dividend payout ratio is currently 0.77%.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It 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 online reporting services.
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