Total System Services, Inc. (NYSE:TSS) declared a quarterly dividend on Tuesday, September 4th, RTT News reports. Stockholders of record on Thursday, September 20th will be paid a dividend of 0.13 per share by the credit services provider on Monday, October 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.53%.
Total System Services has raised its dividend payment by an average of 2.4% per year over the last three years. Total System Services has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Total System Services to earn $4.59 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 11.3%.
Shares of NYSE TSS opened at $97.55 on Wednesday. Total System Services has a 12 month low of $64.56 and a 12 month high of $98.26. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.62. The stock has a market cap of $17.72 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18.
Total System Services (NYSE:TSS) last issued its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Total System Services had a return on equity of 29.26% and a net margin of 14.39%. The company had revenue of $956.55 million during the quarter, compared to analyst estimates of $936.79 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Total System Services’s revenue was up 13.3% on a year-over-year basis. sell-side analysts anticipate that Total System Services will post 4.2 EPS for the current year.
In other Total System Services news, EVP Patricia A. Watson sold 15,332 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $93.30, for a total value of $1,430,475.60. Following the completion of the sale, the executive vice president now owns 30,743 shares in the company, valued at $2,868,321.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
Several brokerages have recently commented on TSS. Robert W. Baird boosted their price objective on Total System Services from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price objective on shares of Total System Services in a report on Wednesday, July 25th. Raymond James began coverage on Total System Services in a report on Friday, June 15th. They set a “market perform” rating and a $35.00 price objective for the company. Zacks Investment Research raised Total System Services from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, June 19th. Finally, Wolfe Research began coverage on Total System Services in a research note on Tuesday, July 17th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.68.
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: Merchant Solutions, Issuer Solutions, and Netspend. 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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