Equities analysts expect Global Payments Inc (NYSE:GPN) to report $1.41 earnings per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Global Payments’ earnings. The highest EPS estimate is $1.44 and the lowest is $1.38. Global Payments reported earnings of $1.15 per share in the same quarter last year, which indicates a positive year over year growth rate of 22.6%. The firm is expected to announce its next earnings report on Wednesday, November 14th.
On average, analysts expect that Global Payments will report full year earnings of $5.15 per share for the current financial year, with EPS estimates ranging from $5.09 to $5.19. For the next year, analysts expect that the company will report earnings of $5.97 per share, with EPS estimates ranging from $5.85 to $6.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Global Payments.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. Global Payments had a net margin of 14.86% and a return on equity of 17.99%. The firm had revenue of $982.50 million for the quarter, compared to the consensus estimate of $968.75 million. During the same period in the prior year, the firm posted $0.94 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year.
A number of research analysts have commented on the stock. Deutsche Bank increased their price objective on shares of Global Payments to $140.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Wedbush increased their target price on shares of Global Payments from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, August 28th. ValuEngine raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Cfra reissued a “hold” rating and set a $119.00 target price on shares of Global Payments in a report on Thursday, August 2nd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $136.00 target price on shares of Global Payments in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company. Global Payments presently has an average rating of “Buy” and a consensus price target of $118.84.
NYSE GPN traded down $1.73 during trading hours on Friday, reaching $126.82. 825,200 shares of the company traded hands, compared to its average volume of 1,012,596. Global Payments has a 12 month low of $92.97 and a 12 month high of $129.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.
In related news, EVP Guido Francesco Sacchi sold 15,156 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $125.11, for a total value of $1,896,167.16. Following the sale, the executive vice president now owns 54,981 shares of the company’s stock, valued at approximately $6,878,672.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cameron M. Bready sold 57,737 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $127.78, for a total transaction of $7,377,633.86. Following the completion of the sale, the insider now directly owns 189,083 shares in the company, valued at approximately $24,161,025.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,430 shares of company stock worth $11,833,594. Corporate insiders own 0.98% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in GPN. DekaBank Deutsche Girozentrale increased its holdings in shares of Global Payments by 24.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,870 shares of the business services provider’s stock worth $1,296,000 after acquiring an additional 2,111 shares during the period. Mackay Shields LLC acquired a new position in Global Payments during the 1st quarter valued at about $2,987,000. Quantitative Systematic Strategies LLC acquired a new position in Global Payments during the 1st quarter valued at about $202,000. Schwab Charles Investment Management Inc. increased its stake in Global Payments by 2.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 567,184 shares of the business services provider’s stock valued at $63,253,000 after buying an additional 13,171 shares during the period. Finally, Aperio Group LLC increased its stake in Global Payments by 13.8% during the 1st quarter. Aperio Group LLC now owns 36,398 shares of the business services provider’s stock valued at $4,059,000 after buying an additional 4,416 shares during the period. 96.28% of the stock is currently owned by institutional investors and hedge funds.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.
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