Zacks: Analysts Anticipate Global Payments Inc (GPN) to Post $1.46 EPS

Equities analysts expect Global Payments Inc (NYSE:GPN) to report earnings of $1.46 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Global Payments’ earnings, with the highest EPS estimate coming in at $1.51 and the lowest estimate coming in at $1.43. Global Payments reported earnings of $1.29 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The company is expected to report its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Global Payments will report full-year earnings of $6.05 per share for the current financial year, with EPS estimates ranging from $5.99 to $6.14. For the next year, analysts forecast that the company will report earnings of $7.06 per share, with EPS estimates ranging from $6.94 to $7.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Global Payments.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. Global Payments’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS.

GPN has been the subject of a number of analyst reports. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Mizuho increased their price target on Global Payments to $136.00 and gave the company a “buy” rating in a report on Thursday, February 14th. Nomura increased their price target on Global Payments from $91.00 to $94.00 and gave the company a “reduce” rating in a report on Monday, February 11th. Jefferies Financial Group initiated coverage on Global Payments in a report on Thursday, February 28th. They issued a “buy” rating and a $150.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Global Payments from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $143.10.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of Global Payments stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $121.49, for a total value of $425,215.00. Following the sale, the director now owns 68,817 shares of the company’s stock, valued at approximately $8,360,577.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.96, for a total value of $97,272.00. Following the completion of the sale, the director now directly owns 40,355 shares in the company, valued at approximately $5,607,730.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,329 shares of company stock worth $27,306,584. Corporate insiders own 0.88% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in GPN. Lunia Capital LP purchased a new stake in Global Payments in the 4th quarter valued at approximately $18,742,000. Norges Bank purchased a new stake in Global Payments in the 4th quarter valued at approximately $131,343,000. Boston Partners purchased a new stake in Global Payments in the 4th quarter valued at approximately $122,196,000. Coho Partners Ltd. purchased a new stake in Global Payments in the 1st quarter valued at approximately $118,168,000. Finally, JPMorgan Chase & Co. boosted its holdings in Global Payments by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after purchasing an additional 581,025 shares in the last quarter. 99.63% of the stock is currently owned by institutional investors.

NYSE GPN traded up $3.48 during trading hours on Tuesday, reaching $147.08. The company’s stock had a trading volume of 48,304 shares, compared to its average volume of 1,170,587. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.48 and a beta of 1.20. Global Payments has a 1-year low of $94.81 and a 1-year high of $147.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, June 13th. 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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Earnings History and Estimates for Global Payments (NYSE:GPN)

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