Worldpay Inc Expected to Earn FY2021 Earnings of $5.86 Per Share (NYSE:WP)

Worldpay Inc (NYSE:WP) – Equities research analysts at Piper Jaffray Companies issued their FY2021 earnings estimates for Worldpay in a note issued to investors on Friday, July 12th. Piper Jaffray Companies analyst J. Deleeuw anticipates that the business services provider will post earnings of $5.86 per share for the year.

Worldpay (NYSE:WP) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. Worldpay had a return on equity of 11.28% and a net margin of 3.63%. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $950.37 million. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis.

WP has been the topic of a number of other research reports. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, July 5th. Cantor Fitzgerald restated a “hold” rating and set a $8.00 price objective on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Barclays raised their price objective on Worldpay from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Morgan Stanley upgraded Nevro from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $70.00 in a research note on Wednesday, March 20th. Finally, Buckingham Research raised their price objective on Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Sixteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Worldpay currently has a consensus rating of “Hold” and a consensus price target of $111.71.

NYSE:WP opened at $131.21 on Monday. The firm has a market cap of $40.69 billion, a PE ratio of 35.65, a P/E/G ratio of 2.14 and a beta of 0.76. The business’s 50 day moving average price is $124.74. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 0.95. Worldpay has a 1-year low of $70.41 and a 1-year high of $132.16.

Several institutional investors and hedge funds have recently modified their holdings of WP. Norges Bank acquired a new position in Worldpay during the 4th quarter worth about $217,819,000. Artisan Partners Limited Partnership lifted its stake in shares of Worldpay by 20.5% in the 1st quarter. Artisan Partners Limited Partnership now owns 8,686,793 shares of the business services provider’s stock valued at $985,951,000 after purchasing an additional 1,474,881 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Worldpay in the 1st quarter valued at about $166,143,000. CNH Partners LLC acquired a new position in shares of Worldpay in the 1st quarter valued at about $144,871,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Worldpay by 11,396.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,080,701 shares of the business services provider’s stock valued at $122,660,000 after purchasing an additional 1,071,301 shares during the period. Institutional investors own 91.78% of the company’s stock.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Worldpay Holding, LLC, provides electronic payment processing services in the United States, Europe, Asia, and Australasia. It operates in two segments, Technology Solutions, Merchant Solutions, and Issuer Solutions. The company offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Earnings History and Estimates for Worldpay (NYSE:WP)

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