Global Payments (NYSE:GPN) Updates FY19 Earnings Guidance

Global Payments (NYSE:GPN) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.00-6.15 for the period, compared to the Thomson Reuters consensus estimate of $6.05. The company issued revenue guidance of $4.44-4.49 billion, compared to the consensus revenue estimate of $4.47 billion.Global Payments also updated its FY 2019 guidance to $6.00-6.15 EPS.

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Global Payments from $128.00 to $137.00 and gave the stock an equal weight rating in a report on Tuesday, May 7th. Barclays boosted their price objective on Global Payments from $165.00 to $180.00 and gave the stock an overweight rating in a report on Friday, July 19th. SunTrust Banks set a $190.00 price objective on Global Payments and gave the stock a buy rating in a report on Wednesday. Cantor Fitzgerald boosted their price objective on Global Payments from $143.00 to $163.00 and gave the stock an overweight rating in a report on Friday, May 3rd. Finally, BMO Capital Markets cut Global Payments from an outperform rating to a market perform rating and boosted their price objective for the stock from $164.00 to $173.00 in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. Global Payments has an average rating of Buy and an average target price of $160.35.

GPN stock traded down $3.42 during trading hours on Friday, hitting $161.48. 1,304,449 shares of the stock were exchanged, compared to its average volume of 1,325,405. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 31.11, a P/E/G ratio of 1.72 and a beta of 1.03. The firm has a 50-day moving average price of $163.10. Global Payments has a 12 month low of $94.81 and a 12 month high of $172.20.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Global Payments had a return on equity of 18.11% and a net margin of 13.62%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. Equities research analysts anticipate that Global Payments will post 5.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Thursday, September 12th. Global Payments’s payout ratio is 0.77%.

In related news, Director Alan M. Silberstein sold 700 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $157.95, for a total value of $110,565.00. Following the sale, the director now directly owns 40,163 shares of the company’s stock, valued at $6,343,745.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $165.05, for a total value of $99,030.00. Following the completion of the sale, the director now directly owns 30,188 shares in the company, valued at $4,982,529.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,550 shares of company stock worth $831,625. 0.88% of the stock is currently owned by insiders.

About Global Payments

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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