$1.02 Billion in Sales Expected for Worldpay Inc (WP) This Quarter

Wall Street analysts predict that Worldpay Inc (NYSE:WP) will announce $1.02 billion in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Worldpay’s earnings. The highest sales estimate is $1.03 billion and the lowest is $1.01 billion. Worldpay reported sales of $554.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 84%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 8th.

On average, analysts expect that Worldpay will report full-year sales of $3.92 billion for the current fiscal year, with estimates ranging from $3.91 billion to $3.95 billion. For the next year, analysts forecast that the business will post sales of $4.31 billion, with estimates ranging from $4.24 billion to $4.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Worldpay.

Worldpay (NYSE:WP) last issued its earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.81 million. The company’s quarterly revenue was up 90.0% compared to the same quarter last year.



Several research firms have recently issued reports on WP. KeyCorp lifted their price target on Worldpay from $93.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Nomura lifted their price target on Worldpay from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Cantor Fitzgerald lifted their price target on Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Zacks Investment Research raised Worldpay from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $105.00 price target on shares of Worldpay in a research report on Thursday, August 16th. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $100.59.

In related news, COO Mark L. Heimbouch sold 29,676 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $98.26, for a total value of $2,915,963.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $100.77, for a total value of $7,557,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 260,732 shares of company stock worth $24,997,828. 1.05% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Worldpay by 3.1% during the 2nd quarter. BlackRock Inc. now owns 15,786,367 shares of the business services provider’s stock worth $1,291,011,000 after acquiring an additional 474,679 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Worldpay by 0.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 10,445,196 shares of the business services provider’s stock worth $854,208,000 after acquiring an additional 65,400 shares in the last quarter. Flossbach Von Storch AG raised its holdings in shares of Worldpay by 13.8% during the 2nd quarter. Flossbach Von Storch AG now owns 6,507,637 shares of the business services provider’s stock worth $532,195,000 after acquiring an additional 790,060 shares in the last quarter. FMR LLC raised its holdings in shares of Worldpay by 21.3% during the 2nd quarter. FMR LLC now owns 4,663,174 shares of the business services provider’s stock worth $381,356,000 after acquiring an additional 818,712 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Worldpay by 1.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,774,136 shares of the business services provider’s stock worth $280,936,000 after acquiring an additional 34,849 shares in the last quarter. 88.91% of the stock is currently owned by institutional investors and hedge funds.

Worldpay stock traded down $2.49 on Monday, hitting $90.41. 2,178,020 shares of the stock traded hands, compared to its average volume of 2,365,110. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $28.99 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.57 and a beta of 0.70. Worldpay has a 1 year low of $67.71 and a 1 year high of $103.50.

Worldpay Company Profile

Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.

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Earnings History and Estimates for Worldpay (NYSE:WP)

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