$1.08 Earnings Per Share Expected for Worldpay Inc (WP) This Quarter

Wall Street brokerages expect Worldpay Inc (NYSE:WP) to post earnings per share (EPS) of $1.08 for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Worldpay’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.10. Worldpay posted earnings of $0.97 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The company is expected to report its next earnings report on Wednesday, February 27th.

On average, analysts expect that Worldpay will report full-year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.95 to $4.02. For the next financial year, analysts forecast that the business will report earnings of $4.65 per share, with EPS estimates ranging from $4.47 to $4.83. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Worldpay.

Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a positive return on equity of 11.66% and a negative net margin of 3.99%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share.



A number of equities analysts have recently issued reports on WP shares. Bank of America raised Worldpay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $106.00 to $118.00 in a research report on Wednesday, October 3rd. Mizuho raised Worldpay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $88.00 to $125.00 in a research report on Wednesday, September 12th. KeyCorp upped their price target on Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $115.00 price target on shares of Worldpay in a research report on Thursday, October 4th. Finally, Nomura upped their price target on Worldpay from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Four 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $101.03.

In other Worldpay news, insider Rohinton Kalifa sold 75,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $100.77, for a total value of $7,557,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mark L. Heimbouch sold 29,676 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $98.26, for a total transaction of $2,915,963.76. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its holdings in Worldpay by 109.7% in the third quarter. Marshall Wace LLP now owns 136,441 shares of the business services provider’s stock valued at $13,795,000 after purchasing an additional 71,380 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Worldpay by 1.5% in the third quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock valued at $2,619,916,000 after purchasing an additional 386,174 shares during the last quarter. Legal & General Group Plc boosted its holdings in Worldpay by 9.2% in the third quarter. Legal & General Group Plc now owns 1,450,956 shares of the business services provider’s stock valued at $146,882,000 after purchasing an additional 122,373 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Worldpay by 7.0% in the third quarter. Nordea Investment Management AB now owns 110,855 shares of the business services provider’s stock valued at $11,226,000 after purchasing an additional 7,277 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in Worldpay by 36.7% in the third quarter. TIAA CREF Investment Management LLC now owns 987,759 shares of the business services provider’s stock valued at $100,030,000 after purchasing an additional 265,306 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors.

Shares of WP stock opened at $83.01 on Friday. The firm has a market cap of $25.64 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97. Worldpay has a 12-month low of $71.40 and a 12-month 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, Europe, and Asia. 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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