Global Payments Inc (NYSE:GPN) Expected to Announce Earnings of $1.67 Per Share

Brokerages expect that Global Payments Inc (NYSE:GPN) will report earnings per share of $1.67 for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Global Payments’ earnings, with the highest EPS estimate coming in at $1.69 and the lowest estimate coming in at $1.62. Global Payments reported earnings per share of $1.44 during the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The company is expected to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Global Payments will report full-year earnings of $6.10 per share for the current fiscal year, with EPS estimates ranging from $6.08 to $6.12. For the next fiscal year, analysts anticipate that the business will post earnings of $7.10 per share, with EPS estimates ranging from $7.01 to $7.23. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Global Payments.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS.

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Global Payments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Wells Fargo & Co increased their target price on shares of Global Payments from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. KeyCorp increased their target price on shares of Global Payments from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Piper Jaffray Companies set a $195.00 target price on shares of Global Payments and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of Global Payments from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. Global Payments presently has a consensus rating of “Buy” and a consensus price target of $172.47.

Global Payments stock traded up $2.28 during mid-day trading on Friday, reaching $160.84. 1,248,281 shares of the company’s stock were exchanged, compared to its average volume of 1,545,766. The company has a market cap of $25.20 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.62 and a beta of 1.00. Global Payments has a twelve month low of $94.81 and a twelve month high of $175.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average of $162.81 and a 200-day moving average of $154.57.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Global Payments’s payout ratio is 0.77%.

In related news, Director William I. Jacobs sold 10,980 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $175.27, for a total value of $1,924,464.60. Following the transaction, the director now directly owns 40,568 shares of the company’s stock, valued at approximately $7,110,353.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the transaction, 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. Insiders sold a total of 34,410 shares of company stock worth $5,673,358 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lenox Wealth Advisors LLC purchased a new position in shares of Global Payments in the 2nd quarter valued at $25,000. Next Capital Management LLC purchased a new position in shares of Global Payments in the 2nd quarter valued at $25,000. Citizens Financial Group Inc RI purchased a new position in shares of Global Payments in the 2nd quarter valued at $27,000. Cornerstone Advisors Inc. grew its position in shares of Global Payments by 114.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 202 shares of the business services provider’s stock valued at $28,000 after buying an additional 108 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Global Payments in the 2nd quarter valued at $34,000. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

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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